Rs 72000 of Adani's fortune required to pay NPAs of PSBs.

Subramanian Swamy is at it again. This time around, Indian politics enfant terrible has trained his guns on industrialist Gautam Adani, perceived by many Modi baiters as being close to the PM. "The biggest NPA (Non-Performing Assets) trapeze artiste in PSUs (Public Sector Banks is probably what he meant) is Gautam Adani. It is time he is made accountable or a PIL is inevitable," Swamy tweeted on early Tuesday morning. Adani runs India's largest private port the Mundra Port and has interests in Power Generation, Transmission, coal trading, mining, oil and gas among other areas. According to the Harun Global Rich List 2018 published a few days ago, the 55-year-old business tycoon's wealth doubled in the last one year to US $ 14 billion (over Rs 91000 crore). It is another chapter in the meteoric rise of Ahmedabad's richest man, whose wealth stood at US $ 1.9 billion, when Narendra Modi was named the Bharatiya Janata Party's (BJP) Prime Minister Candidate in September 2013. Adani's stock more than tripled in value by the time Modi became the Prime Minister in 2014 when Adani was valued at $6 million. The last three years had seen Adani add only $ 1 billion in value to that fortune, but 2017-2018 has, if we are to go by the Harun Rich List, fuelled another surge. Swamy though refuses to be impressed by all this and says he has information that makes him believe that almost US $ 12 billion (Rs 72000 Crore needs to go to pay NPA's of PSB's. Ref. : http://www.sify.com/finance/subramanian-swamy-drops-rs-72000-crore-bombshell-on-gautam-adani-news-corporate-sdgmBfcbbhife.html -- Dated: Mar'06,2018.