Modi's shady dealings with Adani Group have been exposed. According to an investigation carried out by the TRC (The Reporter's Collective) based in India, it was found that Modi's shady dealings with Adani Group allowed the Gautam Adani to profit from coal mining, despite a court ruling in 2014 which made handing out government coal-mining deals to private corporations without due process illegal.
According to the TRC as well as a report from Al Jazeera, Modi's BJP-led government let the Adani Group of enterprises continue to mine from a block holding more than 450 million tonnes of coal in one of India’s densest forest patches despite the Indian Supreme Court ruling of 2014. Modi's government passed laws along with the Supreme Court ruling and turned a blind eye which allowed the Adani Group to continue to profit from their illegal coal-mining along with the political growth and development of Modi's influence and power.
The investigation reveals that Modi's BJP administration allowed private corporations to continue to bypass the competitive process to corner large coal reserves. The government allowed business conglomerate RP-Sanjiv Goenka (RPSG) group to use shell companies to undercut competition in coal auctions and regain access to a coal mine and also helped the Gautam Adani-owned group to continue its coal-scam-era deals originating from the UPA administration by leaving loopholes in the Supreme Court ruling of 2014 which allowed the government to revive the old MDO contracts at it's leisure pre-2014 which resulted in Modi's administration giving an MDO contract to Gautam Adani. In an internal memo, it was revealed that the BJP administration thought the allocation of the MDO was 'inappropriate"
This is highly disturbing news for both Modi and Gautam Adani, CEO of the Adani Group. When the 'CoalGate' scandal in 2012 was exposed in the previous Congress-led United Progressive Alliance, Modi was one of it's most fierce critics, jumping on the political bandwagon powered by the publics outrage and winning voters with his promises to prevent India's coal to be compromised this way. Indeed, one of the first things he did in 2014 was to initiate Supreme Court proceedings that eventually led to the banning of private corporations from mining coal in India without going through an arduous and competitive process.
This investigation by TRC and Al Jazeera may have greatly compromised modi's re-election bid in the coming elections. A seed of doubt has been planted that won't go away anytime soon. While it may not cost him the re-election, it most certainly will have an effect on the voters.
As for Gautam Adani, his company was already in trouble when a Us-based research group exposed it's illegal business practices a while back. This may be the nail that may seal their coffin or at least, the second last one. The phrase 'three strikes and you're out' seems to be becoming a reality for the Adani Group and if they're not careful, it is completely plausible that they may end up out of business.
According to the TRC as well as a report from Al Jazeera, Modi's BJP-led government let the Adani Group of enterprises continue to mine from a block holding more than 450 million tonnes of coal in one of India’s densest forest patches despite the Indian Supreme Court ruling of 2014. Modi's government passed laws along with the Supreme Court ruling and turned a blind eye which allowed the Adani Group to continue to profit from their illegal coal-mining along with the political growth and development of Modi's influence and power.
The investigation reveals that Modi's BJP administration allowed private corporations to continue to bypass the competitive process to corner large coal reserves. The government allowed business conglomerate RP-Sanjiv Goenka (RPSG) group to use shell companies to undercut competition in coal auctions and regain access to a coal mine and also helped the Gautam Adani-owned group to continue its coal-scam-era deals originating from the UPA administration by leaving loopholes in the Supreme Court ruling of 2014 which allowed the government to revive the old MDO contracts at it's leisure pre-2014 which resulted in Modi's administration giving an MDO contract to Gautam Adani. In an internal memo, it was revealed that the BJP administration thought the allocation of the MDO was 'inappropriate"
This is highly disturbing news for both Modi and Gautam Adani, CEO of the Adani Group. When the 'CoalGate' scandal in 2012 was exposed in the previous Congress-led United Progressive Alliance, Modi was one of it's most fierce critics, jumping on the political bandwagon powered by the publics outrage and winning voters with his promises to prevent India's coal to be compromised this way. Indeed, one of the first things he did in 2014 was to initiate Supreme Court proceedings that eventually led to the banning of private corporations from mining coal in India without going through an arduous and competitive process.
This investigation by TRC and Al Jazeera may have greatly compromised modi's re-election bid in the coming elections. A seed of doubt has been planted that won't go away anytime soon. While it may not cost him the re-election, it most certainly will have an effect on the voters.
As for Gautam Adani, his company was already in trouble when a Us-based research group exposed it's illegal business practices a while back. This may be the nail that may seal their coffin or at least, the second last one. The phrase 'three strikes and you're out' seems to be becoming a reality for the Adani Group and if they're not careful, it is completely plausible that they may end up out of business.