The Aam Aadmi Party (AAP) has raised concerns over PM Modi’s ‘close friend’ indictment and allegations of corruption involving Gautam Adani and his associates, and the startling silence of Indian investigative agencies on these matters.
“PM Modi isn’t India’s Prime Minister, but Adani’s Prime Minister,” blasts senior AAP leader and Rajya Sabha MP Sanjay Singh as he takes potshots at the PM Narendra Modi’s silence over Rs 5.5 lakh crore investor loss after a US court warrant against his ‘friend’ Gautam Adani. “While the nation suffers, PM Modi strengthens his friend’s empire abroad,” charges the AAP in a fiery attack.
Senior AAP leader and Rajya Sabha MP Sanjay Singh, in a press conference alongwith AAP Delhi State Secretary Reena Gupta, highlighted the nationwide outrage over the recent loss of public money in the stock market. He stated, “Approximately Rs 5.5 lakh crore of the Indian people’s money has been wiped out in the stock market. This has happened because Adani, a key businessman and close friend of Prime Minister Modi, committed fraud and scams, causing the stock market to crash.”
MP Sanjay Singh further elaborated, “As a result, Rs 5.5 lakh crore of hard-earned money that people invested in the stock market, hoping for some returns, has vanished.” He also pointed out that a similar massive loss of public money occurred earlier when the Hindenburg report exposed serious allegations against Adani.
Continuing his remarks, Sanjay Singh said, “But the government and the Prime Minister, who frequently remind you about petty rhetoric like the stealing of buffaloes, mangalsutras, or bread, remain silent when their friend Adani is involved in a scam worth millions of crores. They stay quiet when millions of crores of the public’s hard-earned money disappear.”
He further criticized the government’s priorities, stating, “During elections, they remind you of trivial thefts, but when the stock market causes losses worth lakhs of crores, the Prime Minister remains silent.” Highlighting the scale of the loss, the senior AAP leader added, “As for this Rs 5.5 lakh crore of public money that has been lost, even counting the zeros in this figure will leave you exhausted.”
Addressing Prime Minister Modi, Sanjay Singh expressed his dismay at the government’s inaction, stating, “The people of this country have lost so much money, yet the Prime Minister seems unaffected.” He added, “Today, I want to systematically explain how the Prime Minister of India, during his foreign trips, gives the impression that he is working to boost employment in India, improve relations with other nations, strengthen India on the global stage, and promote the development of education and health in the country.”
However, the senior AAP leader argued that the reality tells a different story. “The Prime Minister’s foreign trips are not to strengthen India but to strengthen his friend, Adani,” he said. He further elaborated on his claims, providing a detailed timeline to illustrate how the Prime Minister’s foreign visits appear to align with lucrative deals secured by the Adani Group.
He said that in March 2017, the Prime Minister visited Bangladesh, and by April 2017, Adani secured a deal for a mega container port there. In January 2018, during the Prime Minister’s visit to Israel, he met the Israeli Prime Minister, and by December 2018, Adani was granted a license to establish a company manufacturing military drones in Israel.
Sanjay Singh highlighted further examples, noting that in June 2018, after the Prime Minister’s visit to Singapore, Adani Ports secured a Rs 1,000 crore project in Singapore by July 2018. Similarly, in February 2020, following the Prime Minister’s visit to Sri Lanka, Adani’s company was awarded a controversial port contract in July 2020. The pattern continued in June 2023, when the Prime Minister visited Nepal; shortly afterward, Adani acquired a contract to build and manage an airport there.
“In October 2023, the Prime Minister’s visit to Tanzania resulted in Adani’s company securing a 30-year deal to operate Terminal 2 of the Dar es Salaam port by May 2024. In July 2024, the Prime Minister met Vietnam’s Prime Minister, and within the same month, the Vietnamese government announced Adani Group’s plans to invest in Vietnam’s airports,” he added.
Sanjay Singh mentioned the Prime Minister’s visit to Kenya in December 2023, emphasizing how such trips consistently coincided with favorable deals for the Adani Group. He stated, “Through these examples, it becomes clear that the Prime Minister’s trips abroad consistently result in lucrative deals for Adani, rather than focusing on India’s development or the welfare of its people. “
Sanjay Singh further highlighted the controversial dealings of the Adani Group, citing events in Kenya as a prime example. He said, “In March 2024, Adani submitted a project in Kenya, and by June 2024, the Kenyan government changed its policies to favor Adani, altering existing rules to award him contracts.”
