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Adani issue: ‘Not a threat to national security now?’

Why a dubious foreign entity is given control of strategic defence equipment, Cong asks govt

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Security personnel deployed during a march of Opposition MPs from Parliament House to ED office to submit a complaint over the Adani issue, in New Delhi, on Wednesday. Pic/PTI

Security personnel deployed during a march of Opposition MPs from Parliament House to ED office to submit a complaint over the Adani issue, in New Delhi, on Wednesday. Pic/PTI

Several Opposition leaders, including former Congress chief Rahul Gandhi, on Wednesday attacked the government over a media report stating that a key Adani Group investor is also the co-owner in a defence firm of the conglomerate.

A report in The Indian Express stated that ELARA India Opportunities Fund (Elara IOF), a venture capital fund managed by global firm Elara Capital, is one of the top four entities registered in Mauritius that holds shares predominantly in Adani Group companies. According to the report, records show that along with the Adani Group, it is a promoter entity in a defence company, Bengaluru-based Alpha Design Technologies Private Limited.

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