Decoding the Adani Scam https://youtu.be/y07OMvvSMDg?t=965 Panel Discussion two hour long
watch Segments:
Opening Remarks: Feroze Mithiborwala, Writer, Social Activist https://youtube.com/embed/y07OMvvSMDg?start=1126&end=1455 This is not just about PMs role, but it is a matter of national sovereignty when a company is sold national resources and logistics. How do activists understand this.. five stage operation.. cooking up books of accounts, manipulation in the share markets through some entities buying shares, which enables higher loans from banks , which again round trip the capital. Prior to the Hindenberg report, journalist has written about the off shore companies involved.. Role of Adani in other countries like Srilanka, Bangalesh, Israel and facilitation of this through the PMs office.
Presidential Remarks by Dr. G G Parikh. https://youtu.be/4UMYPp0JhRw The gandhian path would be to get people and youth in large numbers. Can we get back to those ways. They feel that they can keep making mistakes, and people will forget. I dont think this can continue. Slowly a situation will arise when youth will come to the streets in a big way. Naya Jamana Ayega, Humari Republic bach Jayegi.
Paranjoy Guha Thakurta, Journalist, Author https://youtube.com/embed/y07OMvvSMDg?start=1797&end=1894 the Adani group has filed six cases against him, including two gag orders, but he chose to speak as silence was no more an option.
Six Defamation cases details https://youtube.com/embed/y07OMvvSMDg?start=3653&end=4405 Story of Resignation from EPW, Gag order after story on retirement of judges. Was PGT informer for Hindenberg?
About the Adani group. Its spectacular rise & precipitous fall : https://youtube.com/embed/y07OMvvSMDg?start=1895&end=2267 “The Adani group has expanded into many areas of business for which it has taken loans from various banks and even LIC. It is too big to fail but if it slows, it can certainly have an impact on the country,”
The Uniqueness of the Adani group . Never before has a corporate group spreads to so many sectors of the economy, and is dominant of many of the sectors. https://youtube.com/embed/y07OMvvSMDg?start=2267&end=3044 The story of the different started with the SEZ in Mundra during the Congress regime. which is now the biggest SEZ, biggest container port. and a chain of 12 ports all along the coast. The core of the india's infrastructure, including food storage infrastructure and defence military grade drone., importer of coal, nine coal mines in India has been rendered to the Adani Group.
Bangladesh project issue. https://youtube.com/embed/y07OMvvSMDg?start=3044&end=3177
Dominance in gas, solar, cement media, real estate, etc https://youtube.com/embed/y07OMvvSMDg?start=3179&end=3653
Real estate: more than 300 projects.. Dharavi included https://youtube.com/embed/y07OMvvSMDg?start=3393&end=3443
Family connections https://youtube.com/embed/y07OMvvSMDg?start=3443&end=3539
Ravi Nair, Journalist, Author
Bailable warrant from Mansa station in Gujarat. what was it all about https://youtube.com/embed/y07OMvvSMDg?start=4485&end=4726 . adani in aug 2021. Court used to send summons to an old address. They collated different tweet and different articles, most of the tweets are quotes from other articles with links. So what the original article is not defamatory, but tweeting it became defamatory!
government support to the group. https://youtube.com/embed/y07OMvvSMDg?start=4726&end=5356 “Adani calls his rise mehnat (hard work), mehnat and mehnat. But it is Prime Minister Modi who has worked hard for him,” said Nair. eg Godda power project. 2 MOUs for indian companies, to establish plants in Bangadesh. After 3 months the MOU changed to Adani project to build the plant in India, and export that power. For the project they forcibly took 2,000 acre of land from farmers to help them set up a power project. . Just before the 2019 elections this Godda area has been declared as an SEZ where he enjoys many tax exemptions,” “Bangladesh is paying more price to a private company who is exporting thermal electricity to them when India is not even a power surplus country.
The story of water being drawn from the ganga. environment clearaance? https://youtube.com/embed/y07OMvvSMDg?start=5356&end=5562 Then they wanted water from the Ganga which is 90 km away, so again they forcibly took more land.
Sri Lanka Story https://youtube.com/embed/y07OMvvSMDg?start=5563&end=5826 Modi govt. forced the Lanka govt to give this project to Adani.
In 2019 - PMO decided to privatised six airports. The story behind Mumbai airport. https://youtube.com/embed/y07OMvvSMDg?start=5827&end=6383 -
Offshore investments & SEBI investigations: https://youtube.com/embed/y07OMvvSMDg?start=6392&end=6941 “There were to be inquiries against the Foreign Portfolio investors who were investing only in his companies in India. SEBI was to inquire but where are the earlier reports? Now, SEBI will be inquiring again,”
Adv. Mihir Desai, PUCL https://youtube.com/embed/y07OMvvSMDg?start=8629&end=8878 Refers to the opinida article referenced below.. when you are talking about Adani you are not only talking about shares going up and down. You are talking baout large scale un-employment, about rights being taken away from Adivasi, you are talking about environment being de-graded. All these are human rights issues. and it is likely to affect the economy at large. and when you see the government also tweaking the Laws, that is something that needs to be answered by the government.
Here is what Opindia highlighted : https://www.opindia.com/2023/02/naxals-muslim-and-christian-groups-organise-event-on-adani-scam/
& Free Press ... Here's how Adani slowing down can have impact on India https://www.freepressjournal.in/mumbai/heres-how-adani-slowing-down-can-have-impact-on-india The slowing down will not just affect the economy of the country but can also lead to large-scale unemployment and the use of public money to bail it out, said the speakers. March 02, 2023 The Adani group has filed six cases against Paranjoy Guha Thakurta, including two gag orders, but he chose to speak as silence was no more an option. ...there has been a pattern in the rise of the Adani Conglomerate; a pattern in the filing of defamation cases against journalists who wrote against Adani, no publication of earlier enquiry reports in which Adani was accused and tweaking of government rules to favour Adani in getting airports where it had no experience.
Speakers said that the citizens of Bangladesh were against the terms and this could harm the relations between the two countries. In many cases, the speakers alleged that there was a lot of transfer of goods within the group itself. They further alleged that some of the companies were owned by relatives of Adani who are on the run for having defaulted on bank loans and their whereabouts are not even known.