>From 2014 to (September) 2022 -- over (approx.) eight years of Modi rule at
the Centre the wealth of Adani grew twentyfold. Over roughly the same
period the Ambani group -- the second-most favoured one -- grew about 4.75
times. Indian GDP grew 1.25 times.

Now some -- almost sudden -- interesting developments, in broadly
chronological order.
Unexpected Twist in Adani Story (of Rise and Rise)*

I. * On Jan. 24, Hindenburg Research group -- an investment research firm
based in NYC -- came out with a report that claimed:
Today we reveal the findings of our 2-year investigation, presenting
evidence that the INR 17.8 trillion (U.S. $218 billion) Indian conglomerate
Adani Group has engaged in a brazen stock manipulation and accounting fraud
scheme over the course of decades.
* Gautam Adani, Founder and Chairman of the Adani Group, has amassed a net
worth of roughly $120 billion, adding over $100 billion in the past 3 years
largely through stock price appreciation in the group’s 7 key listed
companies, which have spiked an average of 819% in that period.
(Ref.: <https://pdffile.co.in/hindenburg-research-adani-report/> and <

II. It immediately triggers a sharp slide in the value of Adani group
AA. <
BB. <
CC. <
Also relevant: DD. <

III. Adani threatens Hindenburg with legal action:

IV. Hindenburg hits back: <

V. Congress flags the serious implications for the people of India and
demands probe: <

VI. An interesting comment: <

VII. Evidently, the modality by which the GVK group was brought to its
knees and made to sell the Mumbai airport to Adani for a song cannot be
deployed in the instant case.
That has made things too tricky for the Adani group.

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