1/ Bangladesh’s top court orders review of Adani power deal

In November 2024, Bangladesh’s highest court ordered the formation of an expert committee to review the controversial power contract between Bangladesh and the Adani Group. 2/ The contract, signed in 2017 during Sheikh Hasina's rule, raised several concerns, including the high prices charged for electricity, and concessions from the Indian government to Adani that were not passed on to consumers in Bangladesh.

1/ Indian Supreme Court's Silence on Pegasus Legitimizes Spying on Critics

For over two years, the Supreme Court of India has failed to question the Indian government on alleged misuse of #Pegasus spyware against journalists, activists and political opponents. 2/ In 2021, it was revealed that Pegasus, a zero-click spyware developed by Israel’s NSO Group, was used globally for surveillance. Alleged misuse in India targeted journalists, opposition leaders and activists.

1/ 🚨 Adani's Invincibility Shaken? 🚨

@gautam_adani, his nephew, and associates now face US federal charges that could change the way corporate power and politics intertwine in India.

Let’s break down this massive story. 2/ In January 2023, @HindenburgRes accused Adani of running "the largest con in corporate history."

Allegations by the US Department of Justice and Securities and Exchange Commission (SEC) make Hindenburg’s claims seem almost tame in comparison.

1/ How did the @AdaniOnline's meteoric rise outside India go hand-in-hand with Prime Minister @narendramodi's “diplomatic” moves? Let's unpack the factors behind this partnership that’s often harming India’s global ambitions. 2/ Adani conflates his interests with those of India. The @BJP4India goes along with him. But Modi’s promotion of Adani’s interests has hurt the country’s relations with #Bangladesh, #SriLanka and #Kenya.

1/ Mukesh Ambani’s Reliance eyed a 16,000 sq. ft. prime plot in Breach Candy, worth nearly Rs 400 crore. But a century-old trust won’t give up that easily. 2/ Owned by the Seth Damodar Madhavji Charity Trust, the land houses a temple, marriage halls, and a sanatorium for cancer patients. Despite “backdoor attempts” by Reliance, the trust is digging in its heels.

1/ In December 2023, Kenyan President William Ruto met Indian PM Narendra Modi in New Delhi. But there was a "surprise visitor": Gautam Adani. What unfolded next has sparked massive controversy. 2/ Just months later, the Adani Group submitted a $1.85 billion proposal to upgrade Nairobi’s Jomo Kenyatta Intl. Airport (JKIA), seeking a 30-year lease and an equity stake. But the conditions raised concerns: a $40M concession fee, tax breaks, and restrictions on new airports in Nairobi.

1/The Waqf (Amendment) Bill was introduced in Lok Sabha and referred to a joint Parliamentary standing committee today.

Labeled 'divisive', 'anti-Muslim', & 'unconstitutional,' the Bill proposes changes to the 1995 Waqf Act, including the inclusion of Muslim women on Waqf boards and mandatory land verification.

#Waqf #WaqfAmendmentBill 2/ Let's rewind to September 2022, when a lesser-known but explosive legal controversy involving Mukesh Ambani’s iconic Antilia residence linked India’s then top law officer, AG KK Venugopal, to a shocking protest before the Supreme Court.

1/  After exit polls predicted a landslide win for @narendramodi's party on 1 June, India's stock markets soared. But when the official results revealed that the number of @BJP4India MPs was 33 below the half-way mark of 272 in the #LokSabha and that Modi would head a coalition government for the first time, share prices crashed. The notional lost value: a staggering $360 billion or a tenth of India’s GDP. 2/ On June 4, @AdaniOnline shares collapsed amid a general market meltdown as Modi's BJP secured a third term with the help of the TDP (@JaiTDP) and the JD (U) (@Jduonline). The opposition has called for an investigation into alleged stock manipulation.

1/ More than a decade ago, India's "Coalgate" scandal shook the nation, revealing the unfair allocation of coal blocks to private companies by the UPA government. The CAG estimated a notional loss of Rs. 1.86 lakh crore to the exchequer. 2/ This scandal led to the downfall of the Manmohan Singh government and paved the way for Narendra Modi's rise in 2014. At the same time, another coal scam was brewing, this time targeting the public.

1/ @AdaniOnline recently transferred a power contract from the struggling Pench coal-power project to their operational and growing Mahan plant. This proved beneficial for Adani, as the higher tariff rate for Pench was retained for Mahan, despite Mahan's lower production costs. 2/ Pench faced years of community opposition and delays. Adani has now orchestrated a transfer of the Power Supply Agreement (PSA) to Mahan.

The manner of transfer and the high tariff approval by the state's electricity regulatory authority is questionable.

1/ The Adani family's recent infusion of funds into @AdaniOnline companies through warrants sparks concerns about governance and market manipulation. A thread. 2/ @AdaniGreen recently announced a massive infusion of funds by the Adani family, but they only paid a fraction of the promised amount upfront, using warrants instead of ordinary shares.

EXCLUSIVE: Did PM Modi and BJP disclose election spending on Adani private jet? Read on to uncover the shocking revelations!
1/n An AdaniWatch investigation by @AbirDasgupta101 exposes potential violations as Modi used Adani's private jet for election campaigning in 2014.
2/n

(1/12)Adani Group has become the largest private airport operator in India within a short span of 5 years ranging from no experience in the airport business to the listing of Adani Airports Holding Limited on the Indian Stock Markets. (2/12) In 2019 and 2020, our team broke the story on the privatisation of airports and dilution of laws by the Narendra Modi government