Adani Stock Saga: Clean Chit by SC Committee Raises Questions
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- čas přidán 26. 07. 2024
- On 6th May, an expert committee submitted a report on the Adani saga making a masterly, point-by-point legal case for exonerating the group and the market regulator, while also suggesting that, if the ‘letter of the law’ were to be followed, there is no case for repeated and never-ending investigation based on ‘suspicion’ that various actions of the group violated the ‘spirit of the law’. Watch this week’s video as Sucheta Dalal explains why a clean chit raises more questions than it answers.
For more read: www.moneylife.in/article/adan...
#adani #suchetadalal #moneylife
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Ma'am in your time, and our we have seen govt supporting cronies, BUT this humongous blatant mis use of National wealth and giving to one person is a Crime of the century
and doing it openly and claiming everything was kosher right in your face!
This is what A BANANA REPUBLIC is in the true sense of the word
what a fine journalist .. hats off, SUCHETA DALAL !
A cut on a finger and on jagular vien are different
@CE - How much wealth, infrastructure and how many jobs have YOU created for Indian citizens??
@@honestcitizen90 ???
In simple layman words Adani group has filled the form perfectly. Name , age , address, father s name Mother s Name etc that’s what Supreme Court committee found. No round tripping 😅
What sad state of affairs !!!!
We common people are busy complying with KYC for saving bank, current account, mutual funds and shares demat account.
And then they asks for income proof. Then Aadhar update. Validate documents through some agencies. And what not.
And here big corporate are getting away with tweaks in the rules. So systematically planned everything.
Well said!
Rules apply only for common man
What has Adani done ????
The SC expert Committee has given chit. Then what more do you want ??????
@@sureshrao2695 listen to entire video. How SEBI tweaked rules to enable Adani to get away. That’s why supream court committee can’t do anything.
For eg. if tomorrow Govt. says no need for Aadhar to open bank account and you don’t submit. Then supream court committee can’t say that Aadhar wasn’t submitted to open the account
@@nishant205 listened to entire video. Has SEBI exceeded it's brief ? Has Adani flouted any rules ? The answer is no to both. All coumpanies do something called Tax Planning which is to take advantage of the laws in your favour. This is a world wide practice.The SEBI brings in a rule in 2020 only, prohibiting a certain thing. From date of law coming into force Adani has scrupulously followed it. Then SEBI cannot say that in 2015 to 2019 Adani has flouted that law, as the law was enacted in 2020 only.
Adani saga Internationally has dented Indian business credibility.
True
Did the Enron saga internationally dent American business credibility ??????
@@sureshrao2695 yes it did
@Suresh Rao ww have entered in an Era that whatever this Modi govt does be it social, financial crimes, tacit support to all goondas became norms. If you question then trolls like this will defend. Majority educated andh bhakts lost rational thinking I donno when will we start questioning this govt like we "used" to question previous govts.
@@chandubai then surely the Barings crash dented British business credibility. So what is new about Adani, especially the group has made quick recovery and the SC's expert Committee has given them a clean chit ?????
only the way is to elect a good pm and govt at centre.
Define Good?
Poor retail investors.
ये बेचारा ही रहेंगे
In right earnest Supreme Court should have involved Hindenberg team also party of investigative team, for justification…since entire episode revolved around their findings …
looks like you did not understand what she explained. The SC panel did its job and found that the laws were followed to the "letter" but not "spirit"
in other words, the criminal modi turned off all the cctv cameras before robbing the bank. everyone saw him entering the bank empty handed, everyone saw him leave the bank with vaults of money but there is no proof that he stole ..
The committee members are smart. They know how to bury questions and doubts and badsmell. Clean chit.
Mam what a hard work u r doing but the govt is dump and no accountability. Our BP goes up and these culprits laughing on us kya bevkuf banaya
L K Advani said: They were asked to bend but they crawled.
This committee was asked to investigate and report. They found for the group. And they tried to ensure that no other investigations take place,ever.
How can govt say that they are fighting money laundering and black money by targeting benami ownerships and then go around and allow benami owners (FPIs with opaque owners) to own stakes in Indian listed companies.
Hi Ma'am, firstly thanks for breaking down such a complex case. I will have to go through the video again as it's so detailed, but it's quite clear that institutions and laws have been emasculated to make way for large-scale cronyism. This doesn't bode well for India or its image as a rising economic power.
😮May God Bless short life to such Gugugujus as short as the results of the case. Some one called GOD above is always Watching there.
thank you
Excellent madam, hats off to you. We know what is happening this country
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@@MoneylifeNewsBites yes madam
You are so good, Ms. Sucheta. Yours is the best exposition about the blatant support being extended to Mr A and his connections. Thank you.
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very kind of you
Elara Funds
Belongs to Ketan Parekh
London based Co hai
Fearless and incisive analysis Sucheta. Congratulations!🎉
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Already shared.🎊
Why Congress party not taking lead to expose the curated EC report to protect Adani, thereby protect modi/ bjp/ Adani is needed by BJP / modi for 2024 elections ?
