171–180 of 230 posts
Surely, they will try to subvert the indian government and take over local giants to establish a construct similar to the ccp to engage in rampant proxy colonialism.
When you have the PM in your pocket, you can do whatever you want. Also, he might be a 3rd richest person on paper, but I call him a flight risk. Once Modi govt is kicked out, he’ll flee India, just like other scammers like Nirav Modi and Vijay Mallya.
> Once Modi govt is kicked out And do you think it's gonna happen?
What has started, is bound to end one day!
This is something that is well known to Indian investors that most of Adani companies are vaporware that basically have no revenue and trade for price to sales ratio much higher than other companies. However this guy and his family members are pretty well connected and would be fine as long as Modi is India’s PM. In fact it is even stated that this guy is basically a kingmaker as his massive inflated fortune funds th…
Unless the corruption is so clear and irrefutable and the media actually presses hard enough that Modi decides it's time to throw Adani under the bus to save himself. But that's a high bar I assume... If the rest of the world weren't also so corrupt, it'd be fairly trivial to call out Adani and cancel all business with them and add some nice sanctions, but that's not the world we're in it seems.
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That is pretty much what Hindenburg does; they find frauds and short them. Peruse their site. I mean, it’s in the name, you know, like the dirigible. https://hindenburgresearch.com/ https://en.wikipedia.org/wiki/Hindenburg_disaster
I thought it was named after the former German field marshal and president.
Not only was he a highly successful field marshal on the Eastern Front in WWI (after being brought out of retirement to replace the panicking previous commander there), he later became de facto dictator of Germany for the remainder of the war (until it was time to surrender, then he threw the dumpster fire over the wall to the civilian politicians). (Of course as his second, Ludendorff, wouldn't miss to tell anyone after the war, Hindenburg's role was more one of moral authority, calming presence and coordination, the actual war plans being made by the people under him, most notably Ludendorff who was really pissed after the war Hindenburg took all the credit).
However he's even more interesting after WW1, when his popularity brings him to being elected as President, being in de facto control of Germany again thanks to a constitutional workaround, and then working to stop Hitler from getting to power before finally being convinced to give him the chancellorship. After his death, Hitler also took over the presidentship, and that was that. So Hindenburg was the only man who could stop/delay Hitler from taking power, and he failed.
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Honestly, it's a great thing that our financial system enables and rewards investigations like this. (It's a less great thing that fraud of this sort is possible, and that falsely accusing others of fraud can happen too)
Unless you're wallstreet trying to punish some poorly run companies and leadership by shorting them, and then having a reddit lynch mob coming after you.
If you think the US markets have a lot of fraud, they are paragons of virtue compared to India and China.
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Unless the corruption is so clear and irrefutable and the media actually presses hard enough that Modi decides it's time to throw Adani under the bus to save himself. But that's a high bar I assume... If the rest of the world weren't also so corrupt, it'd be fairly trivial to call out Adani and cancel all business with them and add some nice sanctions, but that's not the world we're in it seems.
What media? You mean the one owned by the party?