Cement story and game by MODANI
As per the CAG Report, Modi & Co have orchestrated a grand heist worth more than 7,50,000 Crores under the guise of Infra Projects.
In the upcoming episodes of #EBandYou let's talk about how they hand out contracts as if they're hosting a talent show for the substandard folks by collecting Electoral Bonds chanda. Also, how they playing with your life for their greed through sub standard work.
It's like they're playing Monopoly with our tax money, but forgetting it's not a game.
But Modi’s appetite for wealth knows no bounds. His motto seems to be "Dil Maange More"...
More money, more Adani (Modani), more corruption!
The Modi government's sudden zeal for infrastructure projects is like a magician's trick, diverting attention while they siphon off funds. They're increasing spending faster than a shopaholic in a black Friday sale.
Guess who's footing the bill? Us, the taxpayers!
Speaking of infrastructure, Modi's suddenly making Cement great again. Cement demand is projected to skyrocket, thanks to his lavish spending spree.
It's almost like he's building his own empire, one bag of cement at a time.
In this episode, witness how Modani, with his Parivar of CCI and Income Tax, pulls off the ultimate sleight of hand. Suddenly, Modani emerges as the largest cement producer in India, all while greasing the wheels for the BJP with Electoral Bonds on the side. It's like a Shakespearean drama, only with more corruption and less poetry.
Step 1: Setting the Stage for Modani's Cement Coup using the CCI.
In the game of cement giants, Holcim India (Ambuja Cement & ACC) emerged as a formidable contender, holding the title of the second-largest producer in India, right behind UltraTech Cement from the Aditya Birla Group. But behind the scenes, a clandestine dance of power and influence was underway.
October 2019 witnessed UltraTech Cement's dubious move, slipping Electoral Bonds into the BJP's coffers like a shady handshake in the dark alley of politics. Meanwhile, Holcim India maintained a facade of innocence, steering clear of such underhanded dealings.
Come December 2020, the Competition Commission of India (CCI) barged into the scene , accusing Holcim India, Ambuja Cements, and ACC of cozying up with UltraTech Cement to fix prices. Threats of fines loomed like a guillotine, ready to sever profits from their very roots.
By August 2021, Holcim India announced a dramatic exit from the Indian stage, putting Ambuja Cements & ACC up for grabs like a prime cow in a cattle mela.
In April 2022, JSW and UltraTech eagerly waved their bidding paddles, aiming to claim the spoils. But July 2022 brought unexpected roadblocks in the form of CCI's stalling tactics, reminiscent of a procrastinating bureaucrat with a penchant for red tape.
And then, like a shadowy figure stepping out from the wings, Modani makes his grand entrance...
Adani (Modi) swoops in and snatches Ambuja Cements at a steal, paying a mere 51,821 Crores while the market expected a much heftier premium. How, you ask? By using CCI as his personal blockade, thwarting higher bidders JSW & UltraTech and securing the stocks at a bargain-basement price.
CCI, ever the obedient servant, swiftly hands Modani the clearance certificate, ensuring his victory in the cement arena while brushing aside the cries of fairness and competition.
But at what cost? Modi's brazen manipulation tarnishes India's reputation on the global stage, painting us as a banana republic ruled by a greedy dictator. With each selfish maneuver, he drives away potential investors, leaving India's economic future hanging in the balance.
Step 2 - Use the favorite brother of the Parivar, Income Tax Dept. to make Modani the No.1 Cement Producer. Sanghi Cement becomes Sanghified Cement.
Sanghi Cement (Nah not that Sanghi), was the 3rd largest Cement producer in the country , found itself on the chopping block due to internal family strife. Sensing opportunity, Shree Cements stepped in, eyeing the acquisition. But Modani wasn't about to let that happen without a crooked scheme.
Enter the Income Tax department, Modani's trusted enforcer. Swift as a vulture, they swooped down on Shree Cements with raids and hefty tax demands totaling a staggering 23,000 Crore. Panic spread like wildfire, and Shree Cements, cornered and coerced, had no choice but to retreat from the bidding war.
With Shree Cements out of the picture, Sanghi Cement stood like a prized jewel, untouchable and ripe for the taking. And Modani wasted no time in seizing the opportunity, snagging Sanghi Cement for a song and instantly ascending to the throne as India's largest cement manufacturer.
With a near monopoly, controlling a whopping 40% of the nation's cement production, Modani now holds the keys to the kingdom. Like a puppet master pulling the strings, he'll dictate the price of cement, driving real estate prices through the roof and making homeownership a distant dream for the poor.
But that's not the end of the saga. Behind the scenes, tales of tax havens (Hindeburg expose) and shady dealings swirl, exposing Modani's underbelly of corruption. And let's not forget his iron grip on the Krishnampattnam Port starring the same Shree Cement, a story ripe for another episode in the saga of Modani's reign.
Enjoy the ना खाऊंगा ना खाने दूंगा saga of legalised extortion
Modi = fake & fraud institutions of gutter gas technology to achieve the concept of Bewakoofing
- The Reality Muted
Founder, $anjay $hah
