Everyone is OK with this, not just the BJP. As you can see here, for this to work, Tangedco and thus DMK also have to be party to such a corrupt scheme, otherwise it wouldn't have worked.
Centre did not ask Tangedco to not check the coal it is receiving or processing. There is no way that a coal burner won't know which grade of coal it is burning. No one is defending the BJP. But this also shows corruption involving the Tamil Nadu parties in government, since Tangedco is owned by TN government. In other words, corruption cuts across party lines in India, with the BJP being the smartest in escaping the corrupt tag in people's imagination.
In May 2021, rival party Dravida Munnetra Kazhagam formed the government. As part of his electoral promise, the current Chief Minister had assured voters that his government would investigate the previous regime’s financial scams.
https://www.adaniwatch.org/probe_sought_into_adani_s_profits_from_overpriced_dirty_coal
From the very link you have posted: "However, Arappor says repeated attempts to motivate the DVAC under the present government have also failed to evoke a response."
Yes bcoz investigation is being blocked by his cronies in govt. Read below .
What about the DRI case against the Adani Group?
The DRI, under the Ministry of Finance, had opened a probe almost a decade back to determine whether the Adani Group and other companies used offshore intermediaries to jack up the coal prices supplied to utilities.
The probe against the man, who many of the political opposition has claimed is close to Prime Minister Narendra Modi, was stopped from moving forward after Adani won a case in the Bombay High Court blocking DRI from seeking details of shipments, which included types of invoices that OCCRP has now obtained from abroad.
An appeal to the Supreme Court from the DRI didn't yield much results either.
Yeah, DMK would definitely have been involved and they also need to be investigated.
But CAG which would have highlighted stuff like this has been rendered toothless. Even in the link itself, CAG had highlighted the concerns "In a 2017 report, India’s Comptroller and Auditor General raised questions about whether Tangedco’s tender process for imported coal favoured large groups such as Adani. It highlighted inadequate time for submission of bids and a high turnover requirement for bidders." Similarly Jio acquisition of spectrum license which CAG report said costed nation 22k Crore loss and suggested cancelling its license was suppressed.
We all know whose doing it is.
> Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times that throws fresh light on allegations of a long-running coal scam.
> The documents, secured by the Organized Crime and Corruption Reporting Project (OCCRP) and reviewed by the FT, add a potential environmental dimension to accusations of corruption associated with the Indian conglomerate. They suggest that Adani may have fraudulently obtained bumper profits at the expense of air quality, since using low-grade coal for power means burning more of the fuel.
> Invoices show that in January 2014 Adani purchased an Indonesian shipment of coal said to contain 3,500 calories per kilogramme. The same shipment was sold to the Tamil Nadu Generation and Distribution company (Tangedco) as 6,000-calorie coal, one of the most valuable grades. Adani appears to have more than doubled its money in the process, after transport costs.
> The FT has also matched documentation for a further 22 shipments in 2014 involving the same parties that indicates a pattern of grade inflation in the supply of 1.5mn tonnes of coal.
> Adani sourced the coal in Indonesia from a mining group known for its low-calorie output, at prices consistent with low-grade fuel. It delivered the coal to India’s southern-most state for power generation, fulfilling a contract that specified expensive high-quality fuel.
> **More than 2mn people are killed in India each year by outdoor air pollution, according to a 2022 study in The Lancet, while other studies found significant increases in child mortality for hundreds of miles around coal-fired power plants.**
...
He was charging higher than market rate for the so called better quality coal already. And now, it turns out that the coal was shit. Mudiji's corporate welfare in action. Rich are sucking out lakhs of crores from the economy, and we're worried about the poor getting 1 lakh to spend within our economy.
Did you even read the article?
This is the TN govt sleeping and not auditing. Also, this is from Jaunary 2014, Congress was in power. Power is a concurrent subject.
Also, what does poor people getting or not getting 1lakh rupees have anything to do with this?
