“Explore a satirical yet clear breakdown of the Adani-Hindenburg controversy (Adani Scam), exposing alleged stock manipulation, political ties, and SEBI‘s failure to act. A witty critique of how Adani allegedly profited massively while selling brass as gold in India’s corporate and political landscape.”
What would you call selling brass as gold? Fraud, dishonesty, theft, scam?
Now, what would you call a person who takes out loans from public and some private banks of India worth crores by claiming something worth Rs. 10 is worth Rs. 10 crores and pledging it to a bank? That’s exactly what Hindenburg Research has accused Adani of doing.
The Game of Shares – The basis of Adani Scam
When the price of a company’s share is artificially inflated in the market, it’s never for the benefit of the common investor. Here’s why:
Out of 100 shares, 25 might be in the market while 75 are owned by the company’s promoter. If the value of those 26 shares increases 100 times, the value of the promoter’s 74 shares also rises at the same rate. The promoter, who already holds the majority, benefits the most.
In simple terms, when share prices are artificially raised, it is not the small investor who becomes rich. It’s the owner. The wealth of the promoter skyrockets far more than that of any investor holding a small portion.
The Wealth of Paper
Let’s call it what it is. This wealth is just paper wealth. A share is merely a piece of paper or a figure displayed in Demat account, a symbol or figure of value that fluctuates. A share worth Rs. 10 yesterday might suddenly be worth Rs. 10 crores today, all because the price was manipulated.
Now, by pledging these inflated shares, the owner can take loans worth real money – crores of rupees. This, in essence, is fraud: selling brass at the price of gold.
The Watchdog Turned Culprit – Partner in Adani Scam
Here’s where it gets even worse. The head of the very organization tasked with catching and punishing such frauds is allegedly involved in the Adani Scam. Yes, Madhabi Puri Buch, the head of the SEBI, the Securities and Exchange Board of India. This person has invested in the same fund responsible for artificially inflating share prices.
That’s what the latest Hindenburg report alleges about the Adani Scam.
Read about The Indian Economic Service
The Inescapable Numbers
Hindenburg bases its reports on documents available in the public domain — figures that companies themselves submit to authorities, publish on their websites, or exchange with other firms. These numbers are irrefutable because they come directly from the companies themselves. So, if someone denies the report, they are essentially denying their own data.
Defending the Indefensible
Now, let’s look at some of the absurd defences thrown around against the Hindenburg’s report on Adani Scam:
“It’s a foreign organization. It’s American, a CIA front, or an alien conspiracy against India.”
Answer: Even if it’s true that Hindenburg is foreign, tell me whether the figures they present are true or false. The truth has no nationality. If the report is false, the companies themselves are to blame because the data is theirs.
“Hindenburg profits from short selling after releasing these reports.”
Answer: Sure, they profit. But just like how an informer gets a reward for reporting smuggling, the motive behind the action is secondary. Whether they act out of greed or morality doesn’t change the fact that the fraud exists. The focus should be on catching the culprit, not dismissing the informer.
“This will ruin the country’s economy.”
Answer: Ah, the ultimate defence! Adani is not India, and India is not Adani. The country’s economy doesn’t rely solely on one man’s inflated shares. If his shares crash, our economy won’t collapse because there are 140 crore people, lakhs of businesses, and industries that form the backbone of our economy.
It’s all just a series of happy coincidences, right? A man rising from nowhere to become the richest in the country and one the richest in the world during Modi’s rule, getting government contracts, loans, and public assets, while flying alongside our Prime Minister on international tours. Coincidences, just like those multi-phased elections and matching colour schemes.
A Proposal
Those who say, “Such-and-such asset is being sold, Adani will buy it” should consider this: If I can pledge brass-like shares and get crores in loans, I’ll buy up BHEL, Indian Railways, ISRO, NPCIL, Oil Fields, and even Jails. I’ll also give you a thousand-crore commission via Electoral Bonds and other possible demi-legal means for your help.
The Monkey Clan – Gatekeepers of Adani Scam
In their blind loyalty to Modi and Hindutva, a group of opportunists has unwittingly become Adani’s henchmen. If it wasn’t for the reforms, Adani’s growth might have been stunted—thank goodness for policies that open up airports, ports, and government contracts to our nation’s finest businessmen. Perhaps the stars just aligned perfectly for Adani to end up with every prime asset under the sun during Modi’s reign. Pure luck!
Sycophants, crooks, and cunning operators are now in top positions, creating a self-serving ecosystem. The BJP-RSS machinery, along with their trolls and propaganda tools, have become the gatekeepers of this corrupt system. It’s purely coincidental, of course, that Adani’s empire took flight in the same years Modi’s political career soared. It’s also a complete fluke that wherever Modi goes, Adani follows— be it trips to Australia or Israel, or billion-dollar projects at home. Nothing says ‘mutual growth’ like flying in the same jet, right?
The Legacy Betrayed
Did Keshav Baliram Hedgewar ever imagine that the never-registered organization he was building would one day protect a system designed to enrich one man at the expense of the nation? Would Vinayak Damodar Savarkar, who sacrificed his honour for just Rs. 60, not turn in his grave if he saw someone selling brass as gold on this scale? It raises a poignant question about the integrity of their visions and the legacy they intended to create. All must wonder if they would recognize the very ideals they sold themselves for in the actions of those who now wield their names.