Corporate Behaviour and Free Speech

There was more trouble for the already embattled Adani Group after Forbes magazine said it discovered “previously unreported transactions involving offshore funds with ties to Vinod Adani that appear designed to benefit the Adani Group as a whole”.

The highly regarded financial journalist John Hyatt, writing in the recent issue of Forbes magazine, wrote: “The deals also lend further credence to Hindenburg’s allegations of hidden leverage and accounting irregularities within the Adani Group.”

https://thewire.in/video/watch-karan-thapar-adani-forbes 

22/02/2023

Adani vs Hindenburg: Wikipedia editors blame billionaire’s team for manipulating entries

"Over 40 later banned or blocked sock puppets or undeclared paid editors created or revised nine related articles on the Adani family and family businesses. Many of them edited several of the articles and added non-neutral material or puffery. A declared paid editor, using a company IP address, completely rewrote the Adani Group article," read an article on The Signpost run by Wikipedia...

the Signpost article shows how Adani systematically manipulated its Wikipedia entries using sock puppet accounts, undisclosed paid editors and removing evidence of conflicts of interest... https://economictimes.indiatimes.com/markets/stocks/news/adani-vs-hindenburg-wikipedia-editors-blame-billionaires-team-for-manipulating-wiki-entries/articleshow/98121928.cms

'खबरों के कातिलों में शामिल थे अडानी' इन्टरनेट पर ऐसे बदली जानकारियां https://www.youtube.com/watch?v=AUKWcQ3ULTw Knocking News  Wikipedia’s online newspaper, written and edited by community members, has published a report claiming that their investigations reveal that the Adani group employed undeclared paid editors to write and sanitise related Wikipedia pages.

While the Wikipedia report has been published in the aftermath of Hindenburg Research’s report on the Adani Group, it includes allegedly unscrupulous editing and contributions made years before this news break.

The Signpost, according to its own Wikipedia page, focuses on English Wikipedia, its sister projects, the Wikimedia Foundation, and the Wikimedia movement at large.

This article, written by a Wikipedia community user Smallbones, is tagged under the ‘disinformation report’ category.

According to Signpost, more than 40 “sockpuppets” or undeclared paid editors created or revised nine related articles on the Adani family and family businesses.

‘Sockpuppetry’ refers to the misuse of multiple Wikipedia accounts.

All these accounts were later blocked or banned by Wikipedia.

Among those who fiddled with Adani articles, the report says, was a person using a company IP address, who rewrote the article for ‘Adani Group’ entirely.

The report says:

“Many of them edited several of the articles and added non-neutral material or puffery. A declared paid editor, using a company IP address, completely rewrote the Adani Group article. Others removed warnings about conflict-of-interest editing. Some created articles by unusual methods that avoided Wikipedia’s quality control systems.”

Hindenburg alleges Gautam Adani's brother pledged Adani Group promoter stakes for $240-mn loans from Russian bank https://www.businesstoday.in/latest/corporate/story/hindenburg-alleges-gautam-adanis-brother-pledged-adani-promoter-stakes-for-240-mn-loans-from-russian-bank-370676-2023-02-17

Pinnacle Trade and Investment Pte. Lte., a Singapore company indirectly controlled by Vinod Adani, had in 2020 entered into a loan agreement with Russia’s state-owned VTB Bank. By April 2021, Pinnacle had borrowed $263 million and lent out $258 million to an unnamed related party.  Pinnacle offered two investment funds — Afro Asia Trade and Investments Limited and Worldwide Emerging Market Holding Limited as guarantors for the loan.

Both Afro Asia Trade and Worldwide are large Adani Group shareholders. Together, the two funds hold $4 billion (as of February 16 market prices) of stock in Adani Enterprises, Adani Transmission, Adani Ports, and Adani Power, all of which acknowledge the funds as 'promoter' entities. ..

 Zero disclosure of these pledges to Indian exchanges.

https://www.forbes.com/sites/johnhyatt/2023/02/17/gautam-adanis-older-brother-vinod-adani-controls-offshore-empire-with-links-to-adani-group/

The fact that Pinnacle pledged the investment funds, rather than their Adani company shares, may exempt the funds from the obligation of having to disclose pledged shares, added the Indian securities expert. Pinnacle, Afro Asia and Worldwide Emerging Market did not respond to Forbes’ requests for comment.

Adani ब्रदर्स ने चुपके से कर दिया बड़ा खेल, रूस के बैंक में रख दिया सबकुछ गिरवी, भारत को भनक तक नहीं The Samachar Express

Feb 18, 2023 #बेगाने_धंधे_में_महुआ_दीवानी  Adani ब्रदर्स ने चुपके से कर दिया बड़ा खेल, रूस के बैंक में रख दिया सबकुछ गिरवी, भारत को भनक तक नहीं
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