Adani’s Wealth Rises By 109% In 1 Year

I remember a friend telling me to purchase shares of Adani Group. Around September 2013 they were trailing under or around 100-150 bucks, When Modi was sworn in the PM. They jumped to almost 500 bucks. Adani are making a lot of money overseas. I read about a protest in Australia maybe adelaide or somewhere, locals did not wanted him as whatever he was trying to setup would disrupt the local ecosystem.
 
Lord Nemesis said:
https://thelogicalindian.com/awareness/adani-wealth-rises/

Meanwhile Adani group has 96,000 crore of unpaid loans. So, its probably apt to say that all their wealth at this point is just tax payers money being siphoned from banks with the help of their political friends. The business itself doesn't matter anymore.

Same situation for reliance too with 1,25,000 crore of unpaid loans.
Click to expand...

Oh, again Not one more thread for bashing UPA for bad loans ; unfortunately and unsurprisingly even these loans were sanctioned by UPA Govt and they tried to accuse the NDA for favouring corporates.

https://m.timesofindia.com/india/bj...uring-big-corporates/articleshow/56149620.cms

BTW isn't wealth rise a good thing? Technically, He will be eligible for more loans. They (Ambani & Adani) basically take the loan to convert the unaccounted wealth to an accountable one. The rise in billionaires is just a effect of making one's wealth completely accountable one. Because Its getting tougher to maintain such unaccounted sources and the income. Probably hurried launch of Jio before Demonetisation was a planned strategy to convert such a large amount to a legitimate business income.

https://www.quora.com/Is-this-messa...e-months-ago-and-so-Ambani-gave-the-Jio-thing

Even the PNBScam was unearthed while digitization of accounts and a huge discrepancy was made out. As usual the initial discrepancy was overlooked, which led to such a huge amount getting discovered at a later date.

http://www.thehindu.com/news/national/deconstructing-the-pnb-scam/article22872298.ece
 
No, its not a good thing. Clearly, this is not a healthy business when the entire companies worth is less than half its unpaid loans. They are literally using tax money as free and unlimited capital. The profits they are showing are a myth.The employment they are creating means nothing. It boils down to them just pocketing tax payers money year after year. Under normal circumstances, such a company should be liquidated or taken over by banks.

Can you explain how they got a fresh $1 billion loan from SBI last year when they already have such a large amount of outstanding loans.
 
Why dont you file RTI On SBI and then PIL
That would give your answers. Use your frustration in positive way rather than negativity.
 
The central public information officer (CPIO) of State Bank of India claimed Joshi had not mentioned any larger public interest in the matter in his RTI application which was brought in at the stage of first appeal only


present the reason for larger public interest and get info.
 
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