Thread by @KumudShankar

1. #AdaniScam is a unique scandal when compared to other scams that have rocked the nation. Let’s examine.
a. The Role of the Media - compare with every other scandal, Adani scam is unique in terms of media coming to the defence of the accused. Compare with Bofors, 2G, Coalgate,

2. CWG or even Coffingate where the media not only exposed but actively pursued the case. They didn’t spare the accused who mostly were people of influence. Adani case, hence shows the media in a poor light. It’s a worrying sign as it comes in days when media has either been sold

3. to corporates or dependent on the gov for advertising
b. The absence of Opposition - except for the Congress & its leader, #RahulGandhi, there has been a radio silence by the opposition on the Adani issue. The other exception has been #MahuaMoitra. Most disappointing is the

4. silence of #AAP whose raison d'être was fight against corruption
c. The role of regulators - SEBI, RBI, ED have stood as mute spectators while share markets are wiping out investors’ wealth like a wild fire. Citizens’ savings & dreams are at stake & the very institutions that

5. were meant to protect the same have turned into puppets of the accused
d. Why have no heads rolled yet- a big scam is succeeded with a massive coverup & blame game. People are fired, scapegoats are identified & atleast there is a pretence of major reforms. Adani case is unique

6. as none of this has happened. Nor does this look likely. This is disturbing as it indicates that those accused & in power sit comfortable with a firm belief that they’ll tide over the #HindenburgReport tsunami. Perhaps they’ll even when the scale of the scale is unprecedented

7.
e. Business Community Reaction - apart from Mr. Anand Mahindra, who has backed the ‘nation under attack’ call of Adani, rest of the business community seems to be silent on the unfolding saga. Not many have come to Mr. Adani’s defence. Globalised Indian firms like Tata, Bajaj,

8. Wipro, Airtel have neither been attacked, nor have they spoken out. Shows how monopolised the 2 A’s had made the Indian biz scene
The Adani scandal is unique because perhaps for the 1st time ever a corporate’s greed & manipulation is defended under the garbs of nationalism. It

9. was for so far a reserved of dictators. But with Mr. Adani & Mr. Ambani in cohorts with Modi-Shah, India seems to be testing out a new system of penny-dictators where a select cohort of politicians & businessmen come together to share absolute power & national assets.