Aloha,

I might now have definitely blown my chance of a visa for India (at least 
during the current, err, 'adminsitration' ...

But then I always have pleaded for 'audi et alteram partem' - even, or even 
just when, you disagree.

Ciao Ciao, p+7D! 

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Modi’s model is at last revealed for what it is: violent Hindu nationalism 
underwritten by big business
Arundhati Roy
Original to:
https://www.theguardian.com/commentisfree/2023/feb/18/narendra-modi-hindu-nationalism-india-gautam-adani


India’s prime minister and the billionaire Gautam Adani each benefited from the 
other’s rise – now their relationship is under scrutiny

Sat 18 Feb 2023


India is under attack by foreign powers. Specifically the United Kingdom and 
the United States. Or so our government would have us believe. Why? Because 
former colonialists and neo-imperialists cannot tolerate our prosperity and 
good fortune. The attack, we are told, is aimed at the political and economic 
foundations of our young nation.

The covert operatives are the BBC, which in January broadcast a two-part 
documentary called India: The Modi Question, and a small US firm called 
Hindenburg Research, owned by 38-year-old Nathan Anderson, which specialises in 
what is known as activist short-selling.

The BBC-Hindenburg moment has been portrayed by the Indian media as nothing 
short of an attack on India’s twin towers – Narendra Modi, the prime minister, 
and India’s biggest industrialist, Gautam Adani, who was, until recently, the 
world’s third richest man. The charges laid against them aren’t subtle. The BBC 
film implicates Modi in the abetment of mass murder. The Hindenburg report, 
published on 24 January, accuses Adani of pulling “the largest con in corporate 
history” (an allegation that the Adani Group strongly denies).

Modi and Adani have known each other for decades. Things began to look up for 
them after the 2002 anti-Muslim pogrom, which raged through Gujarat after 
Muslims were held responsible for the burning of a railway coach in which 59 
Hindu pilgrims were burned alive. Modi had been appointed chief minister of the 
state only a few months before the massacre.

At the time, much of India recoiled in horror at the open slaughter and mass 
rape of Muslims that was staged on the streets of Gujarat’s towns and villages 
by vigilante Hindu mobs seeking “revenge”. Some old-fashioned members of the 
Confederation of Indian Industry even made their displeasure with Modi public. 
Enter Gautam Adani. With a small group of Gujarati industrialists he set up a 
new platform of businessmen known as the Resurgent Group of Gujarat. They 
denounced Modi’s critics and supported him as he launched a new political 
career as Hindu Hriday Samrat, the Emperor of Hindu Hearts, or, more 
accurately, the consolidator of the Hindu vote-bank.

In 2003, they held an investors’ summit called Vibrant Gujarat. So was born 
what is known as the Gujarat model of “development”: violent Hindu nationalism 
underwritten by serious corporate money. In 2014, after three terms as chief 
minister of Gujarat, Modi was elected prime minister of India. He flew to his 
swearing-in ceremony in Delhi in a private jet with Adani’s name emblazoned 
across the body of the aircraft. In the nine years of Modi’s tenure, Adani’s 
wealth grew from $8bn to $137bn. In 2022 alone, he made $72bn, which is more 
than the combined earnings of the world’s next nine billionaires put together.

The Adani Group now controls a dozen shipping ports that account for the 
movement of 30% of India’s freight, seven airports that handle 23% of India’s 
airline passengers, and warehouses that collectively hold 30% of India’s grain. 
It owns and operates power plants that are the biggest generators of the 
country’s private electricity. The Gujarat model of development has been 
replicated at scale.

“First Modi flew in Adani’s plane,” the bitter joke goes. “Now Adani flies in 
Modi’s plane.” And now both planes have developed engine trouble. Can they get 
out of it by wrapping themselves in the Indian flag?

Episode one of the BBC film The Modi Question (I appear briefly in the 
documentary as an interviewee) is about the 2002 Gujarat pogrom – not just the 
murdering, but also the 20-year journey that some victims made through India’s 
labyrinthine legal system, keeping the faith, hoping for justice and political 
accountability. It includes eyewitness testimonies, most poignantly from 
Imtiyaz Pathan, who lost 10 members of his family in the “Gulbarg Society 
massacre”, which was one of several similarly gruesome massacres that took 
place over those few days in Gujarat.

