Indian Economy

[nwoodman]

 

[Hektor]

It's a grand jury indictment, if I am not wrong.

[Haryana]

Modi will be very happy if the corruption of opposition party states is eliminated. However, the western media is washing the brains of clueless masses. They are portraying it on Modi.

[nwoodman]

4 hours ago, Hektor said:

It's a grand jury indictment, if I am not wrong.

 

“1. Sealed Indictment:

• The indictment was initially sealed and later unsealed, which is common in grand jury proceedings to protect the investigation’s integrity.

2. Federal Jurisdiction:

• The involvement of federal crimes like securities fraud, wire fraud, and violations of the Foreign Corrupt Practices Act (FCPA) typically necessitates a grand jury indictment.

3. Mention of the Grand Jury:

• The DOJ notes obstruction of the “grand jury” investigation as part of the charges, reinforcing that a grand jury was integral to the process.”

[Haryana]

The timing of the unsealment looks quite tactical from the perspective of targeted attack.

 

This is just about right before the start of parliament session which will give the opposition party all the fodder to loudly parrot the western propaganda of regime change and the total evangelization of the world. 

 

This is also exactly before the Adani group was about to raise 600m American dollars which is now immediately cancelled. 

 

India is among the top ten in the list of countries that are going for green energy at the most rapid pace. Adani is at the forefront of this revolution and has to raise funds for their huge renewable solar projects.

 

By the way, the top western countries are way below in that list. They are continuously the biggest polluters, currently and historically, with uber high per capita energy consumption. 

[nwoodman]

Gautam Adani: US summons & a new twist in India intensify billionaire's troubles

 

Article Summary

 

1. US SEC Summons: Both Gautam Adani and his nephew, Sagar Adani, were summoned by the SEC over bribery and securities fraud charges. They are required to respond within 21 days to avoid default judgments.

2. Indian Legal Challenges: A new application in India’s Supreme Court seeks to incorporate US indictment documents into an ongoing case alleging stock manipulation. The Securities and Exchange Board of India (SEBI) is also probing non-disclosure of these investigations to Indian exchanges.

3. Global Financial Fallout: Several global banks are reconsidering extending credit to the Adani Group. Ratings agencies, including S&P Global and Moody’s, have downgraded the outlook for key Adani Group companies.

4. International Deals Canceled: Kenya terminated two major deals with the Adani Group following the bribery allegations, further impacting the conglomerate’s global operations.

[Haryana]

"Erik Solheim is one of the foremost global thinkers on environment, development and geopolitics. He has been Norway’s Minister of Environment and International Development and Under-Secretary General of the United Nations." 

https://www.moneycontrol.com/news/opinion/eriks-world-asia-leads-the-green-charge-globally-india-ahead-of-most-western-nations-on-environment-action-12605871.html 

" I recently saw thousands of hardworking Indians and hundreds of trucks putting up the world´s largest combined solar and wind power plant. 

When complete it will produce 30 gigawatt of wonderful clean and green energy. 

That is as much as the total hydropower production of my home country Norway!

The Gujarat miracle is the work of the Adani Group. Adani is about delivery, not just talk." 

[Haryana]

https://www.linkedin.com/posts/erik-solheim-a9464b225_when-will-american-overreach-stop-the-activity-7267435582497112064-3S8l

"Added it is now clear that the accusations are not against the top Adani leaders, Gautam and Sagar Adani. Nor is there evidence that bribes were paid by Adani executives to Indian government officials." 

Edited December 25, 2024 by Haryana
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