NEW DELHI – Prime Minister Narendra Modi made unsubstantiated allegations that India’s main opposition party received illegal cash from billionaires Mukesh Ambani and Gautam Adani, escalating his rhetoric in the middle of a heated election battle.
Both Mr Ambani and Mr Adani have widespread business interests in the country that align with the government’s policy agenda. Mr Modi, who is seeking a third term in elections that run until June 1, rarely mentions the billionaires names in his speeches. Mr Jairam Ramesh, the party’s national spokesman, said the billionaires have benefited from Mr Modi’s policies and the opposition will continue to push for investigations into the Prime Minister’s links to the businessmen.Representatives for Mr Ambani’s Reliance Industries and Adani Group were not available to comment when contacted by Bloomberg News.
Only a small percentage is declared publicly, according to election watchdogs, with the vast amount unaccounted for and labelled black money.
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