Congress along with other members shud form task force of experts to puncture holes in Report... raise issue about JPC to expose the Money Laundering , Price Manipulation y Adani. Surely, Reliance, tatas, Birlas will quietly help in pulling down Adani
The opposition should appoint a parliamentary committee and should investigate the scam
Why ? Is the Opposition having more knowledge and expertise than the SC appointed expert Committee or are you simply too biased ????
First see Harshad mehta scam, in that opposition himself involved in that scam by first asking help from Harshad mehta to save the economy and lastly put behind bars harshad mehta. This madam also writing stories related to that to whom she is helping by defaming Harshad mehta is also a big question
@@spokenenglishieltscbsegovt6494 Harshad Mehta was a great scamper so no question of defamation.
@@sureshrao2695 Do you know him personally. If you don't know him personally. Then don't say anything. Every govt uses media for his benefits.
An MP who asked questions in Parliament has been "got debarred" and his house "got vacated"😂😂😂
So the MP was right
@Srikrishna Badami - Pappu deserved this and more. He undermined India's democracy on foreign land. He even said India was not a nation, or did you forget??!
You are very cleverly trying to connect two unrelated events. Your MP was renting hysterically against the Adani Group without an iota of evidence.
The MP was sent to Jail for 2 years for a defamation case which disqualified my from remaining a MP.
WHY DID YOU POST THE ABOVE IN SUCH A WAY ?????
@@sureshrao2695 Yes, the beggar was "debarred" by the court and had to "vacate" due to losing his MP status, because he in his hatred and dynastic entitlement defamed/demeaned the entire Modi clan....
@@sureshrao2695 Adani Stocks remain unreasonably over priced with PE of more than 2-3 times that of top NIFTY50 cos . RIL , Tatas have PE of 26s...35s....respectively...but Adani stocks are more than 100 !!!
Only motivated, agenda driven cant see there or smell the Price Manipulation in Adani Stocks.... fully protected by Gov / BJP for reasons best known to them
Why wud BJP followers shield Adani for for such gross violations ?
Requested to send in Hindi language or pdf format,I will try to publish in local news paper circulation in 20 district and unless Gen public is aware,we are wasting time
Agreed
Not a single large newspaper will publish this they are already sold to BJP. Amar Ujala, Danik Bhaskar, Punjab Kesri all are Rss puppets
SC appointed committee , with eminent persons with highest integrity , its observations and conclusions must be accepted.
You are doing fabulous job👍
many thanks
On the topic of KYC I am still struggling with my Franklin mutual fund folio complainee to sebi still being harassed for kyc of second holder who happens to be my ex husband an NRI who doesn't have Pan and they never informed when it became mandatory. It's so sad. 😢 am being harassed for my own money
Brave indeed Ms Sucheta Dalal!
i want to throw them a challenge will these guys who were representing from sebi will take their own hard earned money and invest in adani group stocks at those high PE valuations with a lock in period of 10 years ?
Courageous reporting
🙏🙏
There is a spot on the wall which will be filled on 14 August. The wall will look white in complete. Thank you for the analysis.
Your enumeration makes it abundantly clear why Rahul Gandhi and his party is right in demanding a JPC to probe Adani's wrongdoings.
Expert panel report has nothing to do with ousting of Law Minister and you should not connect the two.
Y your not talking about vijay maliya and choksi
Madam
Whose govt is it
Clean chit was expected
Karma will get Modani, definitely one day soon !!!😅
Fussssss
From this post one gets the distinct impression that Sucheta Dalal is resentful of the fact that the SC's Expert Committee finished the proble speedily instead of dragging it on for years on end.
Ha... I would humbly say that you have not even understood the video. And you may get a better idea about my views and perspective if. you watched and read more of what i write and say - rather than jump to conclusions with ONE videoblog!
This govt is smart and moves stealthily. The market understands this and the stock prices have bounced back.
I wont credit them of being smart. Shameless? Yes.
@@PrashanthPuranikWell said.
Hereafter more investment from LIC of India,SBI ....
I wish JPC may b set up to reach truth if the ppl of this country r lucky
Now it seems that mandate for EC was to save SEBI as well as Adani.
So the SC should now give verdicts which should satisfy you ? Non sense.
EC was believed to be close to the power that be and hence the report was on expected lines...the result if you are powerful as is the case,,,,You can get the report what you want. Were the terms of refence for the EC fair enough or a face wash. ??
Is it true that Adani,s relatives or cronies are on Sebis board?
Why adhani always meet NCP leader Sharad Pawar and praful patel?
Would it be possible for your team to add these episdoes as podcast? Thank you
The news bites videos are already available as podcasts on any podcast delivery platform of your choice. You may want to check it out and subscribe here: www.moneylife.in/podcast/news-bites.html Do spread the word!
The market reaction to the Hindenberg report and the Expert committee report seem to prove one guy right- Yanis Varoufakis.
Maam, have to mention that you are truly beautiful. The necklace looks fab on you too. Needless to mention great analysis as always
why are scrips with 5x higher P/E than industry peers for more than 12 mths be moved to Trade to Trade segment , to eliminate these useless investigations
We can officially call India a Banana republic now.