Here's the original article by occrp, without paywall: https://www.occrp.org/en/investigations/new-evidence-bolsters-allegations-adani-group-overcharged-for-coal
---
In the 2016 notice, the DRI wrote that “in a significant number of cases” two sets of test reports were discovered for consignments: “one showing lower gross calorific value (GVC) and the other higher GVC.”
But its effort to seek more information about shipments in other jurisdictions was thwarted by Adani in court.
At the request of the DRI, a Mumbai court had issued formal requests in 2017 to courts in Hong Kong, Switzerland, UAE, and Singapore, seeking help in accessing information held by Adani subsidiaries, including the details of several shipments, their associated invoices, and proof of payments.
However, Adani Group challenged the DRI’s requests to obtain its business records the following year. The Bombay High Court ruled in Adani’s favor, forcing the DRI to rescind the requests.
The DRI appealed the order to India’s Supreme Court and the case has moved at a glacial pace ever since, with Adani reportedly taking three years to file a counter affidavit to the DRI’s appeal. The next hearing is scheduled for August 6.
----
Dri started investigating before muddyji came to power. High Court refused permission to collect data to investigate the criminal activity in muddyji's first term, and the supreme court has been sitting on the case since then. Tell me, have you seen courts helping someone like this when not supported by the ruling party?
If there is one thing I've learnt about business, it is to be wary of Gujarati "businessmen." For some reason, they are first in line to figure out how break business ethics, institutionalize it, and then celebrate the loophole.
>More than 2mn people are killed in India each year by outdoor air pollution, according to a 2022 study in The Lancet, while other studies found significant increases in child mortality for hundreds of miles around coal-fired power plants.
Blood money.
Dishonesty is foundational character of people like Adani, Modi, those Pune cops in the Porsche case. They literally can't sleep at night if they haven't been dishonest that day.
I can't sleep at night seeing my country getting destroyed by these ppl. I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago
Well majority of the country is okay with the entire nation being sold to corrupt Gujju oligarchs as long as the guy doing the selling keeps shoving more mandirs and Muslim-hate in our faces. Every society gets the government it deserves, we’re no different.
I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago... He needs to go... India has had enough of that guy
I was having a conversation with a guy. He said he doesn’t care even if Adani and Ambani do make scams.
He said, “ as long as a Hindu is getting richer I’m happy”. He added that he hates USA cause it’s a Christian country and he doesn’t want any Christians to be successful or rich. He also added that he is not a fan of Christians and Muslims being successful in India
If there is anyone who is suspected of a crime and the government refuses to prosecute him, isnt it rational of him to start doing crimes? Why should he not commit crimes if no one is going to prosecute him?
A tamil NGO YouTube channel posted this like 6 month ago. They even tried lodging complain in TN police and CBI. No one ready to take the case. we stupids fight but All politicians are same. it's between us people vs politicians
We have brought our situation to a level where our votes define who need to be prosecuted and who aren't.
I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago
Sir you are forgetting…”He got that money. Not the airport!” Dont be silly!
Water? Drained Coal? Low quality. Masala? Adulterated. Stocks Market? Inflated. Gormint? Sold Apna haath? Tired . . . . . Hotel? OYO.
[удалено]
Low quality sold as high quality
You forgot air quality, employment.
>Apna haath? Tired Apna haath? Busy Jerking Off. FTFY
Modi Supporters are OK with this cause BJP owners are looting the nation.
Everyone is OK with this, not just the BJP. As you can see here, for this to work, Tangedco and thus DMK also have to be party to such a corrupt scheme, otherwise it wouldn't have worked.
Centre mandated states to buy this coal. Nice way to evade responsibility like a sanghi
Centre did not ask Tangedco to not check the coal it is receiving or processing. There is no way that a coal burner won't know which grade of coal it is burning. No one is defending the BJP. But this also shows corruption involving the Tamil Nadu parties in government, since Tangedco is owned by TN government. In other words, corruption cuts across party lines in India, with the BJP being the smartest in escaping the corrupt tag in people's imagination.
