New Delhi: Surjit Singh Yadav, identifying himself as a farmer and stock investor, has filed a lawsuit in a Delhi court seeking a permanent injunction against Congress leader Rahul Gandhi and Prime Minister Narendra Modi. The suit pertains to their statements against the Adani group and its promoter, Gautam Adani.
Yadav’s plea urges the court to restrain Gandhi and PM Modi from making what he describes as false, fabricated, and misleading statements that falsely accuse the promoter of the Adani group of companies. According to Yadav, such statements cause unanticipated volatility in the listed stocks of the Adani Group, resulting in significant financial losses for him and other investors.
Allegations and Claims:
The lawsuit highlights a particular instance where Rahul Gandhi allegedly claimed that the Centre had waived loans worth Rs 16 lakh crore for a few industrialists, including Gautam Adani. Yadav argues that Gandhi’s speech was grossly misleading, designed to create confusion among the public and investors, thereby tarnishing the image of the Adani Group.
The plea asserts that these statements lead to negative sentiment and volatility in the stock market, causing substantial financial harm to investors. Yadav contends that he verified the claim about the loan waivers and found it to be false and misleading.
Furthermore, the plea references a speech by PM Narendra Modi in Karim Nagar, Telangana, where similar allegations were purportedly made. Yadav seeks a court order to prevent political leaders from making unsubstantiated and potentially damaging statements.
Reactions and Implications:
An Adani group spokesman declined to comment on the lawsuit. The suit reflects the growing sensitivity surrounding public statements made by political figures and their potential impact on financial markets and investor sentiment.
This case could set a precedent for how defamatory statements are handled in the context of stock market impacts, emphasizing the need for political accountability in statements affecting publicly traded companies and their investors.