Pathan describes how they were all sheltering in the house of Ehsan Jafri, a 
former Congress party member of parliament, while the mob gathered outside. He 
says that Jafri made a final, desperate phone call for help to Narendra Modi, 
and when he realised no help would come, stepped out of his home and gave 
himself up to the mob, hoping to persuade them to spare those who had come to 
him for protection. Jafri was dismembered and his body burned beyond 
recognition. And the carnage rolled on for hours.

When the case went to trial, the state of Gujarat contested the fact of the 
phone call, even thought it had been mentioned not just by Pathan but several 
other witnesses in their testimonies. The contestation was upheld. The BBC film 
clearly mentions this. Vilified though it has been by the BJP government, the 
film actually goes out of its way to present the BJP’s point of view about the 
pogrom, as well as that of the Indian supreme court, which on 24 June 2022 
dismissed the petition of Zakia Jafri, Ehsan Jafri’s widow, in which she 
alleged there was a larger conspiracy behind the murder of her husband. The 
order called her petition an “abuse of process”, and suggested that those 
involved in pursuing the case be prosecuted. Modi’s supporters celebrated the 
judgment as the final word on his innocence.

The film also showcases an interview with the home affairs minister, Amit Shah, 
another old pal of Modi’s from Gujarat, who compares Modi to Lord Shiva for 
having “swallowed poison and held it in his throat” for 19 years. After the 
supreme court’s “clean chit”, the minister said: “Truth has come out shining 
like gold.”

The section of the BBC film that the government of India has acted most 
outraged about was the revelation of an internal report commissioned by the 
British Foreign Office in April 2002, so far unseen by the public. The 
fact-finding report estimated that “at least 2,000” people had been murdered. 
It called the massacre a preplanned pogrom that bore “all the hallmarks of 
ethnic cleansing”. It said reliable contacts had informed them that the police 
had been ordered to stand down. The report laid the blame squarely at Modi’s 
door. It was chilling to see the former, but obviously still cautious, British 
diplomat who was one of the investigators on the fact-finding mission choosing 
to remain anonymous, with his back to the camera.

Episode two of the BBC documentary, less seen but even more frightening, is 
about the dangerous divisiveness and deep fault lines Modi has cultivated 
during his tenure as prime minister. For most Indians it’s the texture of our 
daily lives: sword-wielding mobs, saffron-clad god-men routinely calling for 
the genocide of Muslims and the mass rape of Muslim women, the impunity with 
which Hindus can lynch Muslims on the street, and not only film themselves 
while doing it but be garlanded and congratulated for it by senior ministers in 
Modi’s cabinet.

Though The Modi Question was broadcast exclusively for a British audience, and 
limited to the UK, it was uploaded by viewers on YouTube and links were posted 
on Twitter. It lit up the internet. In India, students received warnings not to 
download and watch it. When they announced collective screenings in some 
university campuses, the electricity was switched off. In others, police 
arrived in riot gear to stop them watching. The government instructed YouTube 
and Twitter to delete all links and uploads. Those sterling defenders of free 
speech hurried to comply. Some of my Muslim friends were baffled. “Why does he 
want to ban it? The Gujarat massacre has always helped him. And we’re in an 
election year.”

Then came the attack on the second tower.

The 400-odd-page Hindenburg report was published on the same day the second 
episode of the BBC film was broadcast. It elaborated on questions that had been 
raised in the past by Indian journalists, and went much further. It alleges 
that the Adani Group has been engaged in a “brazen stock manipulation and 
accounting fraud scheme”, which – through the use of offshore shell entities – 
artificially overvalued its key listed companies and inflated the net worth of 
its chairman.

According to the Hindenburg report, seven of Adani’s listed companies are 
overvalued by more than 85%. Based on these valuations, the companies 
reportedly borrowed billions of dollars on the international markets and from 
Indian public sector banks such as the State Bank of India and the Life 
Insurance Corporation of India, where millions of ordinary Indians invest their 
life savings.

The Adani Group responded to the Hindenburg report with a 413-page rebuttal. It 
claimed the group had been cleared of wrongdoing by Indian courts and that the 
Hindenburg allegations were malicious, baseless and amounted to an attack on 
India itself.

This wasn’t enough to convince investors. In the market rout that followed the 
publication of the Hindenburg analysis, the Adani Group lost $110bn. Credit 
Suisse, Citigroup and Standard Chartered stopped accepting Adani bonds as 
collateral for margin loans. The French firm TotalEnergies has paused a $4bn 
green hydrogen venture with the Adani Group. The Bangladesh government is 
reportedly seeking a reworking of a power purchase agreement. Jo Johnson, a 
former minister in the British government, and former prime minister Boris 
Johnson’s brother, resigned as a director of London-based Elara Capital, one of 
the companies mentioned in the Hindenburg report as tied to the Adani Group.

