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Rahul Gandhi accuses PM Modi of being unable to stand up to Trump due to US investigation into Adani
ByAinvest
Wednesday, Aug 6, 2025 2:07 am ET1min read
Congress leader Rahul Gandhi claims that PM Narendra Modi cannot stand up to US President Donald Trump due to the ongoing US investigation into the Adani Group. Gandhi alleges that Modi's hands are tied because of the financial links between Modi, Adani, and Russian oil deals. The investigation involves allegations of bribery to Indian government officials for solar energy supply contracts.
Adani Enterprises has clarified that it is not in talks with Chinese companies BYD and Beijing Welion New Energy Technology, dismissing recent reports as baseless and misleading [1]. The company's denial comes amidst growing scrutiny of the Adani Group, which has been under investigation for bribery allegations in India and the US.Meanwhile, Congress leader Rahul Gandhi has alleged that Prime Minister Narendra Modi's inability to stand up to US President Donald Trump is linked to the ongoing investigation against the Adani Group. Gandhi claims that Modi's hands are tied due to alleged financial links between Modi, the Adani Group, and Russian oil deals [2].
The US Securities and Exchange Commission (SEC) has indicted Adani and his nephew, Sagar Adani, for paying bribes to secure Indian power supply contracts and misleading investors during fund raises. The SEC alleges that the Adani Group concealed ongoing bribery allegations while raising funds from American investors, violating the US Securities Act [3].
Despite the regulatory challenges, S&P Global Ratings has revised its outlook on three Adani Group entities—Adani Electricity Mumbai (AEML), Adani Ports and Special Economic Zone (APSEZ), and Adani Green Energy Restricted Group 2—to reflect improved fundamentals. The agency affirmed the credit ratings of the three entities, upgrading APSEZ to 'Positive' and AEML and Adani Green Group 2 to 'Stable' [4].
Trump has threatened higher tariffs on India, citing the country's continued purchases of Russian oil. India has defended its trade with Russia, pointing out similar practices by the EU and the US. Trump's Pakistan ceasefire claims and the Adani case have been topics of debate in recent weeks.
References:
[1] https://economictimes.indiatimes.com/industry/renewables/adani-ent-denies-tie-up-with-chinese-companies-byd-and-beijing-welion-new-energy-tech/articleshow/123089200.cms
[2] https://m.economictimes.com/news/politics-and-nation/modis-hands-are-tied-rahul-gandhi-claims-prime-minister-cannot-stand-up-to-trump-because-of-the-ongoing-investigation-against-adani/articleshow/123132967.cms
[3] https://economictimes.indiatimes.com/markets/stocks/news/sp-upgrades-its-outlook-on-three-adani-group-companies/articleshow/123106417.cms
[4] https://economictimes.indiatimes.com/news/politics-and-nation/modis-hands-are-tied-rahul-gandhi-claims-prime-minister-cannot-stand-up-to-trump-because-of-the-ongoing-investigation-against-adani/articleshow/123132967.cms
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