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Feb 6 • 9 tweets • 3 min read
LIC publicly holds 96 stocks with a net worth of over ₹ 1, 24,366.2 Cr

Out of this it invested ₹30,127 Cr in Adani group assets. That's 24% of its total exposure in the stock market

The total Equity based mutual funds in India has invested just  ₹25,263 Cr to Adani Group.
Among the 44 MFs, SBI Mutual Fund had the highest exposure of ₹6,142 crore to the Group, with the biggest investment of ₹2,776 crore in Adani Enterprises, followed by ₹1,816 crore in Adani Ports & SEZ and ₹790 crore in Ambuja Cements.
Kotak Mahindra MF had an investment of ₹2,329 crore - ₹1,080 crore in Adani Ports & SEZ, and ₹661 crore and ₹495 crore in Ambuja Cements and Adani Enterprises, respectively.

Nippon India MF and ICICI MF have almost same exposure of ₹2,095 crore and ₹2,092 crore
Nippon India MF had the highest holdings of ₹689 crore, ₹663 crore and ₹282 crore in Adani Ports and SEZ, Ambuja Cements and Adani Enterprises.

ICICI MF had the highest investment of ₹693 crore, ₹506 crore and ₹382 crore in Adani Ports & SEZ, Ambuja Cements and ACC.
Other mutual funds which have over ₹1,000 crore exposure to Adani Group companies include Axis MF, HDFC MF, Quant MF, Tata MF and UTI MF.

On percentage terms, not a single one of them held more than 1% of their equity investments in Adani Group.
Now contrast this with the Central Government controlled LIC and SBI.

LIC gave away over 24% of their equity holdings to Adani Group

SBI Mutual Fund had the highest exposure of ₹6,142 crore to the Group

Both directly controlled by the Finance Ministry of #ModiGovt
When every other Mutual Funds had the wherewithal to evaluate the risks, its not easy to believe that SBI Mutual Funds alone along with LIC were dumb, and did not know about the risks.

Has @narendramodi pressurised them to make these suicidal investments, asks @Jairam_Ramesh

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More from @Paul_Koshy

Paul Koshy Profile picture
Feb 7
List of 28 people who looted money from Indian banks:-

1) Vijay Mallya
2) Mehul Choksi
3) Nirav Modi
4) Nishan Modi
5) Pushpesh Baidya
6) Ashish Jobanputra
7) Sunny Kalra
8) Aarti Kalra
9) Sanjay Kalra
10) Varsha Kalra
11) Sudhir Kalra
12) Jatin Mehta
13) Umesh Parikh
14) Kamlesh Parikh
15) Nilesh Parikh
16) Vinay Mittal
17) Eklavya Garg
18) Chetan Jayantilal
19) Nitin Jayantilal
20) Deepti Chetan
21) Saviya Seth
22) Rajeev Goyal
23) Alka Goyal
24) Lalit Modi
25) Ritesh Jain
26) Hitesh Nagendrabhai Patel
27) Mayuriben Patel
28) Ashish Suresh Bhai

The total amount looted is Rs.10,00,000 crores

Take notice, there's Something special about them....
Read 5 tweets
Paul Koshy Profile picture
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
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
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.
Read 14 tweets
Paul Koshy Profile picture
Feb 4
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
Read 4 tweets
Paul Koshy Profile picture
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
Paul Koshy Profile picture
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
Paul Koshy Profile picture
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

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