Rahul Gandhi takes dig at PM Modi on Norway pension fund dropping Adani shares from portfolio

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In February this year, the $1.2 trillion sovereign wealthiness  fund, the world’s largest, decided to exclude Adani Green Energy Ltd. (AGEL) from its portfolio owed  to interest  astir  its alleged links to fiscal  crime. File

In February this year, the $1.2 trillion sovereign wealthiness fund, the world’s largest, decided to exclude Adani Green Energy Ltd. (AGEL) from its portfolio owed to interest astir its alleged links to fiscal crime. File | Photo Credit: Reuters

Congress person Rahul Gandhi connected Tuesday (May 19, 2026) took a swipe astatine Prime Minister Narendra Modi, asking if Norway agreed to his "personal request" to region Adani from the pension money achromatic list.

Mr. Gandhi posed his query aft Norway's sovereign wealthiness money dropped Adani Green from its portfolio successful February. "We get precise bully accusation these days. Modi ji, did Norway hold to your idiosyncratic petition to region Adani from their pension money achromatic list?" Mr. Gandhi said successful a station connected X.

We get precise bully accusation these days.

Modi ji, did Norway hold to your idiosyncratic petition to region Adani from their pension money achromatic list? pic.twitter.com/UK9PKD514r

— Rahul Gandhi (@RahulGandhi) May 19, 2026

He utilized a representation of quality reports: 1 from February 27 saying, "Norway's sovereign wealthiness money drops Adani Green Energy from its portfolio" and different from May 18 saying "PM Modi begins historical Norway sojourn - the archetypal by an Indian Prime Minister successful 43 years".

In February this year, the $1.2 trillion sovereign wealthiness fund, the world's largest, decided to exclude Adani Green Energy Ltd. (AGEL) from its portfolio owed to interest astir its alleged links to fiscal crime.

Norges Bank, which had successful May 2024 excluded Adani Ports and Special Economic Zone Limited, connected its website added AGEL to the database of companies that it has decided to exclude from its portfolio. It cited "gross corruption oregon different superior fiscal crime" arsenic the criterion for its determination but gave nary explanation.

When Norges Bank archetypal bought AGEL shares successful July 2020, the stock terms was ₹341 and connected February 27 it was ₹944. While AGEL did not instantly connection immoderate comments, manufacture officials said a fossil fuel-funded sovereign money was trying to make a communicative against a renewable vigor company.

Published - May 19, 2026 05:22 p.m. IST

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