Adarsh Credit Cooperative scam: Rajasthan Opposition alleges legal conflict of interest

Rajasthan Assembly Opposition leader Tika Ram Jully alleges the BJP-led state government is mishandling the Adarsh Credit Cooperative scam cases. He questions whether Additional Advocate General Shivmangal Sharma’s law firm can represent the state in the Supreme Court while also appearing for a co-accused in the Delhi High Court, and calls for a high-level probe.

Rajasthan Assembly Opposition leader Tika Ram Jully alleged that the BJP-led state government was using "double standards\" with Adarsh Credit Cooperative Society scam victims. Jully said investors had already lost savings and deserved fair handling. Jully raised concerns about the state’s legal representation in court cases linked to the scam.

At a press conference on Friday, Jully questioned the role of Additional Advocate General Shivmangal Sharma. Jully claimed a conflict of interest in ongoing litigation. Jully said the same law firm was appearing for the state in the Supreme Court. Jully also said it represented a co-accused in another court case.

Adarsh Credit Cooperative Society scam and conflict of interest claim

Jully said the law firm of Sharma and others was representing the Rajasthan government in the Supreme Court matter. Jully claimed the firm was also appearing for co-accused Siddharth Chauhan. Jully said that case was connected to the scam and was in the Delhi High Court. Jully said this situation raised doubts about impartiality.

Jully cited Bar Council of India rules on advocates handling competing interests. Jully argued this could mislead people who invested in the cooperative society. Jully said the alleged overlap made fairness hard to assure. Jully also asked whether the state government knew about the alleged conflict when engaging the counsel.

Adarsh Credit Cooperative Society scam victims and demand for probe

Jully demanded a high-level probe into the issue. Jully said, \"Appointing such a counsel amounted to betrayal of the victims.\" Jully also said, \"I want to ask the government whether action will be taken against the lawyer for professional misconduct,\" and sought clarity on possible steps by the government.

Jully said Adarsh Credit Cooperative Society was founded in 1999 by Mukesh Modi and family. Jully alleged the group duped around 22 lakh people. Jully said the amount involved was nearly Rs 15,000 crore. Jully said the alleged cheating occurred between 2010 and 2014.

Adarsh Credit Cooperative Society scam investigation and case details

Jully referred to probe findings on fund movement in the case. Jully said money was routed through about 125 shell companies. Jully said the aim was to benefit the promoters and associates. Jully linked these findings to the wider investor losses reported in the cooperative society scam.

Jully said an FIR was filed by the special operations group SOG in 2018. Jully said arrests followed after the case was registered. Jully also said cases were lodged in Gurugram and Delhi. Jully maintained that the court handling and legal roles needed scrutiny alongside the investigation.

With inputs from PTI