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Hindenberg Row: Gautam Adani out of top 20 list of world’s richest list, shares slip up to 60% after report

On January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions.

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Gautam Adani

Veteran industrialist Gautam Adani’s net worth has suffered a major setback ever since the Hindenburg report became public. Where till some time ago he was at number three in the list of the world’s rich, now he is not even in the top 20.

According to Bloomberg’s Billionaire Index, Gautam Adani has dropped out of the top 20 rich list and has currently reached number 22. Gautam Adani has lost about $ 10 billion in a single day. On the other hand, the wealth of Facebook founder Zuckerberg has increased by $ 12.5 billion and he has reached the 13th place in the list of the world’s richest people.

Adani’s net worth decreased by $ 58 billion

Adani’s net worth was $155.7 billion in September. The net worth stood at $92.7 billion on Monday. Till December, Adani was the only rich among the world’s top rich whose wealth had jumped that year. But now the industrialist has now slipped to number 22 among the world’s richest.

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What’s in Hindenburg’s recent report?

On January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions. It claimed that the group has been involved in stock manipulation and account fraud for decades. It further stated that Adani Group founder Gautam Adani’s wealth has increased by $1 billion to $120 billion in three years due to rising share prices. During this period, the shares of 7 companies of the group have increased by an average of 819 percent.

NSE puts 3 Adani firms under surveillance

The Adani Group’s woes continue to mount as the National Stock Exchange (NSE), Thursday, put Adani Ports, Adani Enterprises, and Ambuja Cements under additional surveillance measure (ASM) framework from February 3 (Friday). This will require 100 precent margin to trade in their shares and will likely curb short selling. The NSE explained the measure on its official website, stating that “Additional Surveillance Measures (ASM) on securities with surveillance concerns based on objective parameters viz. Price / Volume variation, Volatility etc.”

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Gangster-politician Atiq Ahmed handed life-sentence in Umesh Pal kidnapping case; brother Khalid Azim acquitted

Gangster-turned politician Atiq Ahmed was pronounced guilty in the 2006 Umesh Pal kidnapping case by an MP-MLA court in Uttar Pradesh’s Prayagraj on Tuesday and handed a life-sentence along with two others, while his brother, Khalid Azim alias Ashraf and six other accused in the case were acquitted.

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Atiq Ahmed

Gangster-turned politician Atiq Ahmed was pronounced guilty in the 2006 Umesh Pal kidnapping case by an MP-MLA court in Uttar Pradesh’s Prayagraj on Tuesday and handed a life-sentence along with two others, while his brother, Khalid Azim alias Ashraf and six other accused in the case were acquitted.

Special MP-MLA court judge Dinesh Chandra Shukla pronounced the guilty verdict against Atiq Ahmed, Lawyer Saulat Hanif and Dinesh Pasi under section 364-A (kidnapping or abduction in order to murder) of the Indian Penal Code (IPC) which carries the death penalty as the maximum sentence.

Justice Shukla sentenced the guilty trio to 14 years life imprisonment in the case.

Earlier, Ahmed, who was brought by a 45-member team of the Uttar Pradesh Police to the special MP-MLA court in Prayagraj today from Gujarat’s Sabarmati Jail, was convicted, along with the other two accused in the kidnapping of BSP MLA Raju Pal murder case prime witness, Umesh Pal in 2006.

Umesh Pal, then a zila panchayat member, had come forward as the prime witness in Raju Pal’s murder, who was killed on January 25, 2005.

Umesh Pal had claimed that Atiq Ahmed and aides kidnapped him at gunpoint on February 28, 2006 after he refused retract his statement given to the police in the BSP leader’s killing. Based on his complaint, the police on July 5, 2007, had lodged an FIR against Ahmed, his brother, and others.

The UP Police had submitted a chargesheet in the matter against 11 accused. One of them later died.

Read Also: Prayagraj court convicts gangster Atiq Ahmed in Umesh Pal kidnapping case

On February 24 last month, Umesh Pal was shot dead along with his two security men in Prayagraj. Atiq and his brother—who were both in jail at the time—are also the accused in the conspiracy to assassinate Umesh Pal.

On Sunday, a 45-member team of the Uttar Pradesh Police arrived at the Sabarmati Jail in Gujarat’s Ahmedabad to escort Atiq Ahmed to UP to produce him before the special court in Prayagraj in the Umesh Pal abduction case.

Earlier today, reports said that ahead of the hearing, security was heightened outside the Prayagraj court and security personnel were also deployed outside the residence of Ahmed as well as that of his advocate as well.

Umesh Pal’s wife Jaya Pal earlier said she won’t attend the hearing but had prayed for Ahmed to be sentenced to death for her husband’s murder.

