Bangladesh must cut ALL links to crooked Adani

[IndianLite]

Modi-linked Adani family secretly invested in own shares, documents suggest | India | The Guardian

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

amp.theguardian.com

Bangladesh must terminate all contracts with this crooked outfit.

 

[@blue Ocean]

Modi-linked Adani family secretly invested in own shares, documents suggest | India | The Guardian

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

amp.theguardian.com

Bangladesh must terminate all contracts with this crooked outfit.

Khik, khik, khik. I thought our great BAL asset @BananaRepublicUK has left BD and migrated to India to get a job in the Adani group.

 

[Skull and Bones]

Bangladesh must terminate all contracts with this crooked outfit.

On what pretext?

 

[epebble]

Modi-linked Adani family secretly invested in own shares, documents suggest | India | The Guardian

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

amp.theguardian.com

Bangladesh must terminate all contracts with this crooked outfit.

Stock buyback is about the least of the offences, more in league with Jaywalking.

 

[Skull and Bones]

Stock buyback is about the least of the offences, more in league with Jaywalking.

The issue is, its not a declared stock buyback. They transferred money to offshore accounts through legal tax loopholes, and then bought up stocks to push up its price.

Nothing can be done legally rather than stopping those loopholes, which is easier said than done.

 

[epebble]

The issue is, its not a declared stock buyback. They transferred money to offshore accounts through legal tax loopholes, and then bought up stocks to push up its price.

Nothing can be done legally rather than stopping those loopholes, which is easier said than done.

So, no offences, civil or criminal. Just bad optics. Like that Sunak's wife claiming non-resident status for taxation, that is provided by law, but 'looks bad' when used.

 

[Skull and Bones]

So, no offences, civil or criminal. Just bad optics. Like that Sunak's wife claiming non-resident status for taxation, that is provided by law, but 'looks bad' when used.

Absolutely. If Bangladesh tries to cancel any contract based on this, Adani can sue Bangladesh back to Stone Age in International court of arbitration.

 

[protean]

Absolutely. If Bangladesh tries to cancel any contract based on this, Adani can sue Bangladesh back to Stone Age in International court of arbitration.

Actually they should and see who will invest in their power sector. Modi will not take it lightly as it might affect his image. Hasina will be treading carefully because without India, she is a goner.

 

[saif]

Hasina will be treading carefully because without India, she is a goner.

Thank you for telling the truth in public

 

[my2cents]

Modi-linked Adani family secretly invested in own shares, documents suggest | India | The Guardian

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

amp.theguardian.com

Bangladesh must terminate all contracts with this crooked outfit.

What is wrong in buying your own stock? If you believe in your company then only you will invest more money.

The issue is, its not a declared stock buyback. They transferred money to offshore accounts through legal tax loopholes, and then bought up stocks to push up its price.

Nothing can be done legally rather than stopping those loopholes, which is easier said than done.

It happens almost all the time. It is not fair play but does happen to influence the market movement.

 

[IndianLite]

What is wrong in buying your own stock? If you believe in your company then only you will invest more money.


It happens almost all the time. It is not fair play but does happen to influence the market movement.

You hustlers are obviously oblivious to the laws around manipulating share prices.

It’s illegal.

Indians and their tenuous links to morality means Hindus are still living in sewer.

 

[Cheepek]

There is no illegality, and the illegality is almost impossible to prove. No law bars my employee from buying my friend's/ brother's stocks from the open market.

Anyone who runs a business would like to keep a majority stake with themselves.
This is how owners keep a hold on the ownership of their company.
With hindsight, looking at how Adani's companies are being attacked; it would've been a massive headache had Adani diluted his stake.
There is zero proof of any stock price manipulation till today.

 

[IndianLite]

There is no illegality, and the illegality is almost impossible to prove. No law bars my employee from buying my friend's/ brother's stocks from the open market.

Anyone who runs a business would like to keep a majority stake with themselves.
This is how owners keep a hold on the ownership of their company.
With hindsight, looking at how Adani's companies are being attacked; it would've been a massive headache had Adani diluted his stake.
There is zero proof of any stock price manipulation till today.

Hinduvta defence of lies and theft is to defend it by doubling down.

It may work on low caste Hindus - it doesn’t work on the rest of the human race.

One of the reasons why owners, their family and relatives aren’t allowed to buy/sell shares secretly is to ensure they are not profiting from insider information.

In this case, Adani was inflating the share holding in order to con creditors and investors.

Both of these are illegal under law.

 

[Cheepek]

Hinduvta defence of lies and theft is to defend it by doubling down.

It may work on low caste Hindus - it doesn’t work on the rest of the human race.

One of the reasons why owners, their family and relatives aren’t allowed to buy/sell shares secretly is to ensure they are not profiting from insider information.

In this case, Adani was inflating the share holding in order to con creditors and investors.

Both of these are illegal under law.

As per law he is in the green, no one cares what law you read between your ears.
Newspaper reports have no evidentiary value in law.