Paul Koshy Profile picture
Feb 4 4 tweets 1 min read
As per the latest figures of the government, India has registered its highest-ever total FDI inflows of $84.84 billion in 2021-22.

India is one of the few destinations among developing economies for foreign funds to invest.
The Adani fallout risks damaging the country’s status as a top pick of foreign banks’ emerging markets desks.

India’s probity in corporate governance and Government's model of entrusting a few with running India’s infrastructure and soliciting investments abroad is in question.
If SEBI and Media are now empowered to probe any alleged wrongdoing then India could emerge healthier in the long term.

At a pivotal moment of Nation development, what #ModiGovt does next has very serious implications.

Millions of retail investors have lost money @AdaniOnline
Strength of our Nation is not determined by meteoric rise of an individual businessman. This is certainly Not something to derive 'Nationalistic Pride'.

Only when institutions work on rock solid principles that allows inclusive growth; can we instil confidence in investors

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More from @Paul_Koshy

Feb 5
Mr. Harry Markopolos works as a forensic accounting analyst in US for attorneys who sue companies under the False Claims Act, other laws, emphasizing tips that result in investigations into medical billing, Internal Revenue Service, and United States Department of Defense frauds Image
Nathan Anderson @ClarityToast had worked with Harry Markopolos, the analyst who uncovered Bernie Madoff’s Ponzi scheme that robbed investors of as much as $65 billion.

Hindenburg Research LLC prepares its investigation report on a target company in six or more months Image
During the investigation they go through its public records and internal corporate documents, as well as talking to its employees.

The report is then circulated to Hindenburg's limited partners, who, together with Hindenburg, take a short position in the target company. Image
Read 14 tweets
Feb 2
The OXFAM Report 2023 confirmed that the top 1 percent in India now own more than 40.5 percent of total wealth in 2021 while the bottom 50% of the population (700 million) has around 3 per cent of total wealth.

India's population as on 1st July 2021 was 139 Crores
The top 30% own more than 90% of the total wealth in India.

Among them, the top 10% own more than 80% of the concentrated wealth.

India has the world's highest number of poor at 228.9 million.

The total number of billionaires in India increased from 102 in 2020 to 166 in 2022.
The combined wealth of India's 100 richest has touched INR 54.12 lakh crore.

The wealth of the top 10 richest today stands at INR 27.52 lakh crore - a 32.8 per cent rise from 2021.

So, why am I rattling out these facts and figures?
Read 8 tweets
Feb 2
The OXFAM Report 2023 confirmed that the top 1 percent in India now own more than 40.5 percent of total wealth in 2021 while the bottom 50% of the population (700 million) has around 3 per cent of total wealth.

India's population as on 1st July 2001 was 139 Crores
The top 30% own more than 00% of the total wealth in India.

Among them, the top 10% own more than 80% of the concentrated wealth.

India has the world's highest number of poor at 228.9 million.

The total number of billionaires in India increased from 102 in 2020 to 166 in 2022.
The combined wealth of India's 100 richest has touched INR 54.12 lakh crore.

The wealth of the top 10 richest today stands at INR 27.52 lakh crore - a 32.8 per cent rise from 2021.

So, why am I rattling out these facts and figures?
Read 9 tweets
Feb 1
#AdaniGroup has 7 publicly listed companies and 578 subsidiaries, largely controlled & managed by his family.

These companies had a market value of $200 bn before #HindenburgReport

To give you perspective that's the GDP of Qatar, that hosted the 2022 FIFA World Cup.
By a process called round tripping that manipulates stock prices and asset valuation through shell companies.

But, how exactly does this work?
These shell companies are of 2 types:

1. One stack is an 'industrial shell stack' that buys capital assets such as machinery from market & sell to listed Adani companies such as Adani Enterprises at inflated prices. These shell companies r managed by the Adani family themselves.
Read 26 tweets
Jan 31
A balance of payment (BOP) is an essential document or transaction in the finance department as it gives the status of a country and its economy.

It examines the transaction of all the exports and imports of goods and services for a given period.
The balance of payments (BOP), also known as the balance of international payments, is a statement of all transactions made between entities in one country and the rest of the world over a defined period, such as a quarter or a year.
An example of a transaction recorded in the BOP could be in a case where Country A purchases $10 million worth of goods from Country B.

The $10 million worth of goods in INFLOW to Country A is a debit and will be recorded as -$10 million.
Read 12 tweets
Jan 30
@gautam_adani, what should we conclude when you say that the expose about your fraudulent business practices is an attack on India?

Aren't you directly implying that the #ModiGovt is hand in glove in your crime?

Are you hence dragging @PMOIndia Mr. @narendramodi in this? Image
Dear @gautam_adani

Your response to #HindenburgReport is actually a 54 page document. Rest all are annexures on financial documents

Your defense spans from page 26 to 54

It's a corporate psycho horror script. Unbelievable. In fact you have agreed with each of the charges
Notes from your response

1. The report is only 54 pages long. After that are a series of annexures. Of various financial statements. Or various legal orders
Read 7 tweets

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