How a corrupt prince, a Saudi arms dealer, & a Banana empire set the stage Adani's US indictment
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- เผยแพร่เมื่อ 22 พ.ย. 2024
- Fifty years ago, the revelation that American multinationals had been bribing officials across the world to secure contracts led the United States to enact an extraordinary piece of legislation banning bribe-giving overseas. The Foreign Corrupt Practices Act was an unprecedented bid to bring order to global trade. As many companies have discovered, the Act can bite hard.
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A beautiful historical review. Well narrated. Thank you.
Great piece explaining the background of FCPA.
Wonderful observation, Thanks Sir, ,to help educate common man
Its a RULE ( have to Give Bribes ) in INDIA 🇮🇳
Bribing and lobbying is law in US
Bro. You need a good mic.
Love your work 👌🫡 Thanks 🙏
I thoroughly enjoy your videos and well-researched story telling. Thank you very much
Even US agencies investigating accepts bribery by way of fines & settles the cases?- US justice system.
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
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
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!
3:02 What did I hear 😂
Very good educative informative podcast .
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.
Good informative and thought provoking video. Wish some of the anchors of tv channels watch this once before debating on channels.
Please improve sound quality
But Papa will save him
FCPA , damn americans are really creative with names
Laws are subverted by the very same machinary that created it in the first place.
America is doing opposite to wht it preaches. Chalta gai.
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 😂
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
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.
lucid
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.
Too much irrelevant stuff.
Modani scammers ltd
Umm sirji thank you as always for a wonderful erudite history lesson
Buy Adani shares
I think you know why 😅
Appreciate the historical review, well done!
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