Supreme Court advocate Ishkaran Singh Bhandari has alleged that recent reports by foreign media targeting the Adani Group are part of a deliberate campaign to undermine India’s private industrial development and economic momentum.
Speaking to IANS, Bhandari said that such narratives are neither new nor accidental, but part of a recurring effort to malign key Indian enterprises.
“For years, the Adani conglomerate has been repeatedly targeted. These are the same companies that form India’s economic backbone — managing ports, airports, and renewable energy projects,” he said. “Foreign interests do not want Indian enterprises to gain strength and recognition in these strategic sectors,” he added.
Echoes of the Hindenburg Controversy
Recalling the earlier allegations raised by Hindenburg Research, Bhandari emphasised that both the Supreme Court-monitored probe and the special committee review found no evidence of any wrongdoing.
“Yet, the narrative persists for ulterior motives,” he remarked, describing it as a long-running international conspiracy designed to damage India’s credibility.
He pointed to global financiers such as George Soros, who, according to him, have publicly tied Adani-related controversies to political developments in India.
“People who don’t even live in India are trying to influence our economic stability,” Bhandari said, asserting that such interventions amount to economic interference.
Bhandari dismissed recent reports as ‘fit for the dustbin’, saying that raising them in Parliament or during election debates only furthers an ‘anti-India purpose’.
He argued that questioning domestic investors while turning a blind eye to foreign profiteering exposes double standards.
Defending Life Insurance Corporation’s (LIC) investment in Adani Ports, he stated, “If an American company can profit from investing in Mumbai Airport, why can’t LIC invest in Adani Ports? There is nothing questionable about it.”
He explained that LIC’s investment processes are transparent, multi-layered, and designed to support Indian enterprises in line with its mandate.
Protecting India’s Economic Narrative
Bhandari emphasised that India has emerged as the world’s fourth-largest economy and must guard against attempts to distort its success story.
“Those trying to weaken LIC’s profitability under the guise of transparency are, in fact, seeking to undermine India’s growth story,” he asserted.
He urged citizens and policymakers to stand united against what he termed as ‘agenda-driven foreign propaganda’ aimed at shaking confidence in India’s private sector.
“These baseless reports aim to undermine confidence in our economic progress and must be rejected with clarity and conviction,” Bhandari asserted.
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