Gautam Adani ‘biggest NPA trapeze artiste’, has Rs 72,000 Cr in NPA: Subramanian Swamy

06 March 2018, 10:15 PM
Gautam Adani ‘biggest NPA trapeze artiste’, has Rs 72,000 Cr in NPA: Subramanian Swamy (PTI photo)
Gautam Adani ‘biggest NPA trapeze artiste’, has Rs 72,000 Cr in NPA: Subramanian Swamy (PTI photo)

Senior BJP leader Subramanian Swami on Tuesday called industrialist Gautam Adani the “biggest NPA (Non-Performing Asset) trapeze artiste in PSUs.”

Training his guns on Adani, Swami said that it was time now to hold the businessman accountable or a PIL is inevitable.

“Information came to me that he (Gautam Adani) may be having as much as Rs 72,000 (crores) in NPA,” the BJP leader claimed.

“This will be clear only after investigation. That’s why I raised this question,” Swami added further.

According to Bloomberg data, as of September 2017, Gautam Adani’s company Adani Power had a total debt of Rs 47,609.43 crore, Adani Transmission Rs 8,356.07 crore, Adani Ent Rs 22,424.44 crore and Adani Ports Rs 20.791.15 crore.

Swami’s remarks against Adani has come at a time when Modi government is already facing people’s outrage over the erratic banking sector and alleged PNB bank scam.

Also Read | PNB Fraud Case: SFIO summons ICICI Bank's CEO Chanda Kochhar

In India’s biggest ever banking scam, two diamondtaires Nirav Modi and Mehul Choksi allegedly defrauded state-owned Punjab National Bank to the tune of Rs 12,700 crore.

Congress party alleges Nirav Modi was part of the delegation that went with PM Modi to attend the World Economic Forum in Davos in January this year.

The party also shared a video in which PM Modi is purportedly seen calling Mehul Choksi as “Mehul Bhai”.

First Published: Tuesday, March 06, 2018 05:56 PM
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