Fantastic historical perspective. I would like to add three more footnotes. 2011 - promise to appoint Lokpal and the Anna Hazare campaign. 2014 - Na khaoonga. Na khanedoonga. 2016 - Rafael deal with Anil Ambani as the intermediary. And 4th. Electoral Bond scheme. Hilarious stuff from an India perspective!
Yes, if you like soft-corrupt(soft because it slightly justified with corrupt examples from British ERA, Saudi, he could have added Russia, may be next time). Its not new Gupta-ji once praised(us ed, family...even neil amstrong) Rishi Agarwal, gave soft-justification in the 1st 5min about biggest bank fraud(22,000+ Cr) ruclips.net/video/IcERDlgGxPU/видео.html
US court issued a warrant to seize the phone of Company A nephew, which revealed evidence of criminal financial transactions. Company A bribery led to high electricity prices, due to the selling the imported low-quality coal marked & sold as high-quality coal to states. I wish that our central agencies conduct impartial investigations into the company & officials. Only they are responsible for their illegal activities. In the US, lobbying is a registered & legal, however bribery is crime. It is important to understand the difference between legitimate & illegal activities. I also hope agencies stop targeting businesses from non-Gujarat states based on mere suspicion. Fair treatment is vital for a robust economy. P.s large companies often have businesses running in many states, regardless of which Party governs there. In most or majority of the states, business decisions are dependent on if central agencies like ministry of new and renewable energy can add pressure on state officials
Mr Swami, Great history lesson, lots of other examples of US companies and their subsidiaries being caught up by SEC. You did forget to answer the question you said was perplexing a lot of people? Legality of an American authority on an Indian company allegedly bribing Indian officials. Disappointing.
Mr Swamy, while many rich and famous columnists are furiously jostling with each other to enlist as apologists for all kinds of wrongdoers under various pretexts and similar figleaves, you have had the courage to stand by the polite but firm refrain: "it ain't fair!" Congratulations. In addition to incisive gyaan, you also have strong values!
Well done, really good video. One thing I've noticed that is missing from all the discussions around this scandal is the lack of concern for the most vulnerable element of this sordid deal-making: the poor Indian consumer. Bribery and corruption has one notable loser always, the person buying the product. In India, I imagine, there is no choice in the selection of an electricity provider. In this case SEBI (Solar Energy Board of India, I may have got that wrong) made a "deal" for an abnormally high price with the energy provider (Adani), which they then would have passed on to the end user (the Indian electricity consumer). The SEC also realised that all bribery and corruption that involved governments ended up eventually being paid by the taxpayer - because the people paying the bribes got that money back through higher prices. In the US corruption cases of the years leading up to the formation of the SEC there was rarely any government involvement - it was usually done by either private individuals or more likely by publicly listed corporations. In this case in India there is quite clearly government involvement at various levels, reaching to the very top. It is no secret to most Indians, I imagine, that Mr Adani and Mr Modi are very close friends.
Yes, if you like soft-corrupt(soft because it slightly justified with corrupt examples from British ERA, Saudi, he could have added Russia, may be next time). Its not new Gupta-ji once praised(us ed, family...even neil amstrong) Rishi Agarwal, gave soft-justification in the 1st 5min about biggest bank fraud(22,000+ Cr) ruclips.net/video/IcERDlgGxPU/видео.html
Excellent exposition as always. I thoroughly enjoy your deep analysis and crisp presentation without any bias whatsoever. Such clarity of mind - unadulterated- is a disappearing trait. Request you to please train a few boys and girls to imbibe your skills and talents. Good day Sir. Regards. Ranganathan
Thank you for those last few sentences. The rest of the entire episode seemed like 'the Print' was almost trying to justify corruption, almost as if the defence lawyer of a murderer who is facing almost certain sentence is systematically listing out to the judge all the murders that took place in the past, indicating that 'my client has done nothing new' and therefore 'my client is innocent'. If not for the last few sentences, this episode would have been outrageously ridiculous. What is also noticeable past few days is that The Print has not tried to dig into the case itself, ever, but rather circled around the matters like 'what this means', 'why he will NOT be extradited', 'how this is not yet proven', 'why he will NOT be arrested', etc etc. Something very spooky here. Get the grip Print!
