Modani & Cronies

(To avoid confusing the company and the individual, I will refer to the company/group as Adani and to the individual as Gautam Adani or GA for short so that the two are not confused).

In a sudden and dramatic move, the Adani group on Budget Day, February 1, decided to withdraw its FPO and return all the moneys to the subscribers. It must have been a lightning attack on the conscience of the Adanis to take such a decision having realized that the lowest FPO price of around 3200+ was still much higher than the 2000+ that their shares were trading at. Obviously, the only reason some big companies invested in the FPO was to salvage it from the complete death it was headed for. As the cookie crumbled, Adani released the following statements for the decision:

 

It's a sensible statement by Gautam Adani (GA) to redeem some respect for himself and his companies. The admission that it would not have been “morally correct” for the group to accept moneys when its shares were brutally battered is a realization that either dawned on them or some phone call from some important office of Modani must have imposed that moral calling on them. All the malpractices, bribes, money laundering, greasing political parties, running a jungle of shell companies are not choices made out of moral latitude. That’s what Adanis were suspected of. And all it took was one report from an American firm called Hindenburg to knock of Adanis from their perch, knock off 100bn in market value so far and even drive Gautam Adani from 2^nd richest in the world to 15^th. All in just one week of life.

On Budget day, the stocks of every Adani group company went down. That should be enough to wake the moral conscience of even Atilla the Hun. On January 30, the Adani FPO was a miserable flop right from the start. It was evident that it will die a miserable death. Still, all the jugglery was made, fund-pliers and political pimps appeared to be on overtime to make it a success. Some claimed Ambani, Mittal, Jindal all supported Adani with funding to shore up “Indian pride” for a fallen warrior. But, to all reasonable estimates, it appears that the institutional buying which held up Adanis sagging fortunes for the day may have been Adanis own companies or shell companies from Burkina Faso. That is what Forbes claims to point as being the case with evidence of it. Obviously, some will also claim Forbes is also a foreign agent of Congress like Hindenburg. But, the same idiots danced to the Forbes rich list that placed Adani as the 2^nd richest just a few days ago.

What Hindenburg did should have been done by some Indian agencies long back or at least in the least 2-3 years when GA’s personal wealth went from 8.9bn in 2020 to 143bn in 2022. This should have raised many eyebrows among watchdogs like SEBI or RBI. But the corrupt Indian institutions, filled with coolies of the ruling party at any time are participants in the crime rather than protectors or shareholders or the general public. I am not very familiar with stock markets nor track stocks but here is one person who is neck deep into stocks and people value his opinions on the trade:

 

I may not be familiar with stock movements and intricacies of stock-trading but I can definitely spot criminal behaviour and patterns of politico-business crimes. And Adani and GA are products of politico-business crimes which are common in a Communist country like India and its crony capitalism. Don’t misunderstand, we are a democracy ONLY in electoral practice and Parliamentary style law-making but all the laws, policies, business growth are all a filthy Commie pigsty. To put it differently, BJP is the Devaki of Adani and Modi is Yashoda. All the Mr. Clean image of Modi vanishes in the air when you think of the Adani type FinPoodles propped up by him. Loans from govt units like SBI or investments from LIC were available to Adani at the drop of a hat. You would find it as hard as climbing Everest to get a 50000 Mudra loan from any bank. There are many pics of Modi with GA, including one in an aircraft, but this pic with GA and top SBI officials should tell you a small story by itself:

Hilariously, #Moditards and BJP coolies have made out as if the Hindenburg report on Adani is a big attack on India and those now questioning Adani are anti-nationals and traitors. One such joker, predictably a journo in real estate, went as far as stating everyone who can afford should invest 5000 into Indian companies just to protest the Hindenburg report:

80% of this country are beggars who are being fed free foodgrains by ModiSarkar for the last 3 years and it will continue this year too. Lakhs of prisoners have no money for bail it seems, so ModiSarkar is also arranging bail money for them. This is the moronic govt of India which thinks giving bail money is an act of social justice when it’s an act of a fool that is incapable of understanding the concept and is deluding you with nonsensical schemes. And just like they keep calling Hindenburg a “Short seller” as if that’s some big crime, Modi is also a “Short Seller” that keeps peddling utter nonsense of Amrit Kaal which will reach a finale in 2047 when the PM-for-life will deliver his promises. And Johnies like Varun Singh above want you to believe that a corrupt company accused of shady deals, shady shell companies, shady fudging of accounts and share prices must be protected with your innocent money.

FILTH produced by the worst parents who never taught morals to these castards. And as the Hindenburg report circulated wide with critically damaging information, the predictable response of BJP coolies, their IT cell and other assorted brainless jokers was to put out the same message of “Attack on Adani, Attack on India… Attack on India’s Independence and growth story”.  Why these rants and huge outpouring for someone like Gautam Adani? It’s only because GA is directly linked to Modi and is a FinPoodle of Modi – so their rants are because they feel it is Modi that’s being indirectly exposed. All kinds of silly stuff when all it called for was a mere financial scrutiny of the HR report. Naturally, Hindenburg founder Nate Anderson laughs and mocks these bunch of parrots peddling the same dictated message without even correcting the spelling error of “natioin”:

Last evening the price of Adani shares dropped to 1565. This is from around 3500 on January 25 when the Hindenburg report was released. At the core of all the trashing of Gautam Adani is his proximity to Modi and his phenomenal growth during the period when Modi was CM of Gujarat. But since Modi became PM, Adani’s growth has rocketed beyond reason and understanding. Port after port, airport after airport, contracts after contract – GA seemed unstoppable with his juggernaut. All this only proves that without Modi, Adani would be still running a very small business and nothing more:

India has nothing to brag about this. The culture of Crony Capitalism on one hand and Commie policies of squandering taxpayer money on the other is the brutal hypocrisy of Modi and Indian political parties in general. It does not portray India as a mature democracy but still as a banana country with no real standards, ethics or justice systems whatsoever. Empty bragging and chest thumping of stupid slogans like “Amrit Kaal” cannot cover up this filth.

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