Jump to content

Modi is not india , Adani is not indian economy


Mirzapur_kattappa

Recommended Posts

24 minutes ago, Mirzapur_kattappa said:

This is height of censorship..no political debate because this happene in bjp ruled state..

Fake nationalists my foot .

🦶

Censorship vunte, how did i post articles from websites. Don't always bring out your foot, it can end in your mouth as well.

And besides, if this had run a long time like shaheen bagh or farmer protests then it would be debated, not when Devendra Fadnavis met with the unions and pretty much clarified the govt stance and accepted demands for contractual employees and the employees withdrew their strike.

At any given point of time there are many agitations running across the country, the ideological leaning, size and the nature/importance of it will decide the coverage in the media.

1. There was lathi charge on graduates/youth who cleared exam and were waiting to become teachers in Bihar - no coverage.

2. There was lathi charge on farmers in Punjab towards the end of last year by AAP govt, no coverage.

3. There have been protests against Rajasthan govt on employment issues, no coverage

if you search hard you will find protests in telugu states that will not find coverage but just a mention.

Link to comment
Share on other sites

The Hindenburg Research report on the Adani empire makes for riveting reading, albeit takes about an hour at least. While my friends have shared the report, very few seem to have read/understood the implications. I am no stock exchange person but was able to logically distil some facts from this voluminous report as follow:

1. Adani is no different from a small family-owned business. While Gautam bhai is the ultimate arbiter, his family moonlights as outsourced agents. The longer your criminal history, particularly criss-crossing the globe, the faster are promotion prospects in this group - Chinese or Gujarati swindlers do not matter for they make excellent partners in bed.

2. The modus operandi is not to difficult to understand. Take an initial borrowed corpus from a willing lender like SBI and then rotate it among group companies, via LLPs and a network of shadowy private companies. Then shift these funds from company to company pushing up the cash balance of each at different time (with the same financial year), pushing up stock prices and then seeking more borrowings, particularly from SBI and other institutional investors. 

3. As for group incomes, these too are siphoned into the network of private companies, and reinvested in listed group companies, yet again to shore tattered P&L accounts, mired in debt. (2) above + incomes together dress the P&L account and create an illusion of well-being of this group in the mind of an investor. In turn, that helps in mopping funds from investors and banks without ever having to think of debt default. In other words, this is a giant Ponzi scheme, in which you rob Peter to pay Paul.

4. As for auditors for this enterprise, these are no different from articled clerks at 23-24 years of age. Getting a true and fair view from these fellows is a breeze. How very thoughtful!!

5. How does this Ponzi operate? Say, Adani Enterprises borrows $100 million from SBI. It then takes it on its own balance sheet. Then it redistributes the 'surplus' to either group companies or its network of dubious companies. The proceeds are held in relatively small denominations (say, $10-15 million) and act as a reserve pool for transfer whenever a group entity needs infusion to boost its cash balance and stock price without exciting any suspicion from enforcement agencies in India or overseas.

6. It is not difficult to launder proceeds of crime in this process. Generating fictitious invoices, over for export and under for import is a breeze in the overseas jurisdictions where the network is located; the physical existence of saleable output is not even a must. Even if GOI agencies catch up with Adani, the latter's Patron Saint ensures that investigations come to naught. It is from these slush funds that election campaigns are paid by the ruling party.

7. As for the network companies, the less said the better. Nearly all have no web sites (the few that do use terms that are delightful nothing), offices, personnel, yet fork out billion dollar loans to Adani entities. That is why there is unified command of Gautam bhai's older brother.

8. Why is the group the favourite child of SBI and sundry other PSBs? That is because there are the only ones that will loan unlimited funds upon the security of shares that are worse than a untamed horse. No sarkari banker dares look in detail at the balance sheets and P&L accounts for assets and their true valuation, lest they lose their jobs, even sent to jail on trumped charges. The end result is that a large part of this group's debt of almost INR 4 lakh crore has little or no asset base; the valuation of assets is but a chimera. Today, when Adani stocks have taken a Rs. 46000 crore hit, there is no sarkari bank that will ask this group to cough up margin money of 50%, lest the truth stumble out and public hits the street causing a run on SBI or any other PSB.

