After Adani, OCCRP went after Vedanta, made these serious allegations - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Friday, September 1, 2023

After Adani, OCCRP went after Vedanta, made these serious allegations

After Gautam Adani, now the American 'ghost' OCCRP is after Vedanta owner Anil Agarwal. OCCRP has made serious allegations against Vedanta of lobbying secretly.

After Adani, now the specter of America is after Vedanta Group. Non-profit media organization OCCRP has targeted Indian businessman Vedanta Group owner Anil Agarwal. According to Reuters, the organization has made serious allegations targeting Anil Agarwal. OCCRP alleges that his company Vedanta secretly lobbied to weaken environmental laws during Corona. OCCRP has made these allegations against Vedanta in a report. The report said that in January 2021, the chairman of Vedanta Group had asked the then Environment Minister Prakash Javadekar to speed up the country's economy recovery that the government should allow mining companies to increase production by 50 percent without obtaining new environmental clearance. Permission should be given.

There is an allegation of lobbying

According to the Economic Times report, OCCRP has accused Vedanta that Anil Agarwal's oil company Cairn India had also lobbied to eliminate public hearings for exploratory drilling in oil blocks. After which Vedanta told OCCRP that being a large natural resources company of the country, it is working on the goal of promoting domestic production and reducing imports. Vedanta spokesperson told OCCRP that the company keeps submitting its memorandum to the government from time to time to become independent in the country's development and natural resources.

Adani was also targeted

Before Vedanta, OCCRP had also targeted Gautam Adani. OCCRP had claimed that Adani Group had invested millions of dollars in the stock exchange through a family business partner by secretly purchasing its own shares. However, Adani Group had completely rejected all the claims of OCCRP. But, due to the OCCRP report, a huge fall in Adani's shares was recorded. Adani's market cap has declined by about Rs 40 thousand crore. At the same time, he has now slipped from 20th to 22nd position in the list of the world's richest people.

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