Centre should show same kind of love it has for Adani to common people: KCR

Telangana Chief Minister K Chandrasekhar Rao on Sunday demanded Adani Groups scam be discussed in a Joint Parliamentary Committee JPC as he targeted the Centre over the import of coal and its love for AdaniHe claimed the Centre is pressuring Life Insurance Corporation to make a false statement over its exposure in the Adani Group The Indian banking system is involved in this problem and the whole country is worried he allegedAddressing a press conference in Nanded city of Maharashtra after speaking at a public rally Rao who heads Bharat Rashtra Samithi BRS alleged the Centre is forcing states to import coal which is supplied only by Adani GroupThe import of coal is akin to cheating the country and the BRS will change this scenario after coming to power he said It is my request to the Prime Minister that Adani Group is involved in such a big scam and it should be discussed in a joint parliamentary committee Almost Rs 10 lakh crore has been evaporated he allegedEveryone knows he Adani is your friend In just two years he became the worlds second richest person If you are honest set up a joint parliamentary committee It is my demand Rao said The BRS chief claimed the Life Insurance Corporation has an exposure of Rs 80000 crore in Adani Group But to mislead the country the Centre is pressuring LIC to make a false statement that it is not in dangerAlso read Why wars between states over water being encouraged when it is available adequately asks KCRLIC is the worlds largest and betterperforming insurance company but why the government is intervening he asked Speaking on the coal scenario he said India has enough reserves of coal that would last for the next 120 years but the Union government is forcing states to procure imported coal which is only supplied by the Adani group The kind of love the Centre has for Adani it should have for the people of the country he saidThe Adani Group is battling allegations of fraudulent transactions and share price manipulation raised by USbased activist shortseller Hindenburg Research leading to a steep fall in the prices of its shares The Adani group has dismissed the charges as lies saying it complies with all laws and disclosure requirementsThe import of coal is cheating the country Coal India Ltd has already stated that it has paid the required amount for the construction of a 250km long railway track that would increase our coal production exponentially But the Centre government is not letting it happen he claimedRao however didnt specify the railway track he was talking about If we utilise all the coal fields in the country properly we will need not have to buy a single kilogram of coal from any other country The BRS is going to change it when it comes to power he saidThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever