Tuesday, November 26, 2024

The Adani Mega Scam: A Brief Summary

Don't get brainwashed by the propaganda around the recent US indictment of Adani and his accomplices. Just go through the following facts:

1) Adani was first arrested for fraud in 2002 by the Delhi govt directly under Vajpayee, a Non-Soros influenced, non-deepstate BJP Prime Minister.

2) The over-invoicing and over-pricing scams of Adani on equipment, coal, etc through global proxies and coercion tactics of Modi Sarkar make Indian consumers pay huge power bills due to inflated costs of acquisition.

3) The govt sets agencies like ED, IT, and CBI to target dozens of Indian businesses which result in the ownership of these businesses ending up in Adani's hands.

4) There is a set pattern and strong correlation between Modi's visits to multiple nations and Adani getting huge contracts by these governments a few weeks later.

5) Adani has got large amounts of land and infrastructure at throwaway prices by governments all over the country. Even the manner in which he got the Dharavi project in Mumbai has raised eyebrows.

6) Hindenburg, a US short seller revealed nearly 2 years ago that Adani group was indulging in financial malpractices and large-scale stock manipulation through a global structure of shell entities based in Mauritius, Singapore and other countries.

7) SEBI claimed to draw a blank in investigating Hindenburg's allegations despite strong evidence and money trails provided by international entities. Later, it was found that the SEBI chief herself was involved with the fraudulent Adani shell network and  that she may have been derailing the investigation.

8) Not a single Indian investigation agency such as ED, IT, SEBI, CBI and the Lokpal are likely to investigate further into the Adani scam despite the large-scale evidence being shared by Hindenburg, the US courts,  and stock market regulator, and internationally reputed journalists.

9) Whenever top Indian politicians like Mahua Moitra, Rahul Gandhi and Sanjay Singh of different political parties first raised their voices against the Adani scam, they were immediately slapped with serious legal charges (and even faced lengthy jail terms) on different issues raised by the BJP, almost as if they were being blackmailed into silence.

10) The US indictment is about serious allegations of corruption by government officials and possibly ministers in Andhra Pradesh, Tamil Nadu, Orissa, Chattisgarh, and J&K, but the central and state governments, courts, investigation agencies and sold out mainstream media are still sleeping and complicit in this crony capitalistic mega fraud.

11) The indictment of Adani in the US for fraud and misrepresentation to investors is based on the evidence of fraud provided by multiple whistleblowers who are/were insiders within Adani's own business network.

12) Ajit Pawar, a partner of Modi's BJP government in Maharashtra has claimed that Adani, an Indian businessman was present at a political discussion to decide government formation in the state along with other BJP leaders and representatives of their political allies.

The fact is that for the past few decades none of the above agencies have ever completed a thorough investigation into the list of wrong-doings of the conglomerate, the individual and his crony capitalistic dealings with political masters. The facts are often drowned in misplaced patriotism and nefarious spin doctoring.


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