On Jaya Pal’s complaint, a case a case was lodged at the Dhoomanganj police station in Prayagraj against Ahmed, his brother, his wife Shaista Parveen, two sons, aides Guddu Muslim and Ghulam, and nine others.

A mafia kingpin feared across Uttar Pradesh and former Samajwadi Party MP from Phulpur, Atiq Ahmed was shifted to the Sabarmati Central Jail in Gujarat in June 2019 following a Supreme Court order after he was accused of allegedly orchestrating the kidnapping and assault of real estate businessman Mohit Jaiswal while in prison in the state.

According to the police, Ahmed is named in the Umesh Pal murder case and in over 100 others of criminal nature.

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Gangster-turned politician Atiq Ahmed to be produced in Prayagraj court today amid high security

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Video of man singing Kya Hua Tera Waada song in UK goes viral, users laud the singer | Watch

A little girl can also be seen approaching the busker as she hands him some loose change as a reward for his singing. The busker can be seen gladly taking the money and putting it in his bag.

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man singing Kya Hua Tera Waada song

A video has been making rounds on the internet where a busker can be seen singing and catering to the Indian audience in UK’s Hounslow. The man sang Muhammed Rafi’s classic Kya Hua Tera Wada as many stood by witnessing and getting the taste of Indian music.

In the video, the busker can be seen surrounded by people from all walks of life, as well as ethnic backgrounds. The people can be seen enjoying the soulful voice of the man as many record him.

A little girl can also be seen approaching the singer as she hands him some loose change as a reward for his singing. The busker can be seen gladly taking the money and putting it in his bag. The mother of the girl can also be seen patting her to tell her that she did great.

Watch video here:

User’s reaction

After the video of the singer went viral, many users came forward to add their take on social media. One user wrote and praised the singer for singing a Rafi song, implying that Muhammed Rafi’s songs should be introduced to everyone.

One user wrote and praised the little girl for rewarding art as the user wrote that praised the artist as well as the little girl can be seen being inspired by the song so much that she rewards it. One user also wrote and praised the singer for his soulful voice and great performance.

Read Also: BJP’s OBC MPs protest in Parliament against Rahul Gandhi’s Modi surname remark, demand apology

Another incident

Another incident of a similar nature came to light from Haryana’s Gurugram where a policeman can be seen fervently grooving to the singers on the stage as he guides and sings along with them. In the video, a policeman can be seen standing meters away from the singers performing on the stage.

The policeman can be seen passionately guiding the singers with his hands as he also uses his vocals to support them.

See post here:

https://www.instagram.com/reel/Cpm4gg6DSEC/?utm_source=ig_web_copy_link

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Prayagraj court convicts gangster Atiq Ahmed in Umesh Pal kidnapping case

A special court in Uttar Pradesh’s Prayagraj on Tuesday convicted gangster-turned-politician Atiq Ahmed and others in the Umesh Pal abduction case.

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Atiq Ahmed

A special court in Uttar Pradesh’s Prayagraj on Tuesday convicted gangster-turned-politician Atiq Ahmed and others in the Umesh Pal abduction case.

Ahmed, who was brought by a 45-member team of the Uttar Pradesh Police to the special MP-MLA court in Prayagraj today from Gujarat’s Sabarmati Jail, was convicted, along with his brother Khalid Azim alias Ashraf and other accused in the kidnapping of BSP MLA Raju Pal murder case prime witness, Umesh Pal in 2006.

Umesh Pal, then a zila panchayat member, had come forward as the prime witness in Raju Pal’s murder, who was killed on January 25, 2005.

Umesh Pal had claimed that Atiq Ahmed and aides kidnapped him at gunpoint on February 28, 2006 after he refused take back his statement given to the police in the BSP leader’s killing. Based on his complaint, the police on July 5, 2007, had lodged an FIR against Ahmed, his brother, and four other accused.

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On February 24 last month, Umesh Pal was shot dead along with his two security men in Prayagraj. Atiq and his brother—who were both in jail at the time—are also the accused in the conspiracy to assassinate Umesh Pal.

On Sunday, a 45-member team of the Uttar Pradesh Police arrived at the Sabarmati Jail in Gujarat’s Ahmedabad to escort Atiq Ahmed to UP to produce him before the special court in Prayagraj in the Umesh Pal abduction case.

Earlier today, reports said that ahead of the hearing, security was heightened outside the Prayagraj court and security personnel were also deployed outside the residence of Ahmed as well as that of his advocate as well.

Prayagraj District Bar Association said the MP-MLA court of Prayagraj has cleared its schedule for today and will only hear Umesh Pal case.

The Bar Association in a statement said that Presiding Officer of MP MLA Court has written to Minister of District Advocates Association wherein it was requested to pronounce a verdict in the case today itself.

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Gangster-turned politician Atiq Ahmed to be produced in Prayagraj court today amid high security

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