What ties does the Adani Group have to the Indian government?
09/16/2023 •
The Adani Group has deep and mutually beneficial ties with the Indian government, particularly with the current administration led by Prime Minister Modi. — Multiple comments suggest a close and mutually beneficial relationship between the Adani Group and the Indian government. Concerns about corruption, favoritism, and nepotism have been raised, and many believe that these ties have been influential in the success of the Adani Group in winning contracts and gaining assets. The relationship has been described as an 'open secret' and has been discussed in books such as 'Billionaire Raj'.
Adani GroupHindenburg ReportCrony CapitalismModiGlobal TrustIndian InvestmentsFraudulent ActivitiesIndian Government
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Story
- There are concerns about corruption and crony capitalism surrounding the ties between the Adani Group and the Indian government. Some believe that if the scale of fraud and misconduct were exposed, the government would distance itself from the Adani Group to protect its reputation and public trust.
- A consensus exists that the Adani Group has deep ties with the Indian government, particularly the ruling party. These connections are often perceived as being based on corruption, nepotism, and favoritism. Adani's success is attributed to winning contracts from the state administration when the current Prime Minister was the Chief Minister of the state.
- Commenters believe there exists a close, mutually beneficial relationship between the Adani Group and the government, especially with Prime Minister Modi. This relationship has been described as an "open secret" and is discussed in books like "Billionaire Raj".
- The Adani Group's ties to the Indian government are perceived to have negatively affected trust in Indian investments due to concerns of corruption and lack of accountability.
- There is skepticism regarding potential consequences for the Adani Group, despite concerns about the company's questionable business practices and the potential negative repercussions for investors and the government's reputation.
- Evidence supporting claims of corruption, nepotism, and favoritism between the Adani Group and the Indian government has been widely believed in, with suggestions of Adani serving as a funnel for the Indian political class in power.
- Adani's relationship with the ruling party, especially during their time together in Gujarat, is believed to have played a significant role in the group's success in winning contracts from the state administration. There are also indications of potential favoritism towards Adani and lack of regulatory scrutiny due to this association.