New Delhi, Oct 28 (NationPress) Supreme Court attorney Ishkaran Singh Bhandari has remarked that the recent allegations made by foreign media against the Adani Group are part of a broader, coordinated campaign aimed at undermining India's economic progress and private sector growth.

In an interview with IANS, Bhandari pointed out that this is not the first instance of such efforts to tarnish the Adani Group's reputation.

“For years, the Adani conglomerate has been consistently targeted. These entities are integral to India's economic foundation, operating in vital sectors such as ports, airports, and energy,” he stated.

“Foreign interests do not wish for Indian companies to gain strength and global recognition in these strategic fields,” he added.

Bhandari recalled that the Adani Group had previously faced similar accusations from Hindenburg Research (which has since been disbanded), which prompted a Supreme Court-monitored inquiry.

“Despite the investigation and the establishment of a special committee, no evidence of malfeasance was found. Yet, the narrative persists for ulterior motives,” Bhandari emphasized.

Labeling this campaign as a longstanding international conspiracy, he cited global financiers like George Soros, who, according to him, have directly linked controversies surrounding Adani to political repercussions in India.

“Individuals who do not even reside in India are attempting to interfere with our economic stability,” he remarked.

Bhandari dismissed such claims as “fit for the dustbin,” asserting that raising these issues in Parliament or during electoral discussions serves an “anti-India agenda.”

Defending LIC’s investment in Adani Ports, he stated, “If an American firm can profit from investing in Mumbai Airport, why can't LIC invest in Adani Ports? There is nothing questionable about that.”

“LIC’s investment processes are transparent and multifaceted. It has consistently invested in Indian entities -- that is part of its mandate,” Bhandari highlighted.

He argued that scrutinizing LIC’s investments while ignoring those of foreign investors reveals the hypocrisy behind such critiques.

“India is now the world’s fourth-largest economy. Those attempting to weaken LIC’s profitability under the guise of transparency are actually trying to undermine India’s growth narrative,” he remarked.

Bhandari called on citizens and lawmakers to reject “agenda-driven foreign narratives” that seek to erode confidence in Indian industry and private investments. “These unfounded reports are crafted to shake faith in India’s economic momentum -- and must be firmly rejected,” he concluded.