Owaisi helped BJP in Bihar elections, will help us win UP, Bengal: Sakshi Maharaj

Agencies

January 14, 2021

Asaduddin Owaisi helped BJP in Bihar, will do so in WB, UP polls: Sakshi Maharaj | Hindustan Times

Unnao, Jan 14: BJP MP from Unnao, Sakshi Maharaj, has created another political stir by claiming that the All India Majlis-e-Ittehadul Muslimeen (AIMIM) leader Asaduddin Owaisi had helped the BJP in the Bihar Assembly elections and would also help in the Assembly polls in West Bengal and Uttar Pradesh.

The BJP MP said that AIMIM's participation in UP and Bengal elections will help the BJP win the states.

"It is God's grace. May God give him strength. He helped us in Bihar and will help us (BJP) in Uttar Pradesh panchayat and Assembly polls and also in West Bengal," he told media.

The AIMIM has often been referred to as the 'B' team of the BJP since it helps in polarising votes on religious lines.

However, AIMIM chief Asaduddin Owaisi has strongly resented the tag and has denied having helped BJP with his brand of politics.

Owaisi had contested last year's elections in Bihar, which was said to have cut into the Muslim votes that go to the opposition, leading to the NDA's victory.

His party won five seats in the Muslim-dominated Seemanchal region -- a large figure given that the NDA won just 15 more seats than the Grand Alliance.

After the elections, the Congress and Rashtriya Janata Dal had dubbed him the 'B Team of the BJP'.

Owaisi has now announced his party's intention to contest the next state elections in Uttar Pradesh as part of a front led by former BJP ally Om Prakash Rajbhar.

Owaisi, on Tuesday, had visited some districts of eastern UP accompanied by Rajbhar.

Elections in Uttar Pradesh are due next year.

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Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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