You've got capitalism all wrong. Theoretically, capitalism has never been about unfettered, fair, "free" markets. It's always been about corporations being hand-in-glove with governments to quash competition, consumers and labor
What is questionable about Adani's indictment is that it the same people who have bought out charges on Pannu's case etc by the NY Eastern District Court US Attorney Breon Peace an Obama man ...with the same judge a Biden Appointee, the judge who convicted Trump. What is even more interesting is that it has been done a day before Adani was to raise money in US, not to mention the Hindenburg Tamasha last year targeting Adani. People forget that west has done similar hit and run attempts with other Indian Business Men like reliance and Mittal.
Breon pease wife work for sorohs Jaqueline Jins is Director of EQUAL JUSTICE INiTIATIVE founded by Brian Stevenson who’s programme board member of Open Society Forum by sorohs Tale Teller of whole drama against Adani
America may have become jealous of India's prosperity. But is not it better to have an inquiry to clear the matter? If the Indian government avoids an inquiry, the suspicion will deepen about its complicity.
It is shameful that the World sees the crime of Adani,but our own Govt. does nothing. Even a small economy like Nigeria is cancelling contracts.......while Godi media and Whattsapp university is trying to protect an obvious wrong doer!!! Shame on us...shame on Adani.....shame on Modi!!
US is very prompt on taking action against Indian businesses and must be wherever illegality is established. On the same lines there are many US companies operating in India which have charges related to bribing Indian officials through their agents. Will the Indian authorities charge the global CEOs of these top companies of wrongdoing and issue arrest warrants is to be seen.
"there are many US companies operating in India which have charges related to bribing Indian officials through their agents." --- Kindly name 3 examples...
"there are many US companies operating in India which have charges related to bribing Indian officials through their agents." Please name some examples. The act applies to U.S. companies as well so they are much better than our corrupt regulatory agencies at prosecuting their own companies as well as is evident from the walmart case mentioned in the video
The quid pro quo of US is practiced blatantly by super pacs etc. Everyone knows Kamala spent 1 billion $ for her campaign. And Zuckerberg gave up to 400 million. And Elon spent around 125 million. So how what Adani did is different!
Yes, however they did not lie to their investors. Remember Gautum Adami testified that the underlying bonds (loans) would not be used to bribe public officials of a foreign nation. Then he destroyed evidence of doing that and try to cover up his crime.
Relax!! Don't worry!!! This is what happens when the leader is weak. Every Tom Dick and Harry starts calling the shots. I am sure when President Biden and upcoming President Trump will learn about this sorry affairs the heads will roll in the respective department.
is lolu ko batao ki gadhe that act of briibing should be for own country officia bribing for contract not some other country bribing ,isko bolte h world policing an sovereignity not respected kalko biden laptop mai jo data h uske wajah s india security would be affected to indian should file PIL in supreme court
Fantastic historical perspective. I would like to add three more footnotes. 2011 - promise to appoint Lokpal and the Anna Hazare campaign. 2014 - Na khaoonga. Na khanedoonga. 2016 - Rafael deal with Anil Ambani as the intermediary. And 4th. Electoral Bond scheme. Hilarious stuff from an India perspective!
Bro. You need a good mic.
A beautiful historical review. Well narrated. Thank you.
ThePrint is hands down the best and only good source of news about India. Thank you!
Yes, if you like soft-corrupt(soft because it slightly justified with corrupt examples from British ERA, Saudi, he could have added Russia, may be next time). Its not new Gupta-ji once praised(us ed, family...even neil amstrong) Rishi Agarwal, gave soft-justification in the 1st 5min about biggest bank fraud(22,000+ Cr) ruclips.net/video/IcERDlgGxPU/видео.html
US court issued a warrant to seize the phone of Company A nephew, which revealed evidence of criminal financial transactions.
Company A bribery led to high electricity prices, due to the selling the imported low-quality coal marked & sold as high-quality coal to states.
I wish that our central agencies conduct impartial investigations into the company & officials. Only they are responsible for their illegal activities.
