: Adani Bubble: A Researched Prick #WorldNEWSAll If Gautam Adani knew that Hindenburg Research could hit him so hard, he would have offered a price and bought it like NDTV he bought. In December 2022,

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Adani Bubble: A Researched Prick #WorldNEWSAll
If Gautam Adani knew that Hindenburg Research could hit him so hard, he would have offered a price and bought it like NDTV he bought.
In December 2022, when the agitation of the fish workers at Vizhinjam in Kerala was at its peak, I wrote an open letter to Gautam Adani, head of the Adani Group, to include the cost of rehabilitation of those who lost their houses and were living in a miserable condition, in the project cost and win their confidence.
Let me quote from the letter published in this magazine, “If the rehabilitation of the fish workers would cost, say, Rs 50 crore or Rs 100 crore, please include it in the project cost. Nobody would object. If each displaced fish worker gets a plot of land where he can build a permanent house, not far from the sea, he would be more than happy to withdraw the agitation”.
Around the same time, I heard a spokesman of the Adani Group claim that whatever they could do was done to mitigate the hardship of the people affected and nothing more could be done. He specifically mentioned the number of laptops distributed under the company’s Corporate Social Responsibility (CSR) programme.
When I heard him, I remembered the video of a mother standing before an open toilet to let her daughter have some privacy as she eased herself. Could the laptop have given her privacy? I concluded my letter requesting him to be generous to the poor fish workers of Vizhinjam.
Before that, I also warned him of what could happen. Let me quote the letter again: “The great Malayalam poet Poonthanam’s Jnanappana (The fountain of wisdom) written in the 16th century has these thought-provoking lines:
“If God wishes, the people we see now or are with us now, may disappear or be dead in the next moment. Or, if He wishes, in a few days, a healthy man may be paraded to his funeral pyre.
“If God wishes, the king living in a palace today may lose everything and end up carrying a dirty bag on his shoulders and walk around homeless”. He reminds us about the fleeting nature of wealth. ”
Adani did not send a reply, let alone loosen his purse strings to settle the problem. Instead, with the help of the police, he allowed the agitation to be suppressed.
Not even two months have passed since I wrote that letter. At that time, Gautam Adani was the richest man in India, nay Asia. He was the third richest person in the world. He used to create wealth at the rate of Rs 1612 crore per day to outpace Jeff Bezoz of Amazon.
During the last few days, Adani has lost billions of rupees. At the rate at which the value of the shares of Adani Enterprises and other Adani companies has been plummeting, one really wonders whether it is the beginning of the end of the Adani business saga.

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