Notes of Nagesh

#WATCH | Mumbai: On US prosecutors charging Gautam Adani and others in alleged Solar Energy contract bribery case, Researcher RN Bhaskar says, " There are two ways of looking at it. One, the US has found a fault and has charge sheeted Gautam Adani and his associates...But there's another angle to it. To understand that angle, you have to go back to the time when the Iran crisis took place when America had sanctioned Iran. That was the time when America had weaponised financial transactions...America has a knowledge of every transaction that takes place in the world. Because it has knowledge of every transaction that takes place in the world, it uses supercomputers and deep data mining, it can find out from where the money came and to which place it went. Effectively, America knows every transaction in the world. For the second part of the story, you have to go back to July 2023 when Russian Foreign Minister Sergey Lavrov was in Delhi to address a Raisina Dialogue conference......

🛑 Neo Colonialism by Gujarati cartel: The ADANI model. 👇🚩 1. Offer the proposal for Infra developments suo motto. 2. ⁠Promise the skies and the moons in these proposals, show rosy picture of revenue forecast. The conditions precedent to this are never elaborately discussed upfront and openly. Eg. Adani Group’s HEP projects in Western Ghats; its Greater Nicobar Island (GNI) shipment terminal project; sale of electricity to Bangladesh and now, the Jomo Kenyatta International Airport (JKIA), Nairobi, Kenya. 3. ⁠Get hold of the National Resources for a longer period, say two/three decades or even more. 4. ⁠Secure maximum exemptions from payment of taxes, other statutory payments/levies and obtain maximum financial benefit under these special Contracts/ Concession agreements. 5. Don't pass the reduced cost of manufacture to the Consumers. Infact, the contractual provisions are exploited at each step to maximise the gains by bribing the Babus.  6. Include provisions for heavy charges ...

"A bigger worry is a top-cited complaint among analysts and money managers: that the value of his tightly held companies has been puffed up through opaque Mauritius-based funds. After group stocks nosedived in 2021, a government minister in a written reply to parliament disclosed the securities regulator was investigating some Adani companies without providing more details. Such probes can go on for years and quietly fizzle out. For its part, Adani says that the regulator continues to approve all its proposals. Whatever the merits, such reputational concerns could hinder Adani’s ability to rally external support if leverage or access to capital ever become a problem." "It all creates a potential headache for New Delhi as Adani ventures deeper into the economy. His success also matters for rich countries counting on him to roll out ambitious projects to help India meets its climate commitments. India’s needs are crying out for financially prudent infrastructure tycoons. T...