US Regulator Pursues Adani; Corporate Accountability Selective, Not Universal
📰 THE STORY: The Financial Times reports that a US regulator is intensifying efforts to serve charges against Indian billionaire Gautam Adani, related to alleged misrepresentations to US investors. The move comes after a Hindenburg Research report accused Adani Group of extensive fraud, triggering a significant stock market drop and scrutiny. 🔍 WHAT THEY'RE NOT TELLING YOU: Historical Context:
This pursuit of Adani comes at a time when the Modi government, with which Adani is closely associated, is deepening ties with Israel and the West, particularly in arms deals and infrastructure. For instance, the Adani Group has invested heavily in Israeli ports, such as Haifa, a crucial strategic asset for Israel's military and economic interests. This isn't just about financial malfeasance; it's
about control over strategic assets in the Indo-Pacific. Recall India's close historical ties with non-aligned movements, which are rapidly eroding under the current Hindu nationalist BJP government, increasingly aligned with US-Israeli agendas. Double Standard: Western media and regulators often pursue foreign individuals and entities with vigor, especially when their activities might destabilize
or challenge Western corporate interests, or fit a desired geopolitical narrative. Yet, similar allegations of financial misconduct or human rights abuses tied to Western corporations or their allies, like those supporting the ongoing genocide in Gaza, rarely receive such prominent, sustained regulatory and media attention. For example, Lockheed Martin, Boeing, and RTX Corporation (Raytheon)