As a result, Adani secured two significant deals: a Rs 10,000 crore contract through Adani Energy Solutions for a 30-year electricity transmission line project and a Rs 15,000 crore contract to operate a profitable airport in Kenya for 30 years.
Sanjay Singh emphasized how these deals were made possible through questionable changes in policy, further raising concerns about the integrity of such transactions. He said, “This caused an uproar in Kenya’s Parliament, where lawmakers questioned why such lucrative deals, benefitting the country, were handed over to Adani.”
The Rajya Sabha MP continued, “Yesterday, further embarrassment unfolded on the global stage when news from the United States exposed serious corruption allegations against Adani. Arrest warrants were issued against Gautam Adani and his nephew Sagar Adani for bribery and corruption.”
He added, “Kenya, responding to this scandal, canceled both contracts with Adani. This is deeply humiliating for India, as similar controversies have occurred globally—from Nepal to Tanzania, Bangladesh to Singapore, and now in Kenya.”
Sanjay Singh then pointed to the findings of the U.S. investigation, saying, “Yesterday’s investigation report from the U.S. revealed shocking details: Adani and his associates paid Rs 2,200 crore in bribes to Indian officials, with specifics about the names of officials and amounts disclosed. These bribes were used to secure contracts and manipulate electricity pricing, allowing Adani to sell overpriced electricity across various states in India.”
Sanjay singh further stated, “This exposes a deeply troubling pattern: instead of working to improve India’s education, healthcare, and employment, the Prime Minister’s foreign trips have consistently focused on securing deals for Adani. The cost of these trips is effectively borne by the hard-earned money of Indian citizens, while the benefits flow disproportionately to one business group.”
Sanjay Singh said, “The Prime Minister’s close friend Adani secures contracts to supply solar energy through a 12,000 MW solar plant across five states. To obtain these contracts, Adani allegedly paid bribes amounting to Rs 2,500 crore to various officials in both the central government and these states. Evidence, including photos of these officials and details of the amounts paid, exists.” He further revealed that a PowerPoint presentation by Sagar Adani reportedly shows how bribes were distributed to secure these lucrative contracts.
Sanjay Singh emphasized that despite such compelling evidence, when U.S. authorities issued arrest warrants against Gautam Adani, Sagar Adani, and others like Vinod Jain, the entire world was shocked. “Investigations had been ongoing in the U.S. since March 2024 into corruption allegations against Adani,” he added.
Sanjay Singh pointed out that according to Indian law, Adani was obligated to disclose these ongoing investigations to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Instead, Adani sent letters to these institutions, dismissing the reports as baseless and no investigation is ongoing against him. Now, arrest warrant has been issued against him.
Sanjay Singh raised two crucial questions, saying, “This raises two key questions: Why has SEBI (Securities and Exchange Board of India) remained silent, and why haven’t Indian investigative agencies like the CBI, ED, or Income Tax Department, which quickly act against opposition leaders, taken any action in this massive corruption case? Kenya’s twisting of policies to award contracts to Adani mirrors what occurred in India, where the Modi-led government altered regulations to benefit Adani. For instance, while prior experience was traditionally required to secure an airport contract, this criterion was twisted specifically to favor Adani.”
He emphasized that those who misguide the innocent people of the country with mere rhetoric of Buffalo, Mangalsutra have ensured safe haven to thieves around them. The Prime Minister appears to be working for the benefit of Adani rather than for the country. PM Modi is not India’s Prime Minister, he’s Adani’s Prime Minister. “The slogan ‘Ek hai to safe hai’ now seems to mean that efforts are being made to safeguard one individual alone,” he stated.
Concluding his remarks, Sanjay Singh announced, “With Parliament’s session starting on the 25th, the Aam Aadmi Party will strongly raise this issue of corruption and demand an impartial investigation. Why haven’t Gautam Adani, Sagar Adani, and the officials involved in this scandal been arrested? The people of India deserve answers to these questions, and the AAP is committed to ensuring that these issues are addressed in Parliament.”
