Hello readers 👋
Before my blogs get too personal. I thought of writing on something that is personal yet not so personal.
Paranjoy Guha Thakurta- Journalist , a documentary filmmaker and the author of gas wars and sue the messenger. He has been a guest faculty in IIMs and taught in JNU and university of delhi . And is one of the most veracious reporters around us today (Atleast that's what you feel when you read his books, he fearlessly targets capitalism, prefers staying unknown, could not be bought even by the richest man like many other journalists can be)
It all started when the editor of a portal named the citizen- seema mustafa asked paranjoy to write or rather compile the articles and information about the adani topic. He wrote his first article about PM's visit to australia along with Gautam Adani and Arundhati Bhattacharya (The head of SBI).He also wrote about the rumours that SBI would give a billion dollar loan for a project in Galilee Basin in Queensland (which was at that time described as the world’s biggest greenfield coal mining project). Australian environmental groups were seen protesting against the idea and briefing that the project does not just include coal mines and that it's a huge project.
In the end the loan was not materialized and the project scaled down.
He was issued with arrest warrant for a defamation case against adani. He was also jailed following his articles on allegations of Adani tax evasion.Entities of the Adani Group have filed more than six cases of defamation against him.
Indian press freedom on exhibition ig 🤷♀️.
It took Hidenburg's report for indians to get to know about an indian journalist's struggle against an indian billionaire 👏.
Hindenburg is a short seller. They published a report on January 25th 2023 accusing the Adani Group of financial irregularities, leading to a significant drop in the company's stock price. Hindenburg likely profited from this by buying back the borrowed shares at a lower price(Wallstreet brains 😎). A Young man named Nathan Anderson is the founder of Hindenburg Research which is a New York-based investment management firm,Hindenburg was the former president of Germany thanks to whom Hitler came to power, Nathan gave his own company this name because it symbolised or epitomised a man-made disaster. For starters Hidenburg's like stratton oakmont 😉 except for they were brokerages and Hidenburg's not a client based firm.
Meet Nathan (Shaddy picture's for a purpose)
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Recently ,a year and a half after the explosive Hindenburg Report on Adani, the Indian regulator accused the US-based short seller of malpractice to which Hindenburg responded that SEBI wants to silence it and protect the corrupt.
In a debate of Hindenburg against SEBI, I stand with paranjoy guha thakurta. You might wonder Why do I have so much sympathy for a random journalist (well, he is not any other journalist) but here in the current scenario his state represents the state of press freedom in INDIA. And he wants SEBI and SBI to look into the allegations keenly one more time bcz these are allegations made even before the Hindenburg report came out.
He believes that press freedom in India is under greater threat than ever before.
These kinds of legal actions are what you call SLAPPS, or Strategic Litigation Against Public Participation. The idea is to send a message to everybody else that if they can do it to a 67-year-old person like him with 45 years of work experience, who has worked in some of the leading media organisations in the country, it can happen to anybody.
Mr.Paranjoy resigned from the post of editor of ECONOMIC AND POLITICAL WEEKLY (EPW), If people like him left the media it would make the pillar even weaker.For me it was not about Hindenburg or billionaires, it's all for the Indian Press Freedom.
Actully i want to know what did he wrote in his artical, that would give me a better understanding about was was he acused. If possible you can provide link to his artical as well. But really well written and also engaging , well researched and the points you wrote about Hindenburg balances out your pov on the adani situation, may be the Hindenburg report has negative bias against adani which definitely benifits them. Looking forward for more such blogs.
ReplyDeleteThank you for your appreciation!
DeleteHere's the article link- https://www.newsclick.in/Justice-Arun-Mishra%27s-Final-Gift-of-8000-Crore-to-Adani
Definitely the press does not have so much freedom to speak againt the goverment or instutions supported by the goverment. But dont you think it's always like that in any corner of the world. Because naratives are driven by power. I think the same thing goes on in all the powerful countries. And this thing should definitely change. And everyone should get a balanced understanding what is going on in our country.
ReplyDeleteYou started with contradiction and ended up convinced.
DeleteThank you
Nice Blog ✨
DeleteNice blog! You made a person like me who is not much into media or politics or commerce to read your article till end. Your captivating words had the power that can shake the whole world from the swoon it lies in today. Keep writing!!! Would love to know your fiction views if you do have a thing for fiction that is 🙌🏻🙌🏻
ReplyDeleteHey!
DeleteThanks for reading ?!?!
No,I don't write fiction sorry.
Thank you soo much your feedback made me cry.
Nice Blog 🙂
ReplyDeleteThanks 😊
Deletenice blog, btw press is always been a nightmare to politics
ReplyDeleteRandomly your id is suggested by instagram to me and I click on your blog link then I start reading all blog such fantastic writer you are. I am trader and investor and I read lot of article on stock market,Hindenburg report also but I don't know about this first allegations taken on adani by indian journalist before Hindenburg.I am your clg senior and current Committee MS I am definitely going to publish your blog in next clg magzine and I want to konw how many type of blog you written till date.Keep writing... 👍
ReplyDeleteThank you for reading 😊
DeleteI'm glad it reached you✨️