In the US, lobbying is a registered & legal, however bribery is crime. It is important to understand the difference between legitimate & illegal activities.
I also hope agencies stop targeting businesses from non-Gujarat states based on mere suspicion. Fair treatment is vital for a robust economy.
P.s large companies often have businesses running in many states, regardless of which Party governs there.
In most or majority of the states, business decisions are dependent on if central agencies like ministry of new and renewable energy can add pressure on state officials
Mr Swami, Great history lesson, lots of other examples of US companies and their subsidiaries being caught up by SEC. You did forget to answer the question you said was perplexing a lot of people? Legality of an American authority on an Indian company allegedly bribing Indian officials. Disappointing.
Your microphone quality or the audio quality seem to be quite poor.
Till you fix that , please try to speak a bit slow or simplify your message
Mr Swamy, while many rich and famous columnists are furiously jostling with each other to enlist as apologists for all kinds of wrongdoers under various pretexts and similar figleaves, you have had the courage to stand by the polite but firm refrain: "it ain't fair!" Congratulations. In addition to incisive gyaan, you also have strong values!
Great piece explaining the background of FCPA.
Well done, really good video.
One thing I've noticed that is missing from all the discussions around this scandal is the lack of concern for the most vulnerable element of this sordid deal-making: the poor Indian consumer. Bribery and corruption has one notable loser always, the person buying the product. In India, I imagine, there is no choice in the selection of an electricity provider. In this case SEBI (Solar Energy Board of India, I may have got that wrong) made a "deal" for an abnormally high price with the energy provider (Adani), which they then would have passed on to the end user (the Indian electricity consumer).
The SEC also realised that all bribery and corruption that involved governments ended up eventually being paid by the taxpayer - because the people paying the bribes got that money back through higher prices.
In the US corruption cases of the years leading up to the formation of the SEC there was rarely any government involvement - it was usually done by either private individuals or more likely by publicly listed corporations. In this case in India there is quite clearly government involvement at various levels, reaching to the very top. It is no secret to most Indians, I imagine, that Mr Adani and Mr Modi are very close friends.
Brilliant analysis 👏
Love your work 👌🫡 Thanks 🙏
Its a RULE ( have to Give Bribes ) in INDIA 🇮🇳
Bribing and lobbying is law in US
Loved your factual story,made the whole thing easy to understand.
Yes, if you like soft-corrupt(soft because it slightly justified with corrupt examples from British ERA, Saudi, he could have added Russia, may be next time). Its not new Gupta-ji once praised(us ed, family...even neil amstrong) Rishi Agarwal, gave soft-justification in the 1st 5min about biggest bank fraud(22,000+ Cr) ruclips.net/video/IcERDlgGxPU/видео.html
I thoroughly enjoy your videos and well-researched story telling. Thank you very much
Good informative and thought provoking video. Wish some of the anchors of tv channels watch this once before debating on channels.
Excellent exposition as always. I thoroughly enjoy your deep analysis and crisp presentation without any bias whatsoever. Such clarity of mind - unadulterated- is a disappearing trait. Request you to please train a few boys and girls to imbibe your skills and talents. Good day Sir. Regards. Ranganathan
Wonderful observation, Thanks Sir, ,to help educate common man
Very good educative informative podcast .
Please improve sound quality
Even US agencies investigating accepts bribery by way of fines & settles the cases?- US justice system.
But Papa will save him
Thank you for those last few sentences. The rest of the entire episode seemed like 'the Print' was almost trying to justify corruption, almost as if the defence lawyer of a murderer who is facing almost certain sentence is systematically listing out to the judge all the murders that took place in the past, indicating that 'my client has done nothing new' and therefore 'my client is innocent'. If not for the last few sentences, this episode would have been outrageously ridiculous. What is also noticeable past few days is that The Print has not tried to dig into the case itself, ever, but rather circled around the matters like 'what this means', 'why he will NOT be extradited', 'how this is not yet proven', 'why he will NOT be arrested', etc etc. Something very spooky here. Get the grip Print!
You've got capitalism all wrong. Theoretically, capitalism has never been about unfettered, fair, "free" markets. It's always been about corporations being hand-in-glove with governments to quash competition, consumers and labor
It's like the pot calling the kettle black....it's still bad though...
