Wrestlers resume duty; refute reports of withdrawing from protest after midnight meeting with Amit Shah

News Network

June 5, 2023

Wrestler Sakshi Malik on Monday denied reports of her along with Vinesh Phogat and Bajrang Punia withdrawing from the wrestlers' protest. Sakshi said that she and the other two wrestlers have resumed their respective jobs, but have not withdrawn from the protest.

She clarified this on Twitter after multiple reports claimed that Phogat, Punia and Sakshi on Monday withdrew from the wrestlers' protest in order to join back their respective jobs.

Sakshi along with Punia and Phogat had met Home Minister Amit Shah in the intervening night of Saturday and Sunday at his residence to discuss the matter related to their protest against the Wrestling Federation of India (WFI) chief.

"This news is completely wrong. In the fight for justice, none of us has backed down, nor will we. Along with Satyagraha, I am fulfilling my responsibility in Railways. Our fight continues till justice is served. Please don't spread any wrong news," Sakshi tweeted.

According to Hindustan Times, Bajrang Punia and Vinesh Phogat have also resumed work in the Railways.

Olympian wrestlers Bajrang Punia, Sakshi Malik and Vinesh Phogat met Home Minister Amit Shah at his residence to discuss the matter related to their protest against the WFI chief. Brij Bhushan Sharan Singh is accused of sexually harassing several female grapplers, including a minor.

"They shared their concern with the Home Minister. The meeting was long and he listened to everything. But koi decision nhi hua abhi tak (no decision has been reached so far)," a source close to the wrestlers said.

Bajrang, Sakshi and Vinesh were leading the protest by the wrestlers at Jantar Mantar in Delhi since April accusing the sidelined president of the WFI.

The protesting wrestlers were manhandled and detained by Delhi Police and their arrangements at the protest site were dismantled.

The wrestlers had gone to Haridwar claiming that they want to drop their medals in the river Ganga. With many people requesting them, they decided to hand over the medals to the farmers' leaders to take a call.

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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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