It seems Indian private industry is rotten to the core except for some names like the Tatas, the TVS Group and maybe Birlas, with scandals dotting its growth over the years ranging from scams, falsification of accounts, avoidance of taxes and duties, selling of quotas during the licensing regime which all maybe in a large part has led to the generation and growth of black money or the second economy as it is called. Similarly, Adani can preen as the 4th richest person in the world but he has to keep his books clear. Adani has also been threatening to sue Hindenberg but it may boomerang so he has to work out his retaliation plan giving a lot of thought to it..There is one thing in all this that defies explanation and that is why did Hindenberg release the expose just before Adani was going to the public to raise funds of some Rs 20,000 crore. That issue is in a mess now. If Adani solves this puzzle then he will know who his real enemies are.
