People in affluent Nation slog their entire lives and allow governments to deduct Income Tax at very high rates (50 to 60%)
This money, their Government hands over to investment bankers. With the profits they maintain a social security system that helps people in their old age
This money, their Government hands over to investment bankers. With the profits they maintain a social security system that helps people in their old age
https://twitter.com/rajeevkashikar/status/1628769085940178946
@gautam_adani developed a sense of credibility with the fund managers who manage these pension funds by leveraging on the @PMOIndia.
His proximity and intimate relationship with @narendramodi gave a message to the investors that they can trust Adani
His proximity and intimate relationship with @narendramodi gave a message to the investors that they can trust Adani
@narendramodi extracted his piece of flesh by making Adani pay for his political career which involved full throttled use of free cash to buy MLAs, topple democratically elected governments, fund Election Campaigns, hacking EVMs, bribing & build a war chest at their Party office
Everything was wonderful until @gautam_adani slid his hands into the pockets of foreign investors. They began verification process. And that's how the con was caught. Fraudulent book keeping, false valuations, Internal trading, siphoning off company funds, untenable loans, etc
Curtains came down on the Party time for #AdaniGroup. While the assets in their possession and cash flow in the business is impressive, its value is lesser by over 70% against their financial commitments to Bank loans, International Bonds etc.
SEBI, SBI, LIC, BoB, all knew about how the value of the Adani shares were falsely jacked up through the "round tripping" process.
If these institutions were truly autonomous, they would not have touched @gautam_adani with a 9 meter long pole
Interference by #PMModi forced them
If these institutions were truly autonomous, they would not have touched @gautam_adani with a 9 meter long pole
Interference by #PMModi forced them
That exactly is the connection between #NarendraModi, #AdaniGroup, International bonds, Indian Banks, LIC
That's why @RahulGandhi asked those questions in the Parliament
Lakhs of investors have lost money. India is seen now as a risky investment destination
अच्छे दिन?
अमृतकाल?
That's why @RahulGandhi asked those questions in the Parliament
Lakhs of investors have lost money. India is seen now as a risky investment destination
अच्छे दिन?
अमृतकाल?
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