9. What is even more intriguing is that the Dept. of Financial Services, MoF or GOI that superintends all PSBs (including appointing their CAs, approving their annual accounts and appointing all Directors & CMD/CEO) does not discharge its duties, particularly when the banking acts preclude any audit by the National Auditor (CAG). With the sovereign power of the GOI behind it, this Dept. has never directed a special audit of any PSB that would have brought Adani loan terms & conditions under the scanner. Should the FM not be asked to answer in Parliament?

10. Finally, it is common knowledge that stock brokers trade shares and keep a healthy margin on the sale of each share. Higher the share value, greater their commission; of course, a part goes for political funding as well as quid pro quo for questions not being asked by regulators. Why else do you think a mega operator like Ketan Mehta, despite being barred from trading by SEBI for 14 years, continues to ply his Indian business from comfy London while retaining his old clients (like Adani) using proxies? Are brokers the only ones that earn a handsome commission? The answer is an emphatic no. Loan sanctioning officers in PSBs are no less but they must part with the larger part to their political masters as slush funds. The whole trade reeks of rent-seeking of mind-boggling figures, yet no corrective action is ever taken, across political regimes.

Link to comment
Share on other sites

  • 1 month later...

Girls Sanjay vaadu oka statement vadiladu ..Kavita ni arrest chesthe telangana pina attack ela ani.

Terrosit muuudi gaandu pina vaadi terrorist activities gurtuchesthe ..india pina ela attack avtudhi ra gutka ga

Link to comment
Share on other sites

On 1/25/2023 at 10:15 AM, Mirzapur_kattappa said:

Bbc documentary won't destroy india's image..it destroys political image of actor modi.

Hiednberg reports don't destroy Indian economy..it will reveal and expose how Adani is destroying core infrastructure of india's integral coal and energy sectors at his benefits.

Bhakts stop using fake patriotism and fake love for india to build their terrorist radical rss ideologies of actor modi and serial murderer amit shaw 

It's been 2 years that this Adani guy was first exposed and how modi tamed sebi let him money launder to his suitcase companies via mauritus and cayman islands 

 

main-qimg-f80dedd8ecf135540ab8a77b8fc5e5

and turaks are not minorities ani kooda antunnaar

Link to comment
Share on other sites

31 minutes ago, Mirzapur_kattappa said:

Girls Sanjay vaadu oka statement vadiladu ..Kavita ni arrest chesthe telangana pina attack ela ani.

Terrosit muuudi gaandu pina vaadi terrorist activities gurtuchesthe ..india pina ela attack avtudhi ra gutka ga

kavita arrest ayinappati nundi enduku intha disturbed gaa kanipisthunnaaav? 

she is just an MLC who could not win a MP seat

Link to comment
Share on other sites

On 3/11/2023 at 1:56 AM, kingcasanova said:

kavita arrest ayinappati nundi enduku intha disturbed gaa kanipisthunnaaav? 

she is just an MLC who could not win a MP seat

Kavithakka ni tihar jail kakapothe Andaman jail lo veyyandi ..no farak naaku.. but Kavita alka kante mindu.. aa Adani money laundering gadini bokka lo veyyandi..same jail

Link to comment
Share on other sites

On 1/25/2023 at 8:47 PM, JackSeal said:

The Hindenburg Research report on the Adani empire makes for riveting reading, albeit takes about an hour at least. While my friends have shared the report, very few seem to have read/understood the implications. I am no stock exchange person but was able to logically distil some facts from this voluminous report as follow:

1. Adani is no different from a small family-owned business. While Gautam bhai is the ultimate arbiter, his family moonlights as outsourced agents. The longer your criminal history, particularly criss-crossing the globe, the faster are promotion prospects in this group - Chinese or Gujarati swindlers do not matter for they make excellent partners in bed.

