Hindenburg’s allegations ‘irrelevant’: US govt says on $553 million loan to Adani group for Sri Lanka port project

OpIndia bringing the ‘right’ side of India OpIndia bringing the ‘right’ side of India Wednesday, December 6, 2023 Latest News About Us Contact Us Write for Us MyVoice Facebook Instagram RSS Twitter Youtube OpIndia bringing the ‘right’ side of India Politics ‘Sunk in 3 States, has Zamindari culture’: TMC mouthpiece slams Congress after poor election performance, hints at making Mamata I. N. D.

I. Alliance leader BJP increases vote share in Telangana but fails to win even as anger brewed against KCR: How it got the chemistry wrong, not mathematics As Congress supports ‘special rights’ to Muslims, BJP leader Bommai hits out, says Siddaramaiah is diverting SC,ST funds, indulging in minority appeasement TMC leader calls Syama Prasad’s slogan ‘Ek Pradhan, Ek Nishan, Ek Vidhan’ a ‘political slogan’, HM Amit Shah hits out: Read about the war. .

. ‘Congress lost Rajasthan because they ignored Karni Sena’: What Karni Sena President Sukhdev Singh Gogamedi said only two days before he was shot dead Opinions BJP increases vote share in Telangana but fails to win even as anger brewed against KCR: How it got the chemistry wrong, not mathematics Lies, falsehoods, and blatant propaganda: Bloomberg article by Ruth Pollard is a symphony of seething and coping after BJP’s electoral victory in 3 states Ravish Kumar’s bizarre rant: Ex-NDTV journalist says Shivraj Chouhan defeated Narendra Modi in the MP assembly election Congress ecosystem plays up ‘north-south’ divide after humiliating poll drubbing in Rajasthan, MP, and Chhattisgarh Vastu compliant secretariat building, national ambitions and more: How KCR lost touch with Telangana Fact-Check All Media Fact-Check Political Fact-Check Social Media Fact-Check NDTV fact-checks Congress’ Supriya Srinate, says they did not conduct any ‘poll of polls’ for Telangana No, Shakib Al Hasan wasn’t beaten up on his return to Bangladesh after the World Cup: Here’s the truth about the viral video Madhya Pradesh: Political fight between two groups in Jabalpur portrayed online as an attack on Sikhs Congress uses edited Disney Hotstar video starring Kartik Aaryan to claim he has joined their campaign in MP, gets fact-checked by actor Media Rajdeep Sardesai tortures data to death, and compares apples with oranges, to try and give hope to Congress after party’s drubbing in assembly elections Lies, falsehoods, and blatant propaganda: Bloomberg article by Ruth Pollard is a symphony of seething and coping after BJP’s electoral victory in 3 states ‘Instead of going to CM’s residence and stuffing face with food or singing melodies in private jets…’: BJP leader Amit Malviya calls out Rajdeep. .

. Muslim journalist repeats claim about Prophet Mohammad’s marriage with young Ayesha, which was pointed out by Nupur Sharma, wins praise by Islamists instead MSNBC takes Mehdi Hasan’s show off air as ratings tank and his pro-Islamist rants get few takers: Here is the full story Variety All Books Culture and History Satire WTF News UP: Pet cat bites Imtiazuddin and his son Azim in Kanpur; both die of rabies within a week Suffering from headaches for 5 months, a Vietnamese man learns that he had two chopsticks stuck in his brain “There was some divine power which. .

”: Former CJI Ranjan Gogoi’s autobiography talks about Ram Mandir judgment, and the hurdles he faced during it World Hindu Congress in Bangkok adopts a declaration embracing ‘Hindutva’ as Sanatan Dharma’s English name, renounces ‘Hinduism’ Specials All Interviews OpIndia Explains OpIndia Scoops Riots reduced by 50% under PM Modi Govt, 2022 the most peaceful year: Riots reduced by 90% in BJP-ruled states, increased by 30% in. . .

Here is why Muslim votes shifted from KCR’s BRS: Jan Ki Baat founder Pradeep Bhandari explains Telangana results and Congress strategy From introducing IPC 295a to Sharia in NIT Srinagar: Indicative list of how perennially outraged Islamists have their halal-certified cake and eat it too “There was some divine power which. . ”: Former CJI Ranjan Gogoi’s autobiography talks about Ram Mandir judgment, and the hurdles he faced during it More… Social Media Entertainment Political History of India Government and Policy Economy and Finance Sports World Crime Law Support Us हिन्दी में ગુજરાતીમાં Search OpIndia bringing the ‘right’ side of India Politics News Reports ‘Sunk in 3 States, has Zamindari culture’: TMC mouthpiece slams Congress after poor election performance, hints at making Mamata I.

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Alliance leader Opinions BJP increases vote share in Telangana but fails to win even as anger brewed against KCR: How it got the chemistry wrong, not mathematics News Reports As Congress supports ‘special rights’ to Muslims, BJP leader Bommai hits out, says Siddaramaiah is diverting SC,ST funds, indulging in minority appeasement News Reports TMC leader calls Syama Prasad’s slogan ‘Ek Pradhan, Ek Nishan, Ek Vidhan’ a ‘political slogan’, HM Amit Shah hits out: Read about the war. . .

News Reports ‘Congress lost Rajasthan because they ignored Karni Sena’: What Karni Sena President Sukhdev Singh Gogamedi said only two days before he was shot dead Opinions Opinions BJP increases vote share in Telangana but fails to win even as anger brewed against KCR: How it got the chemistry wrong, not mathematics Opinions Lies, falsehoods, and blatant propaganda: Bloomberg article by Ruth Pollard is a symphony of seething and coping after BJP’s electoral victory in 3 states Opinions Ravish Kumar’s bizarre rant: Ex-NDTV journalist says Shivraj Chouhan defeated Narendra Modi in the MP assembly election News Reports Congress ecosystem plays up ‘north-south’ divide after humiliating poll drubbing in Rajasthan, MP, and Chhattisgarh News Reports Vastu compliant secretariat building, national ambitions and more: How KCR lost touch with Telangana Fact-Check All Media Fact-Check Political Fact-Check Social Media Fact-Check News Reports NDTV fact-checks Congress’ Supriya Srinate, says they did not conduct any ‘poll of polls’ for Telangana Fact-Check No, Shakib Al Hasan wasn’t beaten up on his return to Bangladesh after the World Cup: Here’s the truth about the viral video News Reports Madhya Pradesh: Political fight between two groups in Jabalpur portrayed online as an attack on Sikhs Fact-Check Congress uses edited Disney Hotstar video starring Kartik Aaryan to claim he has joined their campaign in MP, gets fact-checked by actor Media Media Rajdeep Sardesai tortures data to death, and compares apples with oranges, to try and give hope to Congress after party’s drubbing in assembly elections Opinions Lies, falsehoods, and blatant propaganda: Bloomberg article by Ruth Pollard is a symphony of seething and coping after BJP’s electoral victory in 3 states Politics ‘Instead of going to CM’s residence and stuffing face with food or singing melodies in private jets…’: BJP leader Amit Malviya calls out Rajdeep. . .

News Reports Muslim journalist repeats claim about Prophet Mohammad’s marriage with young Ayesha, which was pointed out by Nupur Sharma, wins praise by Islamists instead News Reports MSNBC takes Mehdi Hasan’s show off air as ratings tank and his pro-Islamist rants get few takers: Here is the full story Variety All Books Culture and History Satire WTF News News Reports UP: Pet cat bites Imtiazuddin and his son Azim in Kanpur; both die of rabies within a week News Reports Suffering from headaches for 5 months, a Vietnamese man learns that he had two chopsticks stuck in his brain Specials “There was some divine power which. . ”: Former CJI Ranjan Gogoi’s autobiography talks about Ram Mandir judgment, and the hurdles he faced during it Culture and History World Hindu Congress in Bangkok adopts a declaration embracing ‘Hindutva’ as Sanatan Dharma’s English name, renounces ‘Hinduism’ Specials All Interviews OpIndia Explains OpIndia Scoops OpIndia Explains Riots reduced by 50% under PM Modi Govt, 2022 the most peaceful year: Riots reduced by 90% in BJP-ruled states, increased by 30% in.

