Revanth Reddy, the
chief minister of
telangana, organized a demonstration with his ministers and other officials of the
congress party, calling for the resignation of the SEBI
director due to her purported connections to
gautam Adani. According to the Hindenburg research, Madhabi Puri-Buch, the chairperson of SEBI, has connections to the
adani Group. The Joint Parliamentary Committee (JPC) was asked to look into these allegations by the All-India
congress Committee.
The
congress party insisted that Adani's rise in illicit assets be looked into by the JPC and that Madhabi Puri-Bach be promptly removed from her post. As a result of the AICC's appeal, representatives of the
telangana congress also organized rallies in
hyderabad and called for Adani's resignation.
revanth reddy did, however, accept
telangana investments from the
adani Group at his Davos Group earlier this year. Subsequently, the
adani Group and the
telangana government reached another agreement on the bill collection for power. The old city
district of
hyderabad has been selected as the deal's pilot location.
Revanth and his
telangana administration said nothing in response to the Hindenburg Report's allegations that the SEBI chairman was involved in the
adani scandal. However, the
telangana congress backed AICC
rahul gandhi and other national
congress leaders in denouncing
adani, which sparked protests throughout the state. BRS leaders started claiming that
revanth had no position at all on the matter after seeing this entire scenario.
Revanth was referred to as a hypocrite by BRS working president KT Rama Rao, who used the expression "Galli Mein Dosti, Dilli Mein Kusti." Through his investments from
adani and his opposition to the same corporation,
revanth has unintentionally made himself vulnerable to harsh criticism and trolling from the BRS.