2. The modus operandi is not to difficult to understand. Take an initial borrowed corpus from a willing lender like SBI and then rotate it among group companies, via LLPs and a network of shadowy private companies. Then shift these funds from company to company pushing up the cash balance of each at different time (with the same financial year), pushing up stock prices and then seeking more borrowings, particularly from SBI and other institutional investors. 

3. As for group incomes, these too are siphoned into the network of private companies, and reinvested in listed group companies, yet again to shore tattered P&L accounts, mired in debt. (2) above + incomes together dress the P&L account and create an illusion of well-being of this group in the mind of an investor. In turn, that helps in mopping funds from investors and banks without ever having to think of debt default. In other words, this is a giant Ponzi scheme, in which you rob Peter to pay Paul.

4. As for auditors for this enterprise, these are no different from articled clerks at 23-24 years of age. Getting a true and fair view from these fellows is a breeze. How very thoughtful!!

5. How does this Ponzi operate? Say, Adani Enterprises borrows $100 million from SBI. It then takes it on its own balance sheet. Then it redistributes the 'surplus' to either group companies or its network of dubious companies. The proceeds are held in relatively small denominations (say, $10-15 million) and act as a reserve pool for transfer whenever a group entity needs infusion to boost its cash balance and stock price without exciting any suspicion from enforcement agencies in India or overseas.

6. It is not difficult to launder proceeds of crime in this process. Generating fictitious invoices, over for export and under for import is a breeze in the overseas jurisdictions where the network is located; the physical existence of saleable output is not even a must. Even if GOI agencies catch up with Adani, the latter's Patron Saint ensures that investigations come to naught. It is from these slush funds that election campaigns are paid by the ruling party.

7. As for the network companies, the less said the better. Nearly all have no web sites (the few that do use terms that are delightful nothing), offices, personnel, yet fork out billion dollar loans to Adani entities. That is why there is unified command of Gautam bhai's older brother.

8. Why is the group the favourite child of SBI and sundry other PSBs? That is because there are the only ones that will loan unlimited funds upon the security of shares that are worse than a untamed horse. No sarkari banker dares look in detail at the balance sheets and P&L accounts for assets and their true valuation, lest they lose their jobs, even sent to jail on trumped charges. The end result is that a large part of this group's debt of almost INR 4 lakh crore has little or no asset base; the valuation of assets is but a chimera. Today, when Adani stocks have taken a Rs. 46000 crore hit, there is no sarkari bank that will ask this group to cough up margin money of 50%, lest the truth stumble out and public hits the street causing a run on SBI or any other PSB.

9. What is even more intriguing is that the Dept. of Financial Services, MoF or GOI that superintends all PSBs (including appointing their CAs, approving their annual accounts and appointing all Directors & CMD/CEO) does not discharge its duties, particularly when the banking acts preclude any audit by the National Auditor (CAG). With the sovereign power of the GOI behind it, this Dept. has never directed a special audit of any PSB that would have brought Adani loan terms & conditions under the scanner. Should the FM not be asked to answer in Parliament?

10. Finally, it is common knowledge that stock brokers trade shares and keep a healthy margin on the sale of each share. Higher the share value, greater their commission; of course, a part goes for political funding as well as quid pro quo for questions not being asked by regulators. Why else do you think a mega operator like Ketan Mehta, despite being barred from trading by SEBI for 14 years, continues to ply his Indian business from comfy London while retaining his old clients (like Adani) using proxies? Are brokers the only ones that earn a handsome commission? The answer is an emphatic no. Loan sanctioning officers in PSBs are no less but they must part with the larger part to their political masters as slush funds. The whole trade reeks of rent-seeking of mind-boggling figures, yet no corrective action is ever taken, across political regimes.

how is he able to finish all the projects??

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...