. . News Reports Here is why Muslim votes shifted from KCR’s BRS: Jan Ki Baat founder Pradeep Bhandari explains Telangana results and Congress strategy Specials From introducing IPC 295a to Sharia in NIT Srinagar: Indicative list of how perennially outraged Islamists have their halal-certified cake and eat it too Specials “There was some divine power which.

. ”: Former CJI Ranjan Gogoi’s autobiography talks about Ram Mandir judgment, and the hurdles he faced during it More… Social Media Entertainment Political History of India Government and Policy Economy and Finance Sports World Crime Law Support Us हिन्दी में ગુજરાતીમાં More Search Home News Reports Hindenburg’s allegations ‘irrelevant’: US govt says on $553 million loan to Adani group for. .

. Editor’s picks Featured News Reports World Updated: 6 December, 2023 Hindenburg’s allegations ‘irrelevant’: US govt says on $553 million loan to Adani group for Sri Lanka port project The Sri Lankan port project with Adani is one of the biggest and most prominent US government-backed infrastructure projects in Asia. Over the years, the US has been making efforts to counter growing Chinese influence in the region and Chinese President Xi Jinping’s Belt and Road Initiative.

6 December, 2023 OpIndia Staff US extended loan to Adani group as it found Hindenburg’s allegations irrelevant (Image Source – English Jagran) Facebook Twitter Telegram Email WhatsApp 8 The US administration extended a $553 million loan to the Adani group after it found that Hindenburg’s allegations against the Adani group were irrelevant , Bloomberg reported on 5th December citing an unnamed US official. “The US government concluded that short-seller Hindenburg Research’s allegations of ‘corporate fraud’ against Indian billionaire Gautam Adani weren’t relevant before extending his conglomerate as much as $553 million for a container terminal in Sri Lanka,” a senior US official was quoted saying by Bloomberg. Speaking with Bloomberg, an official from the US agency said that allegations in a scathing report by US-based Hindenburg Research were front and center as the International Development Finance Corp.

, or DFC, conducted a due diligence investigation of the conglomerate. According to the DFC official who declined to be named, the DFC was satisfied that the accusations in the short seller Hindenburg’s report weren’t applicable to Adani Ports & Special Economic Zone Ltd. , the subsidiary that is spearheading the Sri Lankan project.

The official confirmed that the agency was satisfied with its due diligence as it found no relevance in Hindenburg’s allegations of Adani pulling off supposed corporate malpractices. Notably, the Adani Group’s market value eroded by around $100 billion after short-seller’s hitjob against the Indian conglomerate. Meanwhile, the official claimed that the US agency will continue to monitor the Indian firm to ensure that the US government doesn’t unintentionally support financial misconduct or other inappropriate behavior.

The official noted that the US approaches infrastructure projects differently than China. The Sri Lankan port project with Adani is one of the biggest and most prominent US government-backed infrastructure projects in Asia. Over the years, the US has been making efforts to counter growing Chinese influence in the region and Chinese President Xi Jinping’s Belt and Road Initiative.

The Adani Group denied Hindenburg’s allegations and described its report as a ‘malicious combination of selective misinformation and stale, baseless and discredited allegations’. The Adani Group has hailed the DFC’s investment as a vote of confidence following the Hindenburg allegations. CEO of Adani Ports and Gautam Adani’s son, Karan Adani told reporters in Colombo when the deal was announced, “We see this as a reaffirmation by the international community of our vision, our capabilities, and our governance.

” Meanwhile, the Supreme Court on 24th November reserved its judgment on a PIL seeking a Court-monitored investigation into Hindenburg’s allegations against the Adani group. However, the apex court had remarked that it is easy to make allegations against anyone, adding that petitioners should show some responsibility while levelling charges against any party. The court observed that one doesn’t have to accept the Hindenburg report as correct as it is easy to make allegations and that it had no reason to doubt SEBI.

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Alliance leader OpIndia Staff – 5 December, 2023 The TMC mouthpiece used the ‘Zamindar’ phrase to refer to Congress’ culture of big-brotherly attitude and its tendency to look down upon other Opposition parties within the I. N. D.