Very poor audio! Please broadcast with increased volume. Let the listener adjust sound level.
What is questionable about Adani's indictment is that it the same people who have bought out charges on Pannu's case etc by the NY Eastern District Court US Attorney Breon Peace an Obama man ...with the same judge a Biden Appointee, the judge who convicted Trump. What is even more interesting is that it has been done a day before Adani was to raise money in US, not to mention the Hindenburg Tamasha last year targeting Adani. People forget that west has done similar hit and run attempts with other Indian Business Men like reliance and Mittal.
Breon pease wife work for sorohs
Jaqueline Jins is Director of EQUAL JUSTICE INiTIATIVE founded by Brian Stevenson who’s programme board member of Open Society Forum by sorohs
Tale Teller of whole drama against Adani
Please display the names of companies mentioned in the video. Some of the pronunciation is not clear.
FCPA , damn americans are really creative with names
If you got caught then you are a thief.
Appreciate the historical review, well done!
Umm sirji thank you as always for a wonderful erudite history lesson
Buy Adani shares
I think you know why 😅
America may have become jealous of India's prosperity. But is not it better to have an inquiry to clear the matter? If the Indian government avoids an inquiry, the suspicion will deepen about its complicity.
US laws allows "facilitation payments"
It is shameful that the World sees the crime of Adani,but our own Govt. does nothing. Even a small economy like Nigeria is cancelling contracts.......while Godi media and Whattsapp university is trying to protect an obvious wrong doer!!! Shame on us...shame on Adani.....shame on Modi!!
🤡🤡🤡
Don’t. Cry for. Nigeria pls
They will fall in trap of China at the cost of their nation 😂
Can’t hear clearly
lucid
Laws are subverted by the very same machinary that created it in the first place.
It appears Pappu and his associates have instigated these indictments against Adani during his many visits overseas, including the US.
US is very prompt on taking action against Indian businesses and must be wherever illegality is established.
On the same lines there are many US companies operating in India which have charges related to bribing Indian officials through their agents. Will the Indian authorities charge the global CEOs of these top companies of wrongdoing and issue arrest warrants is to be seen.
"there are many US companies operating in India which have charges related to bribing Indian officials through their agents."
--- Kindly name 3 examples...
"there are many US companies operating in India which have charges related to bribing Indian officials through their agents." Please name some examples. The act applies to U.S. companies as well so they are much better than our corrupt regulatory agencies at prosecuting their own companies as well as is evident from the walmart case mentioned in the video
The quid pro quo of US is practiced blatantly by super pacs etc. Everyone knows Kamala spent 1 billion $ for her campaign. And Zuckerberg gave up to 400 million. And Elon spent around 125 million. So how what Adani did is different!
When you take the dic's tator out of your mouth, you shall see clearly....
Yes, however they did not lie to their investors. Remember Gautum Adami testified that the underlying bonds (loans) would not be used to bribe public officials of a foreign nation. Then he destroyed evidence of doing that and try to cover up his crime.
America is doing opposite to wht it preaches. Chalta gai.
Relax!! Don't worry!!! This is what happens when the leader is weak. Every Tom Dick and Harry starts calling the shots. I am sure when President Biden and upcoming President Trump will learn about this sorry affairs the heads will roll in the respective department.
Too much irrelevant stuff.
Modani scammers ltd
Saudi bad paj eets good. Get caught pa jeet cries.
Here comes commie swami with his 2 cent 😂
Bribes is a Rule in India 🇮🇳
Here come andh-bhakts, eager to protect their Paw Paw's endless banker...🤣🤣🤣🤡🤡🤡
😄. Modani supporter
@@shantanusapruwait for 23rd result uske baad tum jaise sadak chaap commies ka ache se ilaj hoga
Bent upon protecting the Culprit, rather a Criminal.
is lolu ko batao ki gadhe that act of briibing should be for own country officia bribing for contract not some other country bribing ,isko bolte h world policing an sovereignity not respected kalko biden laptop mai jo data h uske wajah s india security would be affected to indian should file PIL in supreme court