The political firestorm caused by the Hindenburg report brought squabbling 
opposition parties together to demand an investigation by a joint parliamentary 
committee. The government stonewalled, alarmingly indifferent to the concerns 
that managers of international finance capital might have about India’s 
regulatory systems. In the continuing budget session of parliament, two 
opposition party MPs, Mahua Moitra of the All India Trinamool Congress, and 
Rahul Gandhi of the Indian National Congress, both of whom have raised 
questions about the Adani Group years before the Hindenburg report, stood up to 
speak.

Among the questions Moitra raised were: how did the home ministry give security 
clearance to the “A” Group for operating ports and airports while refusing to 
divulge the identity of one of its shareholders? How did the group amass about 
$5bn in foreign portfolio investments from six Mauritius-based funds, all which 
have the same address and company secretary? On what grounds did the public 
sector State Bank and the Life Insurance Corporation continue to anchor 
investments in the group?

For his part, Gandhi noted the prime minister’s travels to Israel, Australia 
and Bangladesh, and asked: “In how many of these countries that you visited did 
Adani-ji get a contract?” He listed some of them: a defence contract with 
Israel, a billion-dollar loan from the State Bank of India for a coalmine in 
Australia, a 1,500MW electricity project for Bangladesh. Last, and most 
pertinently, he asked how much money the BJP received from the Adani Group in 
secret electoral bonds.

This is the nub of it. In 2016, the BJP introduced the scheme of electoral 
bonds, which allow corporations to be able to fund political parties without 
their identities being made public. Yes, Gautam Adani is one of the world’s 
richest men; but if you look at its rollout during elections, the BJP is not 
just India’s, but perhaps even the world’s, richest political party. Will the 
old friends ever let us look at their account books? Are there separate account 
books?

Moitra’s questions were ignored. Most of Gandhi’s were expunged from parliament 
records. Modi’s reply lasted for a full 90 minutes.

He did what he does best – cast himself as a proud Indian, the victim of an 
international witch-hunt that would never succeed, because he wore the 
protective shield made up of the trust of 1.4 billion people that the 
opposition could never pierce. This figure (a politician’s equivalent of 
inflating the value of his shares) peppered every paragraph of his spongy 
rhetoric, ridden with derision, barbs and personal insults. Almost every 
sentence was greeted with desk-thumping from the BJP benches accompanied by the 
chant of “Modi! Modi! Modi!”

He said that however much filth was thrown at the lotus – the BJP’s election 
symbol – it would bloom. He never mentioned Adani once. Maybe he believes it’s 
not a debate that should concern his voters because tens of millions of them 
are unemployed, live in abject poverty on subsistence rations (delivered with 
his photograph on the packaging) and will not remotely comprehend what $100bn 
even means.

Most of the Indian media reported Modi’s speech in glowing terms. Was it a 
coincidence that in the days that followed a number of national and regional 
newspapers carried a front-page advertisement with a huge photograph of him 
announcing another investment summit, this one in the state of Uttar Pradesh?

Days later, on 14 February, the home minister said in an interview, on the 
Adani matter, that the BJP had “nothing to hide or be afraid of”. He once again 
stonewalled the possibility of a joint parliamentary committee and advised the 
opposition parties to go to court instead.

Even as he was speaking, office premises in Mumbai and Delhi were being 
surrounded by police and raided by tax officials. Not Adani’s offices: the 
BBC’s.

On 15 February, the news cycle changed. And so did the reporting about the 
neo-imperialist attack. After “warm and productive” meetings, Modi, President 
Joe Biden and President Emmanuel Macron announced that India would be buying 
470 Boeing and Airbus aircraft. Biden said the deal would support more than a 
million American jobs. The Airbuses will be powered by Rolls-Royce engines. 
“For the UK’s thriving aerospace sector,” Rishi Sunak, the prime minister, 
said, “the sky is the limit.”

So the lotus blooms on, in a bog of blood and money. And the truth most 
definitely shines like gold.


Arundhati Roy is a novelist and writer. Her novel The God of Small Things won 
the Booker prize in 1997

____________

I couldn't find the two BBC docu's The Modi Question on YouTube, maybe the ban 
is worldwide? But it is -still?- viewable on Dailymotion:

https://www.dailymotion.com/video/x8hhhbh
https://www.dailymotion.com/video/x8hxdtn

Do not Enjoy! 

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