churumuri Profile picture
Feb 3 9 tweets 7 min read
Jo Johnson, the brother of former UK prime minister @BorisJohnson, has resigned from the board of Elara Capital—a London-based investment firm 99% of whose holdings are Adani stocks.

About time @JoJohnsonUK revealed more on how he ended up at a company linked to Ketan Parekh.
Boris Johnson visited Adani headquarters in April 2022.

Jo Johnson joined Elara in June 2022.

The timing could just be a coincidence. But what kind of background checks did Jo Johnson—a former India correspondent of ‘Financial Times—do before lending his name to the firm?
@FT reports that when Jo Johnson joined Elara last June, the firm intended to tap his expertise on investing in technology and education.

In his statement, Jo Johnson says he hoped to make a contribution to UK-India trade and investment ties.

OK, but…
Was Jo Johnson aware of Elara’s deep ties with the Adani Group at the time of his joining?

Was he aware that Elara had amassed $4.2 billion from three Adani stocks?

Was he aware that before Adani, Elara was linked to 2 companies whose founders were probed for money-laundering?
Was Jo Johnson aware of Elara CEO Raj Bhatt’s record of deals with Dharmesh Doshi, an Indian fugitive accused to stock manipulation with Ketan Parekh?

Was he aware that among the stocks the duo fixed was Adani Exports, now called Adani Enterprises? @HindenburgRes #KetanParekh
@JoJohnsonUK’s resignation is designed to make it seem all very normal—as if it has nothing to do with the @HindenburgRes report on Adani Group, or a possible political blowback.

Perhaps this piece by Ravi Nair in June 2021 hadn’t caught his attention?👇🏿
adaniwatch.org/unravelling_ad…
Jo Johnson can claim the Adani Watch report on the offshore investors in Adani Group was before he joined Elara in June 2022.

Fair enough, but what was his reaction to the @creditsights report of August 2022, which said Adani was “deeply overleveraged”?

Did it miss his eye?👇🏿
Did a Standard & Poor’s report in September 2022, which showed that the Adani Group’s gross debts had increased by 42% in just one year, also miss @JoJohnsonUK’s trained editorial eye?

Did it ring no alarm bells at all?
What was his reaction in September 2022 to the news that #Bloomberg couldn’t trace the contact persons of 3 funds named in Parliament by @FinMinIndia?

The mess was obvious.

Why has @JoJohnsonUK chosen this moment to wash his hands of @gautam_adani?👇🏿
ndtv.com/opinion/the-wo…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with churumuri

churumuri Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @churumuri

Aug 24, 2022
🪡 The “hostile” bid by Gautam Adani to take over #NDTV has resulted in shock, sadness, and schadenfreude.

But who offered the channel, the baby of @PrannoyRoyNDTV and his wife Radhika Roy—to Adani behind their backs?

Could it be Mukesh Ambani, who saved it 13 years ago?

Why?
2️⃣ The way @timesofindia puts it, @gautam_adani’s acquisition route was simple.

Adani bought the Roys’ stake in @ndtv by buying up Vishvapradhan Commercial Pvt Ltd (VCPL), from two shareholders: Nextwave Televentures and Eminent Networks, for Rs 114 crore.

This gave him 29%.
3️⃣ VCPL, Nextwave and Eminent share the same 4th floor address in Gurgaon.

The common director in all three companies with the same director identification number (00548276) is a Anil Kumar Jain.

Is he an Ambani man or a front? Jain sits on more than boards.
Read 10 tweets
Aug 23, 2022
“Vishvapradhan”

Does India’s “most gifted businessman” @gautam_adani have a sense of humour? He has acquired 99.5% of the 29% stake of @ndtv founders Prannoy and Radhika Roy through a subsidiary called “Vishvapradhan”. Hopefully not a portmanteau of Vishwaguru and Pradhan Sevak.
Adani Media Networks Ltd CEO @sanjaypugalia is quoted as saying “AMNL seeks to empower Indian citizens, consumers and those interested in India, with information and knowledge” by acquiring #NDTV.

