Thread by @VenkatBandari3, Friends here is my thread on Adani and his works.."When Modi took [...]

Friends here is my thread on Adani and his works..

"When Modi took office, he flew from Gujarat to the capital New Delhi in Mr Adani’s private jet — an open display of friendship that symbolised their concurrent rise to power @KTRTRS https://www.ft.com/content/474706d6-1243-4f1e-b365-891d4c5d528b

‘Modi’s Rockefeller’: Gautam Adani and the concentration of power in India

Critics say his rise is symbolic of a system where too much power is in the hands of too few

https://www.ft.com/content/474706d6-1243-4f1e-b365-891d4c5d528b

Records show details of several wire transfers totaling $14.46 million being received by the #Adani firm from this Seychelles entity.
FinCEN Files — In alert on shell firms, NY bank flags transfers to Adani from Seychelles https://indianexpress.com/article/express-exclusive/fincen-files-in-alert-on-shell-firms-ny-bank-flags-transfers-to-adani-from-seychelles-6605352/

FinCEN Files — In alert on shell firms, NY bank flags transfers to Adani from Seychelles

Records show details of several wire transfers totaling $14.46 million being received by the Adani firm from this Seychelles entity.

https://indianexpress.com/article/express-exclusive/fincen-files-in-alert-on-shell-firms-ny-bank-flags-transfers-to-adani-from-seychelles-6605352/

Not only does the Adani group borrow directly from banks, it also uses a part of that money to buy equity in subsidiaries – and then pledges those shares to raise further borrowings https://scroll.in/article/923095/from-2014-to-2019-how-the-adani-groups-footprint-expanded-across-india

From 2014 to 2019: How the Adani Group’s footprint expanded across India

Not only is the conglomerate growing at a time when other infrastructure companies are shedding assets, it is growing despite relatively small profits.

https://scroll.in/article/923095/from-2014-to-2019-how-the-adani-groups-footprint-expanded-across-india

In Dec 2018, the Gujarat govt passed an order allowing an Adani thermal power project to charge higher prices for electricity, despite the Supreme Court ruling against this in 2017

No contempt of Court? https://scroll.in/article/915109/adani-power-project-was-on-the-brink-of-bankruptcy-but-the-bjp-government-in-gujarat-saved-it

Adani power project was on the brink of bankruptcy – but the BJP government in Gujarat saved it

Even the Union government was complicit in a decision that will result in consumers in the state paying higher electricity prices.

https://scroll.in/article/915109/adani-power-project-was-on-the-brink-of-bankruptcy-but-the-bjp-government-in-gujarat-saved-it

Winsome’s Jatin Mehta and Raghuram Rajan’s 2015 list of frauds to PMO: https://www.firstpost.com/business/winsomes-jatin-mehta-and-raghuram-rajans-2015-list-of-frauds-to-pmo-more-questions-come-up-5742821.html

Winsome’s Jatin Mehta and Raghuram Rajan’s 2015 list of frauds to PMO: More questions come up -...

Fraudsters have contributed to a significant chunk of the bad assets of banks, mainly the state-run ones which constitute 70 percent of the assets of Indian banking system.

https://www.firstpost.com/business/winsomes-jatin-mehta-and-raghuram-rajans-2015-list-of-frauds-to-pmo-more-questions-come-up-5742821.html

Here another exciting news why Adani's kin Jatin Mehta gave up Indian citizenship for a tax haven http://catchnews.com/india-news/why-adani-s-kin-jatin-mehta-gave-up-indian-citizenship-for-a-tax-haven-1464886581.html

Why Adani's kin Jatin Mehta gave up Indian citizenship for a tax haven

Adani's kin Jatin Mehta accumulated defaults of Rs 6,700 crore and is now citizen of a tax haven

http://catchnews.com/india-news/why-adani-s-kin-jatin-mehta-gave-up-indian-citizenship-for-a-tax-haven-1464886581.html

Did any godi media made noise about this? 50,000 cr over-invoicing scam? https://thewire.in/business/power-tariff-scam-gets-bigger-at-rs-50000-crore

Power Tariff Scam Gets Bigger at Rs. 50,000 Crore as Allegations of Equipment Over-Invoicing Emerge

Electricity generating companies are now seeking 'illicit gains' by demanding compensatory tariffs from regulators, investigators allege.

https://thewire.in/business/power-tariff-scam-gets-bigger-at-rs-50000-crore

Inflating imports: DRI Adjudicating Authority drops second case against Adani
Oct 2017

https://indianexpress.com/article/business/companies/inflating-imports-dri-drops-second-case-against-adani-4909999/

Inflating imports: DRI Adjudicating Authority drops second case against Adani

With the latest 293-page adjudication order, the two show-cause notices issued by the DRI in 2014 for alleged over-valuation of imports by Adani Group firms to the tune of Rs 5,467 crore have been...

https://indianexpress.com/article/business/companies/inflating-imports-dri-drops-second-case-against-adani-4909999/

DRI authority’s clean chit to Adani firms is illegal: Customs appeal
Feb 2018

https://indianexpress.com/article/india/gautam-adani-dri-authoritys-clean-chit-to-firms-is-illegal-customs-appeal-5060183/

DRI authority’s clean chit to Adani firms is illegal: Customs appeal

DRI’s adjudicating authority, K V S Singh, dropped all charges filed by the agency against Adani Power Maharashtra Ltd and Adani Power Rajasthan Ltd for allegedly inflating the value of the goods...

https://indianexpress.com/article/india/gautam-adani-dri-authoritys-clean-chit-to-firms-is-illegal-customs-appeal-5060183/

The Adani Group reaps benefits worth thousands of crores of rupees as the coal scam continues under the Modi government

Mar 2018 https://caravanmagazine.in/reportage/coalgate-2-0

The Adani Group reaps benefits worth thousands of crores of rupees as the coal scam continues under...

