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Friday, March 29 2024
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OMG! Adani owes eight times more than Mallya to banks

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New Delhi: Even as the Liquor Baron Vijay Mallya’s debts have been the most ebated topic, in an interesting turn of event, it appears that the Gautam Adani owned Adani Group owes over Rs 72,000 cr to banks.

Pawan Verma, Member of JD(S) while speaking on issues of croporate houses owing money to banks in Rajya Sabha, on Thursday revealed that Adani Group’s debts stand at Rs 72,000 cr, making it almost eight times the debts of King of Good Times.

Corporate houses owe about Rs 5 lakh crore to PSU banks, the JD(U) member said, particularly referring to the Adani Group, further adding that PSU banks are influenced to give loan to the people who are not able to repay them.

He said that of the Rs 5 lakh crore that the corporate houses owe, Rs 1.4 lac crore are owed by just five companies- Lanco, GVK, Suzlon Energy, Hindustan Construction Company and a certain company called the Adani Group and Adani Power.

The amount owed by this group “called the Adani Group” both in terms of its long term and short term debt today is around Rs 72,000 crore, Verma is quoted in reports.

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