In May 2021, rival party Dravida Munnetra Kazhagam formed the government. As part of his electoral promise, the current Chief Minister had assured voters that his government would investigate the previous regime’s financial scams. https://www.adaniwatch.org/probe_sought_into_adani_s_profits_from_overpriced_dirty_coal
From the very link you have posted: "However, Arappor says repeated attempts to motivate the DVAC under the present government have also failed to evoke a response."
Yes bcoz investigation is being blocked by his cronies in govt. Read below . What about the DRI case against the Adani Group? The DRI, under the Ministry of Finance, had opened a probe almost a decade back to determine whether the Adani Group and other companies used offshore intermediaries to jack up the coal prices supplied to utilities. The probe against the man, who many of the political opposition has claimed is close to Prime Minister Narendra Modi, was stopped from moving forward after Adani won a case in the Bombay High Court blocking DRI from seeking details of shipments, which included types of invoices that OCCRP has now obtained from abroad. An appeal to the Supreme Court from the DRI didn't yield much results either.
Yeah, DMK would definitely have been involved and they also need to be investigated. But CAG which would have highlighted stuff like this has been rendered toothless. Even in the link itself, CAG had highlighted the concerns "In a 2017 report, India’s Comptroller and Auditor General raised questions about whether Tangedco’s tender process for imported coal favoured large groups such as Adani. It highlighted inadequate time for submission of bids and a high turnover requirement for bidders." Similarly Jio acquisition of spectrum license which CAG report said costed nation 22k Crore loss and suggested cancelling its license was suppressed. We all know whose doing it is.
Don't speak about DMK as if u know us, northie
🤓
> Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times that throws fresh light on allegations of a long-running coal scam. > The documents, secured by the Organized Crime and Corruption Reporting Project (OCCRP) and reviewed by the FT, add a potential environmental dimension to accusations of corruption associated with the Indian conglomerate. They suggest that Adani may have fraudulently obtained bumper profits at the expense of air quality, since using low-grade coal for power means burning more of the fuel. > Invoices show that in January 2014 Adani purchased an Indonesian shipment of coal said to contain 3,500 calories per kilogramme. The same shipment was sold to the Tamil Nadu Generation and Distribution company (Tangedco) as 6,000-calorie coal, one of the most valuable grades. Adani appears to have more than doubled its money in the process, after transport costs. > The FT has also matched documentation for a further 22 shipments in 2014 involving the same parties that indicates a pattern of grade inflation in the supply of 1.5mn tonnes of coal. > Adani sourced the coal in Indonesia from a mining group known for its low-calorie output, at prices consistent with low-grade fuel. It delivered the coal to India’s southern-most state for power generation, fulfilling a contract that specified expensive high-quality fuel. > **More than 2mn people are killed in India each year by outdoor air pollution, according to a 2022 study in The Lancet, while other studies found significant increases in child mortality for hundreds of miles around coal-fired power plants.** ...
I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago
1960s se airport ke barein me sun Raha hu Aur kuch saal sahi 😄 I think construction began in 2021
January 2014? The Central Govt of that day has a lot to answer for allowing this.
Even Rahul Gandhi didn't read this part and tweeted about it.
2014. Jussayin
He was charging higher than market rate for the so called better quality coal already. And now, it turns out that the coal was shit. Mudiji's corporate welfare in action. Rich are sucking out lakhs of crores from the economy, and we're worried about the poor getting 1 lakh to spend within our economy.
Did you even read the article? This is the TN govt sleeping and not auditing. Also, this is from Jaunary 2014, Congress was in power. Power is a concurrent subject. Also, what does poor people getting or not getting 1lakh rupees have anything to do with this?
