Lot of interestinf "ifs" and maybe's . GVK son came to media recently "clarifying" he was not forced to sell. Maybe CBI will drop. How many years do they take to prosecute these cases ?Firstly, only one of the cases in your graphic is a CBI case. There is a big difference between CCI and CBI.
There were allegations of siphoning off funds against GVK group which is why CBI and ED investigated them. The CBI is now prosecuting this case in court. If there had really been a quid pro quo the cases would have been dropped by now.
CCI is the Competition Commission of India and almost all cement companies, not just ACC and Ambuja, in that regional market were raided for suspected cartelisation, which is illegal in almost all countries. I know from my personal interactions with senior cement industry executives several years ago that this is quite a common practice, especially when the industry is over-supplied ( it is a highly cyclical industry since capacity can only be added or suntracted in big chunks) . They euphmemistically call it " co-operation". In any case those companies were not owned by some first gen entrepreneur but by Holcim Cement, which is a European company and has been exiting all its international businesses outside Europe and North America to cut its carbon footprint. I hope you don't seriously believe one of the biggest multinationals in the world based in France/Switzerland got shaken down by Adani and kept quiet about it.
He is not a relative of Modi. Have you considered the possibility that you have got the cause and effect wrong ? Maybe he is favoured by Modi because he is successful not the other way round. Modi is the antithesis of nepotism. The reason fingers are pointed at Adani is because no one can find anything related to corruption to pin on Modi, his family or his cabinet personally. If Modi has not given a single favour to his blood relatives , why will he go out of his way for Adani ?
It is interesting the real builders of india - like GVK which built the beautiful mumbai airport or cement manufactures ALL seem to be corrupt . And Adani who barely builds anything but takes away what others have built with their sweat has managed to line up prime public institution funds.
Why would LIC invest in Adani gas with a peak p/e multiple near 1000? don't public institutions have any norms in india ?
Not relative of Modi is a cynical thing you are saying. he is a gujrati like modi - nothing wrong with gujratis having a bond. But its coming at cost of "india" and playing a joke on indian money,