Adani is target of American ire over India’s purchase of oil from Russia.
In multiple ways, the U.S. State Department and now the Attorney General has built up cases against India. None of them will stand the court scrutiny.
Highly biased American media receives information leaks to upset India. All the headlines will be proven useless as Biden has lost elections…… good for India.
Adani isnt targetted due to Russian Oil, which is more Ambani anyways ( as he is the one getting the oil into his super-refinery in Gujarat from where it goes to Europe).
Adani is facing systematic convergent attack from USA & China, because Adani is expanding India's logistical footprint globally.
Wealth is first and foremost the game of acess to resources. Everything follows from that basic first step pipeline: get access to resources.
True for individuals, true for countries as well. Adani is the ONLY major corporate entity in India that is building ports, airports, logistical hubs and has established expertise in the matter. This industry yeilds 'operating rights ' as standard business model, meaning when Adani builds ports in Kenya, he will get operating rights to the port for next 50-100 years, meaning India gets preferential treatment for docking rights for ships that ferry goods between India and Kenya. Which Unkil & China cannot allow because that 'locks in Kenya' to India, as India & Kenya are more ideal market coupling than Kenya-China or Kenya-USA due to geography.
This industry is also highly corrupt, if not THE most corrupt, because it involves a lot of extra layers of government & state interests & meddling and dealing WITH govt entities allround. Bribes happen to babus in every single contract.
So Adani being a chor is not the issue, because every single US, Chinese, EU companies in this sector are ALSO chors and far more accomplished Chors, with far more established CV for bribing govt. officials etc.
This is the game that is being played and this is the trap that is set for Adani: the chor who has eye of Sauron on him, amongst all the Chors.
There are only 3 scenarios this plays out in the immediate term:
a) Adani loses and is restricted to more or less an India-only logistical role, being reliant on whims of 3rd party port rights holders for trade chokage between India & given trade nation(2nd party).
b) GoI throws full support to Adani and rescues the projects through G2G pressure plays, manuevers, etc.
c) GoI encourages more big corps from India to enter the sector, serving as both competition & bulkwar to Adani corp. and create more targets than Sauron can follow.