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Monday, December 9, 2024

Rajat Sharma’s Blog | Adani excuse, Modi target: coincidence or experiment? – India TV Hindi

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Rajat Sharma, Chairman and Editor-in-Chief of India TV.

Once again Gautam Adani became a political issue. Rahul Gandhi once again attacked Prime Minister Narendra Modi by taking the name of Gautam Adani. This time Rahul Gandhi made the excuse of the allegations against Gautam Adani in the US court. The FBI has alleged in an American court that Gautam Adani tried to bribe officials of state governments from an American company to get the contract for distribution of solar electricity in India. Bribes worth more than Rs 2,000 crore were offered to officers of Chhattisgarh, Andhra Pradesh, Tamil Nadu and Odisha.

FBI says that Gautam Adani took capital from people in America through bonds, but hid the bribe from investors. The Federal Court considered it a fraud on investors and ordered an investigation. On this basis, criminal case will be filed against seven people including Gautam Adani, his nephew Sagar Adani and company director Vineet Jain. This happened late at night in America and before sunrise in the morning the opposition leaders became active. Rahul Gandhi attacked Narendra Modi by taking ration water. After this, many leaders including Akhilesh Yadav, Sanjay Raut, Farooq Abdullah attacked the Modi government.

Rahul Gandhi said that he can give in writing that Gautam Adani will not be arrested because Adani is the source of funding of BJP, Narendra Modi is in the possession of Adani. The FBI has alleged in the Federal Court of New York that between 2020 and 2024, Gautam Adani and his company officials paid bribes worth Rs 2029 crore to government officials for contracts to set up solar energy plants and sell the electricity generated in the plant. Offered. FBI says that Gautam Adani got about two and a quarter thousand crore rupees invested from American investors, but did not inform the investors about this bribe. Therefore this becomes a case of fraud.

The FBI claimed in the court that Adani offered bribe to Indian officials to get the contract; Adani Group was going to get a profit of about Rs 17 thousand crore in the next 20 years from that contract. After this, America’s Securities and Exchange Commission also filed a civil suit against Gautam Adani, his nephew Sagar Adani and Cyril Cabanez. Accusations were made against Adani in America. The first impact was on the stock market. The shares of Adani Group fell by 10 to 20 percent, due to which investors lost about Rs 2.5 lakh crore.

The second impact was that the $600 million bond that Adani Green Company had issued to raise money from the stock market in America was withdrawn. In its statement, Adani Group termed all the allegations leveled against the group as false and baseless. The statement said that Adani Group follows the law and the allegations made will be answered according to law.

There are two sides to Adani’s case. One political, the other financial. Rahul Gandhi has been using Gautam Adani as a weapon to attack Narendra Modi for the last 10 years. Adani as excuse, Modi as target, but Rahul could not succeed much in this. Even today, there is no BJP government in any of the states where officers were accused of bribing. No Modi connection found in this. That is why Modi’s image was not harmed but those who invested money in Adani’s shares in the stock market suffered huge losses.

This is also a pattern. The case came at a time when Adani’s company’s $600 million bond was in the market in America. After this news, Adani had to withdraw the bond. Adani’s shares fell badly in the market. Last time when the Hindenburg report came, Adani was about to bring an FPO worth Rs 20 thousand crores. At that time also he had suffered loss in the stock market. So is this just a coincidence? Last time when Hindenburg’s report came. At that time the session of Parliament was about to begin and the entire session was marred by uproar over Hindenburg’s report.

This time too, when the news of charge sheet against Adani came from America, the winter session of Parliament is going to start after three days and today Rahul Gandhi has announced that the opposition will corner the government on the issue of Adani, which means there will be an uproar in the Parliament again. Is this also a coincidence? Or is it a deliberate experiment? (Rajat Sharma)

Watch: ‘Aaj Ki Baat, Rajat Sharma Sath’ full episode of November 21, 2024

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