Hello,
It’s often suggested that Gautam Adani’s business has risen in parallel with Narendra Modi’s political graph. A sceptic might argue it's merely coincidental and a result of Adani’s business acumen. And that there is no concrete evidence that the BJP government has done any favour for the Adani Group.
Well, here is proof that the Union government granted the Adani Group an extraordinary favour in the lucrative business of coal contracts. Ingenously, it was done under the garb of law – even when the Union government acknowledged internally that it was an “inappropriate favour.”
A favour that boosted his business and helped him in his journey to becoming the world’s third richest man until allegations of accounting fraud reversed his fortunes recently.
The investigation by our two members, Shreegireesh Jalihal and Kumar Sambhav, reveals how the government brought in regulations that let Adani secure its old coal-scam era deals, which were previously deemed illegal by the Supreme Court, But, it did this favour only to the Adani group. Not to other corporations.
The last of the two-part investigative series shows through evidence that the Modi government ensured that public assets were handed out to the friendly business group by manipulating policy. It also shows preferential treatment to the controversial tycoon, whose bullet-speed entry into the super-rich club always faced accusations of political patronage, which means a government policy decides whether you make a billion.
Read the investigation published in Al Jazeera. Before you go, I would like to ask a favour. The reporters have been in the trenches for a long time to bring to you this investigative series. But let’s face it, this kind of journalism isn’t cheap. It takes grit and courage to collar the powerful, doggedness to keep digging for truth and, most importantly, resources. It is easy to bemoan journalism is all downhill now, but with your support, we can keep digging and keep our journalism on the up-and-up. Look for a donate button that will pop up within 10 seconds on the page the above link takes you to. Remember, free and fair democracy exists as long as free press exists.
Bye