As a media watcher who reads ‘Manufacturing Consent’ every night, do you think?
“This is a baseless rumour. Radhika and Prannoy Roy are not in discussions, nor have been, with any entity for a change in ownership or a divestment of their stake in NDTV”

@ndtv clarification to BSE. So, has Adani made the open offer after a deal with Mukesh Ambani?
Read 4 tweets
Jul 12, 2022
“Uber sought ‘strategic investors’ in foreign media to win government favour’

@JeffBezos-owned ‘Washington Post’ goes where ‘Indian Express’ understandably cannot in its reporting of #UberFiles—7, Lok Kalyan Marg—and the Times Group’s role as navigator.
washingtonpost.com/media/2022/07/…
2️⃣ When Uber was trying to “get Delhi back live” after the Dec 2014 rape ban, an Uber general manager in Asia wrote that “he planned to set up meetings for co-founder Trevor Kalanick “with prime minister @narendramodi and cabinet officials”. @washingtonpost @PMOIndia #UberFiles
3️⃣ Sivakumar Sundaram, the chairman of the executive committee of Bennett Coleman & Co Ltd, denies Times Group facilitated Uber “with any form of political access”.

But the @EconomicTimes editor’s email to Kalanick suggests much.

@washingtonpost @timesofindia #UberFiles
Read 5 tweets
Jul 12, 2022
Times Group actively courted Uber after it was banned; urged its founder Travis Kalanick to present his “insights [to] set the agenda for policy formulation” at ET summit, in Jan 2015. Two months later, Uber invested Rs 150 crore in @TimesInternet.

Read: tinyurl.com/yuvyxbup
“Let’s be sensitive to keeping a strong relationship with TOI… if there’s something we can do for them that makes sense, we should do it”

Travis Kalanick wrote to staff the same day he received Times Group overture. #UberFiles @IndianExpress @RTIExpress techcrunch.com/2015/03/22/ube…
5 Dec 2014: Delhi woman raped by driver in Uber car

18 Dec 2014: Uber chief Travis Kalanick is “guest editor” of TOI

31 Dec 2014: @EconomicTimes editor invites him to ET Summit

23 March 2015: @TimesInternet makes “strategic investment” in Uber

Read: tinyurl.com/mryuw4j8
Read 6 tweets
Jul 10, 2022
“When nation is being divided, between Hindus and Muslims by forces of political opportunism, and our unity is being destroyed, a powerful voice is needed”

‘Anandabazar Patrika’ marks its 100th anniversary with a reality check from a real icon, Prof Amartya Sen. @MyAnandaBazar Image
2️⃣ Either because ABP did not want to, or because @PMOIndia did not bite, there is no @narendramodi at the centenary fete to bloviate on the role of free media in a democracy.

In craven media houses, Modi is default option despite his advertised contempt for it. @MyAnandaBazar ImageImage
3️⃣ ABP, as ‘Anandabazar Patrika’ is known, was first published as a 4-page eveninger on 12 March 1912 (cover price 2 paise).

It was named after Anandamoyee, the sister of Amritamoyee whose name adorned ‘Amrita Bazar Patrika’.

As it was Holi, the first issue of ABP had red ink. Image
Read 8 tweets
Jul 4, 2022
To the question, “When will India’s economy touch the $5-trillion mark?”, there can be only one patriotic answer.

Who gives a fug?

In a society with staggering poverty and hunger, the day Bharat’s worth is 5 followed by 12 zeroes can be a big moment only for bots and bhakts.
2️⃣ Yet, barely a week goes by without some tweetiya looking into the kaleidoscope and spotting the $5 trillion GDP pot.

The original deadline was 2024, when general elections are due next. Like the 5-year plan of yore, it was spelt out in 2019. 👇🏿

Read: tinyurl.com/2sx7zzdv
3️⃣ With sky-high unemployment and inflation, and plunging exports, $5 trillion in 5 years was another ‘jumla’, as a BBC story showed.

Read: tinyurl.com/2af9h3t6

Thankfully, an “Act of God”, the Covid pandemic, provided the perfect cover to shift the goalpost from 2024.
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(