Hindenburg Report: Opposition Leaders Shout Slogans

Modi-Adani Bhai Bhai

Modi is accused of misusing his position as the PM of India to help Adani by forcing the public sector banks and corporations to invest public money in Adani Group companies.

A group of opposition leaders held a street demonstration in Delhi on March 13 to highlight the criminal nexus between prime minister (PM) Narendra Modi and beleaguered oligarch Gautam Adani who is in news for a series of alleged corporate frauds.

Congress

A recent investigative report of Hindenburg Research accused Adani of commiting one of the biggest corporate frauds in the world. In the report released on January 24, Hindenburg said that the Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades. When the opposition leaders questioned Modi in the parliament on the Modi government’s complicity in the Adani fraud, Modi did not even touch the Adani issue. Rather, he delivered a long rhetoric to praise himself and baselessly accuse the opposition party Congress of corruption.

The opposition leaders shouted rhymed slogans in Hindi, मोद

क

मलाई (Modi-Adani bhai bhai, desh bech ke khai malai). The slogans mean that Modi and Adani are like brothers who are selling the country to share the looted money.

Modi is also accused of misusing his position as the PM of India to help Adani by forcing the public sector banks and corporations - such as the State Bank of India (SBI) and the Life Insurance Corporation (LIC) of India - to invest public money in Adani Group companies.

While Modi is squandering public money to build the businesses of his corporate cronies, 1.4 billion Indians are suffering in his regime under unprecedented poverty, corruption, inflation, unemployment, and religious animosity.

Global agencies have been repeatedly warning that under Modi’s autocracy India has lost its status of democracy and the country is facing extreme lawlessness, human rights violations, and corruption.

In their slogans, the opposition leaders asked Modi to stop looting SBI and LIC to help his friend Adani who is embroiled in serious financial crime cases.

Recently, a reputed billionaire philanthropist George Soros stated that Modi will be weakened by the ongoing financial fraud case of oligarch Gautam Adani, who is a close partner of Modi.

Since the Supreme Court of India often dishonestly rescues the Modi government from such crises, on March 2 the top court formed a perfunctory committee which is expected to exonerate the embattled Adani Group from all the alleged financial frauds reported by credible global agencies and media organizations. The opposition parties are demanding an investigation into the Adani Group’s dubious business deals by a Joint Parliamentary Committee (JPC).

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The editor of The Unrest news magazine Rakesh Raman is a national award-winning journalist and founder of the humanitarian organization RMN Foundation. Besides working at senior editorial positions with leading media companies, he was writing an exclusive edit-page column regularly for The Financial Express (a daily business newspaper of The Indian Express Group).

Nowadays, for the past 12 years, he has been running his own global news services on multiple news sites. He runs various environment protection, education awareness, and anti-corruption campaigns, and publishes digital magazines and research reports on different subjects.

Earlier, he had been associated with the United Nations (UN) through the United Nations Industrial Development Organization (UNIDO) as a digital media expert to help businesses use technology for brand marketing and business development.

At present, Rakesh is associated with the Varieties of Democracy (V-Dem) Project as a Country Expert for India to provide expert research inputs on multiple topics pertaining to democracy and governance. The V-Dem Project is managed by V-Dem Institute under the University of Gothenburg, Sweden. Currently, he is also working as an editor for Wikipedia, which is a free online global encyclopedia.

In order to inform the Indian citizens and the global community about the extent of corruption in India, he compiled and released in October 2022 a comprehensive report on corruption in the country. Under the title “India Corruption Research Report 2022 (ICRR 2022),” the research report covers diverse aspects of corruption in India. He has also been publishing The Integrity Bulletin news magazine since 2018 to cover local and international corruption issues to engage with different stakeholders who are trying to combat corruption in the world. He has also announced the new project for 2023 to compile the India Corruption Research Report 2023 (ICRR 2023). You can click here to know about the project and support it financially with your donations.

He has launched a nationwide campaign to introduce social democracy in India in order to build an egalitarian society in which all citizens could enjoy equal rights, opportunities, freedoms, and access to justice. He is running an editorial section / microsite “Power Play: Lok Sabha Election 2024 in India” to cover the election news, events, and political campaigns.

He is also running a nationwide campaign to save school students of India from directionless education so that students could acquire modern skills that can help them in the job market. In his anti-corruption activities, he participated in a global petition led by Germany-based international organization Transparency International to call for the UN General Assembly Special Session against Corruption, UNGASS 2021, to direct all countries to set up central, public registers of beneficial ownership.

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He runs a community-driven anti-corruption social service “Clean House” to help the residents of Delhi raise their voice against the growing corruption and injustice