A joint venture between a Rajasthan power corporation and the Adani Groupis in contempt of a 2014 Supreme Court verdict and in breach of later laws—and stands to receive undue gains of Rs 6,000 crore...

https://caravanmagazine.in/reportage/coalgate-2-0

Adani Group Accused of Evading ₹1,000 Crore Taxes in Diamond Trade.. Wah modi ji wah

Dec 2016 https://www.epw.in/journal/2016/53/web-exclusives/adani-group-accused-evading-1000-crore-taxes-diamond-trade.html

Adani Group Accused of Evading ₹1,000 Crore Taxes in Diamond Trade

The authors would like to clarify that the first paragraph in the “Conclusions” section (p 40) should have read as follows: “The DRI filed an appeal against the CESTAT order in the Supreme Court on 6

https://www.epw.in/journal/2016/53/web-exclusives/adani-group-accused-evading-1000-crore-taxes-diamond-trade.html

First there's the power plants--Adani and Tata. Then there are the mining operations. All the hot water goes into the sea. So at Kutch border, the fishermen are not getting fish anymore..

April 2019 https://www.indiaspend.com/drought-hit-gujarat-has-water-for-factories-but-not-for-farmers/

Drought-Hit Gujarat Has Water For Factories, But Not For Farmers

Ahmedabad and Kutch: Bhavanbhai Patel stood facing his farm, as dry and cracked as his farming hands. The 65-year-old farmer lives in Dayapur village in Lakhpat taluka of southern Kutch, which has...

https://www.indiaspend.com/drought-hit-gujarat-has-water-for-factories-but-not-for-farmers/

In its affidavit to the Supreme Court, the SBI said Adani Power in Mundra owes them Rs 19,127 crore and Essar Power Gujarat Ltd owes Rs 4,214 crore and Tata Group’s Costal Gujarat Power Ltd owes Rs 10,159 crore to them

https://www.dailypioneer.com/2018/page1/sbi-to-take-big-haircut-from-ailing-power-firms----loans-.html

SBI to take big haircut from ailing power firms’ loans?

In a bid to save the ailing power companies, the State Bank of India (SBI) has approached the Supreme Court looking into the implementation of recommendation of a committee which suggested a tariff...

https://www.dailypioneer.com/2018/page1/sbi-to-take-big-haircut-from-ailing-power-firms----loans-.html

Now here the big question is 7,410 : Jharkhand amended energy policy to buy power from Adani at higher price https://scroll.in/article/881928/rs-7410-crore-question-jharkhand-amends-energy-policy-to-buy-power-from-adani-at-higher-price

Rs 7,410-crore question: Jharkhand amended energy policy to buy power from Adani at higher price

A government audit said the ‘preferential treatment’ could result in ‘undue benefits’ to the company.

https://scroll.in/article/881928/rs-7410-crore-question-jharkhand-amends-energy-policy-to-buy-power-from-adani-at-higher-price

DRI investigation into Adani Group coal import cases halted
Sept 2018 https://indianexpress.com/article/business/companies/dri-investigation-into-adani-group-coal-import-cases-halted-5365411/

DRI investigation into Adani Group coal import cases halted

So far, the DRI has issued 14 LRs to multiple foreign jurisdictions seeking information in the alleged over-valuation of imports of Indonesian coal.

https://indianexpress.com/article/business/companies/dri-investigation-into-adani-group-coal-import-cases-halted-5365411/

Should we also blame Dr.Rajan for 5/25 scheme due to which Rs. 15,000 crore worth loans of Adani Power Mahrashtra & Adani Power Rajasthan, were refinanced

https://www.newsclick.in/you-also-share-blame-npa-mess-mr-modi

You Also Share the Blame for the NPA Mess Mr. Modi! | NewsClick

Clearly, Mr. Modi who accused the UPA government of having forced the banks to give loans to select corporates, is following the same route and bestowing his benevolence on the same select corporates.

https://www.newsclick.in/you-also-share-blame-npa-mess-mr-modi

TN solarpower project: Adani seeks to gag its lawyer after he claims ‘violations

https://indianexpress.com/article/india/india-news-india/tn-solar-power-project-adani-seeks-to-gag-its-lawyer-after-he-claims-violations/

TN solar power project: Adani seeks to gag its lawyer after he claims ‘violations’

According to Adani’s petition, Manoharan was engaged to verify the title deeds of the land to be purchased in and around Kamudhi for the solar project.

https://indianexpress.com/article/india/india-news-india/tn-solar-power-project-adani-seeks-to-gag-its-lawyer-after-he-claims-violations/

SIT, CBI to look into Adani Group case.. But we know now its jumla by modi sir

Jul 2014 https://indianexpress.com/article/business/companies/sit-cbi-to-look-into-adani-group-case/

SIT, CBI to look into Adani Group case

Faces probe for over-invoicing

https://indianexpress.com/article/business/companies/sit-cbi-to-look-into-adani-group-case/

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