2 types of Rs. 500, 1000 notes: Opp suspects biggest scam of century

Agencies
August 8, 2017

New Delhi, Aug 8: Opposition Congress, supported by TMC and JD(U), today forced four adjournments of the proceedings in the Rajya Sabha over what it called as "biggest scam of this century" in the printing of two different kinds of 500 and 1000 rupee notes.

Slogan-shouting Congress members trooped into the well even as Leader of the House and Finance Minister Arun Jaitley said the opposition party has been raising "frivolous" issues without giving notices to stall Zero Hour proceedings.

They were supported by Sharad Yadav (JD-U) who displayed copies of some currency notes. Some members including Derek O'Brien (TMC) displayed the new 500 rupee notes issued after demonetisation to show the different sizes they were bring printed.

He first offered to submit the notes to Jaitley for scrutiny and then walked up to him to explain to him the difference. He, however, did not leave the notes with the Finance Minister.

Jaitley said there is no provision in the rules that anyone could "flash any paper and say it is point of order." "There is a misuse of zero hour which is going on," he said, adding that the Congress first raised the issue of provision for None-Of-The-Above (NOTA) in the ballot for Rajya Sabha poll but then discovered that the provision had been made during their rule.

"You have been raising frivolous issues in the Zero Hour without giving notice" with a view to disrupt and not get replies, he said, but did not reply to the opposition contentions on different sized notes.

Raising the issue through a point of order, Kapil Sibal (Cong) said different sizes of the new high denomination currency was being printed - "one for the ruling party (members) and one for the others".

"We have today discovered the reason why the government did demonetisation (of old 500 and 1000 rupee notes in November last year)," he said. Leader of the Opposition Ghulam Nabi Azad (Cong) said "this is the biggest scam of this century."

As Law Minister Ravi Shankar Prasad and Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi countered, Azad said two types of notes are being printed.

"The government has no right to remain in office for even five minutes," he said. Deputy Chairman P J Kurien said even if there are two types of notes, it cannot be a point of order. "You raise the issue in a different form."

"It is a serious issue," O'Brien said as he displayed two 500 rupee notes that he said were different in size and design. Prasad asked opposition members to explain where they got the currency notes from.

Sharad Yadav (JD-U) said no country in the world has two notes of different sizes. "One is bigger, one is smaller," he said. "I can give signed (copies of the notes)."

Kurien said he is not an expert to examine the notes. "You give separate notice." "I will give them to Finance Minister," O'Brien said. Kurien said "give it to the Finance Minister, I have no objection."

Anand Sharma (Cong) said the credibility of the currency in circulation has been challenged. Kurien however said the issue cannot be taken up through a point of order and the members have to give separate notice.

Pramod Tiwari (Cong) said notice has been given, to which Kurien said the Chairman will examine them. As the din continued, Kurien adjourned the proceedings for 15 minutes.

After the adjournment, as Kurien asked the members again to give notice on the issue, O'Brien said he has given notice for discussion on demonetisation for the past three weeks, but the government has not yet listed the matter.

As the din continued, Kurien adjourned the House till noon. Similar noisy scenes were witnessed when the Question Hour was taken up by Chairman Hamid Ansari, who adjourned the proceedings for another 15 minutes.

When the House assembled again, the opposition members continued slogan-shouting, forcing Ansari to adjourn the House till one PM.

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News Network
November 21,2024

modiadani.jpg

After the US prosecutors charged Gautam Adani with bribery and fraud, Congress reiterated its call for a Joint Parliamentary Committee (JPC) probe into the transactions of the Adani group, and hit out at Prime Minister Narendra Modi, alleging an "internal nexus" between him and "his favourite businessman."

Senior Congress leader Jairam Ramesh said the indictment of Gautam Adani and others by the US Securities and Exchange Commission validates his party’s call for a Joint Parliamentary Committee investigation.

The Congress has been pushing for the probe since January 2023, raising concerns over alleged irregularities involving Adani and his business dealings, said Ramesh.

Ramesh referred to the party’s “Hum Adani ke Hain” series, where 100 questions were raised about the alleged scams and the links between Prime Minister Narendra Modi and Gautam Adani.
He noted that the questions remain unanswered, reiterating the need for accountability in the matter.

The US prosecutors have charged Adani with deceiving investors by concealing information about his firm's solar energy project in India, which allegedly involved bribery.

Adani has been charged with securities fraud and conspiracy, according to an indictment unsealed on Wednesday. The case focusses on an agreement between Adani Green Energy Ltd. and another organisation to supply 12 gigawatts of solar power to the Indian government.

'BETRAYAL OF INDIAN INVESTORS'

Congress leader Pawan Khera described the allegations against Gautam Adani and his conglomerate as a “betrayal of Indian investors.”

Taking to X, Khera outlined the US charges, including claims that Adani’s group bribed Indian government officials between 2020 and 2024 to secure contracts. Citing media reports, he also pointed out that Gautam Adani personally met a government official to advance the scheme.

Khera referred to a March 2024 incident where the Adani Group allegedly misled the Bombay Stock Exchange and the National Stock Exchange, calling it a “grave violation of investor trust.”

He further highlighted a March 2023 FBI raid on the premises of Sagar Adani, Gautam Adani’s nephew, where electronic devices were seized as part of the investigation.

'SEBI NOT ABLE TO PROVE ANY CHARGES AGAINST ADANI'

Shiv Sena (UBT) leader Priyanka Chaturvedi criticised central probe agencies following US charges against Gautam Adani and others in an alleged bribery case linked to solar energy contracts.

Chaturvedi raised concerns about corporate governance and regulatory oversight in the country. “They talk about corporate governance, responsibility, and accountability. The industrialists should be asked to follow the rules and regulations, but even the agencies were defending him. The SEBI has not yet been able to prove charges against him,” she said, pointing to what she viewed as failures in ensuring accountability.

'BROUGHT DISREPUTE TO INDIA'

On US charges against Gautam Adani, AAP leader Sanjay Singh called for a probe against the industrialist. He said that the probe should be conducted by an investigation agency under the Supreme Court.

"Adani Group has brought disrepute to India. This is a very serious matter. The PM of India should come forward and answer this. All the pending matters against Adani should be probed by an investigation agency under Supreme Court monitoring, and all the corruption done by him, within and outside the country, should come out before the country and action should be taken against him," he said.

BJP DFENDS

BJP IT cell chief Amit Malviya responded sharply to the Opposition’s criticism regarding allegations involving Adani Green Energy and US-based Azure Power. He pointed out that the charges in the indictment are only allegations and emphasised, “The defendants are presumed innocent unless and until proven guilty.”

Malviya argued that the crux of the case concerns agreements to supply 12 GW of power to the Solar Energy Corporation of India (SECI), contingent on SECI securing power purchase agreements with state electricity distribution companies (SDCs).

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