Hindenberg made its money and has moved on to the next firm. Mutual funds stay away from the Adani stocks. At some point of time later, banks will be left holding the bag of bad loans
As expected.......if not SEBI would be a joke
It’s a Guju computer at SEBI - the Gujarat model has taken over India ! Indias citizens deserve this mockery - they will never wake up !
What were u expecting
With due respect this is not 1992.
Everyone hand is dirty may be some have more or some have less.
This is just a status rivalry.
Simple thing is : all rules & compliance are for common citizens, big & well connected loot wealth of this nation with govt help.
Pls throw lights on 2000 notes withdrawl
Nice to see u finally after Scam 1992 movie..but mam there u nailed the nail into harshad Mehta..but sorry to say here u can't do anything, coz govt. hi unki hai😢
Thanks for incisive analysis Madam, presume Adani group is not batting with straight bat & indulges in manipulation. How come other countries like Israel, Sri Lanka etc are allowing Adani to develop ports & other infrastructure projects. Surely these countries must have seen some merit in Adani group while awarding contracts. Ours is over regulated economy & harass industrialist & see profit as a dirty word. In fact we have lost the plot shouldn't be surprised if Adani adopts some other country for doing business. God save our country.
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Mam ya adani hai not harshat mahat
One may rest assured Adani will not be lucrative. Public institutions may keep them afloat but private institutions will not invest. This was true before 24th Jan 2023 and it is more so after that.
SC should invite Hindenberg to be a party & give a hearing with ring fencing it. Other wise Heavy weights will crush the truth as usual.
Unfortunately Hindenberg's own credibility is questionable.
ed is on the right track..
Ketan Parekh is India Laden
it was not a clean chit
Sucheta, keep on the work. But, beware of Swami & his sidekick Shitty.
Politicians, corporates & bureaucrats are looting shamelessly. And in particular Adani case now it is fair to guess Modi & BJP are direct beneficiaries & partner. May be the main beneficiary & Adani a tool to spin out huge fund & power ultimately,
GOD TAKE OVER!! YOUR HAND NEEDED
Someone create two pages on Wikipedia. One lists all those who just did their job and Second who did "Stellar" job in Modi regime. Posterity will judge them.
Sucheta Dalal you need to do a course on valuations. You look illinformed.
Adani group as a whole will grow at a pace of 20% pa for 30+years at roe of 15%. Treating it as a largecap ,
Price to book value of 10 and Price to earnings above 100 is reasonable.
Looking at One year forward earning rs4000 is fair value of adani enterprises.
In adani green , adani with partners will pump 50 billion dollars over next 10 years. Hence, the lofty valuations.
Adani transmission will be no 1 transmission company in next 10 years. Compare it to state grid corporation of China.
I suggest you to focus on the business model and story rather than just few numbers. Your story looks childish.
Pls take a course on business valuations.
sucheta you have already done great harm to india with all your negativity.
Are you being paid monthly or daily wages for these false justifications for adani group like his dumbo nationalist australian CFO. You need atleast a basic course in sense and sensibility.
@saahil. Aapki Bhakti aparampaar hain, Adani ji ki leela ki tarah
How do you think Adani's can pump in $ 50 billion in next 10 years? Do you believe his CEO can siphon off money from India's kitty which is soaring due to higher GST collections and gives it to his masters through roundtripping even for the next 10 years like before ?
Abey leftist ko shirf propoganda karna hain bass
@@jathindram99You idiot.
. total assets of adani group stands at 75 billion dollars . Even if it grows at 10% which is least it can add 100 billion dollars to capex.
In the Adani case the main issue has been about legal compliance and it has passed the test of legal scrutiny done by the SC constituted panel of experts.
The SC mandate to the committee was to investigate and determine the legality of the issue.
What is investigation per se?
Detective activity.
Forensic activity.
Research activity.
Legal scrutiny.
Technical analysis.
Moral and ethical test.
It can be all the above and more. In the subject case it is mainly legal and somewhat technical.
What is the criteria for the evaluation of the outcomes? Compliance/ non compliance to Law.
What is clean chit?
Verdict affirming full compliance on every count.
This is not SC verdict. SC verdict is not statute.
What is assessment?
Factual position of the case vis-a-vis Law and it's enforcement with regard to actual and potential overall implications and impact.
What is Recommendation?
It is different from the verdict per se. It is based on the assessment and remedial in nature. It seeks to draw attention to the shortcomings and loopholes as well as the opportunities for improvents and corrections.
What is important is the way forward. How it will be done?
Satyamev Jayate! 🪷
Jai Hind!!
Good analysis you should end with Bharat Mata ki Jai or desh katre mein hain Adani jo bachhao. Plenty of paid army on the job for billionaires
No wonder a JPC was bulldozed and Rahul Gandhi was maneuvered out of Parliament!!!
Let's see if Mahua Moitra gets anywhere....in the meantime, Adani is free to contribute to election coffers for the foreseeable future! On with the show!