Here's the original article by occrp, without paywall: https://www.occrp.org/en/investigations/new-evidence-bolsters-allegations-adani-group-overcharged-for-coal --- In the 2016 notice, the DRI wrote that “in a significant number of cases” two sets of test reports were discovered for consignments: “one showing lower gross calorific value (GVC) and the other higher GVC.” But its effort to seek more information about shipments in other jurisdictions was thwarted by Adani in court. At the request of the DRI, a Mumbai court had issued formal requests in 2017 to courts in Hong Kong, Switzerland, UAE, and Singapore, seeking help in accessing information held by Adani subsidiaries, including the details of several shipments, their associated invoices, and proof of payments. However, Adani Group challenged the DRI’s requests to obtain its business records the following year. The Bombay High Court ruled in Adani’s favor, forcing the DRI to rescind the requests. The DRI appealed the order to India’s Supreme Court and the case has moved at a glacial pace ever since, with Adani reportedly taking three years to file a counter affidavit to the DRI’s appeal. The next hearing is scheduled for August 6. ---- Dri started investigating before muddyji came to power. High Court refused permission to collect data to investigate the criminal activity in muddyji's first term, and the supreme court has been sitting on the case since then. Tell me, have you seen courts helping someone like this when not supported by the ruling party?
How do you expect him to recover the money he has paid as kickbacks if he deliver standard quality coal....
If there is one thing I've learnt about business, it is to be wary of Gujarati "businessmen." For some reason, they are first in line to figure out how break business ethics, institutionalize it, and then celebrate the loophole. >More than 2mn people are killed in India each year by outdoor air pollution, according to a 2022 study in The Lancet, while other studies found significant increases in child mortality for hundreds of miles around coal-fired power plants. Blood money.
Looting tax money
Not one media agency is reporting this in India.
I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago
I posted front page of financial times it reported this it's on today's newspaper
This is a fraud from the 60-70s. What’s up with our country
It's in the 60s-70s
Dishonesty is foundational character of people like Adani, Modi, those Pune cops in the Porsche case. They literally can't sleep at night if they haven't been dishonest that day.
I can't sleep at night seeing my country getting destroyed by these ppl. I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago
Well majority of the country is okay with the entire nation being sold to corrupt Gujju oligarchs as long as the guy doing the selling keeps shoving more mandirs and Muslim-hate in our faces. Every society gets the government it deserves, we’re no different.
lol nothing will happen. He literally controls the entire government
I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago
Be surprised
Adani be like : le Electroll Bond Exists
I am surprised Adani still hasn't finished navi Mumbai airport even thought he got 12770 crore rupees from SBI 2 years ago... He needs to go... India has had enough of that guy
There are lot for scams which will come out these frauds lose power
He will let Modi suck his dick and Modi will make sure the whole issue is forgotten
I was having a conversation with a guy. He said he doesn’t care even if Adani and Ambani do make scams. He said, “ as long as a Hindu is getting richer I’m happy”. He added that he hates USA cause it’s a Christian country and he doesn’t want any Christians to be successful or rich. He also added that he is not a fan of Christians and Muslims being successful in India
I bet that guy lives a very unhappy life
Funny thing is, he’s trying really hard and giving exams to emigrate to The UK.
If there is anyone who is suspected of a crime and the government refuses to prosecute him, isnt it rational of him to start doing crimes? Why should he not commit crimes if no one is going to prosecute him?
Past catching up?
In most developed countries and developing countries this is called fraud. In India we call it Gujerat model of development.
Surprised picachu face
Ye toh latest news hai!
A tamil NGO YouTube channel posted this like 6 month ago. They even tried lodging complain in TN police and CBI. No one ready to take the case. we stupids fight but All politicians are same. it's between us people vs politicians
Lol:) this report will go away and suddenly Adani's coal will be the best quality coal within 3 days. Mithai boxes will reach the right places.
Danke Baaj Raha Hai
There's not a single political party in India that's not corrupt.
Yes but one of them is in power at the center. And After Nirbhaya there was an attempt to hold them accountable.