I. Alliance. Opinions BJP increases vote share in Telangana but fails to win even as anger brewed against KCR: How it got the chemistry wrong, not mathematics S.

Sudhir Kumar – 5 December, 2023 For many decades leading up to the 2019, victory in Telangana has eluded the karyakarta. Hence the anguish. They saw real hope post-2014.

Hence the excitement. As Congress supports ‘special rights’ to Muslims, BJP leader Bommai hits out, says Siddaramaiah is diverting SC,ST funds, indulging in minority appeasement 5 December, 2023 Gangster associated with Lawrence Bishnoi claims responsibility for the murder of Karni Sena chief. Here is what we know so far 5 December, 2023 Madhya Pradesh: Valik Pathan attacks BJP workers for celebrating victory, wife Shabnam throws boiling water from roof, son attacks with knife 5 December, 2023 Sachin Pilot was being followed and his phone was tapped: Here is what Ashok Gehlot’s OSD said, widening rift in Rajasthan Congress 5 December, 2023 Recently Popular Politics As T Raja Singh wins again, here is a glimpse into the hate campaign unleashed against him by Islamists OpIndia Staff – 4 December, 2023 News Reports Ghaziabad: Junaid, others gang-rape woman upon learning she is Hindu, Muslim couple accompanying victim watch on, police probe possible involvement OpIndia Staff – 4 December, 2023 Crime Madhya Pradesh: Valik Pathan attacks BJP workers for celebrating victory, wife Shabnam throws boiling water from roof, son attacks with knife OpIndia Staff – 5 December, 2023 Opinions Ravish Kumar’s bizarre rant: Ex-NDTV journalist says Shivraj Chouhan defeated Narendra Modi in the MP assembly election Anurag – 4 December, 2023 Opinions Lies, falsehoods, and blatant propaganda: Bloomberg article by Ruth Pollard is a symphony of seething and coping after BJP’s electoral victory in 3 states Sanghamitra – 5 December, 2023 News Reports ‘Congress lost Rajasthan because they ignored Karni Sena’: What Karni Sena President Sukhdev Singh Gogamedi said only two days before he was shot dead OpIndia Staff – 5 December, 2023 – Advertisement – Latest News ‘Sunk in 3 States, has Zamindari culture’: TMC mouthpiece slams Congress after poor election performance, hints at making Mamata I.

N. D. I.

Alliance leader OpIndia Staff – BJP increases vote share in Telangana but fails to win even as anger brewed against KCR: How it got the chemistry wrong, not mathematics S. Sudhir Kumar – As Congress supports ‘special rights’ to Muslims, BJP leader Bommai hits out, says Siddaramaiah is diverting SC,ST funds, indulging in minority appeasement ANI – TMC leader calls Syama Prasad’s slogan ‘Ek Pradhan, Ek Nishan, Ek Vidhan’ a ‘political slogan’, HM Amit Shah hits out: Read about the war. .

. ANI – Gangster associated with Lawrence Bishnoi claims responsibility for the murder of Karni Sena chief. Here is what we know so far OpIndia Staff – Madhya Pradesh: Valik Pathan attacks BJP workers for celebrating victory, wife Shabnam throws boiling water from roof, son attacks with knife OpIndia Staff – ‘Congress lost Rajasthan because they ignored Karni Sena’: What Karni Sena President Sukhdev Singh Gogamedi said only two days before he was shot dead OpIndia Staff – Sachin Pilot was being followed and his phone was tapped: Here is what Ashok Gehlot’s OSD said, widening rift in Rajasthan Congress OpIndia Staff – Delhi Police arrest Zishan and Zubair for posing as Police officials to loot spa and massage centres, used to demand sexual favours too OpIndia Staff – Khalistan Liberation Force chief and Bhindranwale’s nephew Lakhbir Singh Rode dies aged 72 in Pakistan OpIndia Staff – Read all the latest news Connect with us 255,564 Fans Like 665,518 Followers Follow 37,300 Subscribers Subscribe Subscribe to our Newsletter Each morning, get an email to keep updated with all the news, opinions and analysis published by OpIndia.

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