Sunday, December 31, 2023

Destruction of a Penal Code by mindless Plagiarism

 Complete Silence in Media and Intelligentsia about Destruction of Indian Penal Code

More than a week has passed and I am still awaiting a proper review or any constructive criticism of the new Penal code (Namely Bharatiya Nyaya Sanhita) passed in Indian Parliament when most of opposition leaders were suspended and no MP managed to critique any  section of the new penal code in the charade of a parliamentary debate that ensued before Passing of the bill.

 All three branches of Indian Democracy (Legislature, Judiciary and the executive ) take the Sovereign of India, that is to say, the citizens of India as a bunch of fools and take our apathy to read laws and our long held wrongful notion that "Laws are complex and can't be Understood by ordinary public".

On the contrary, the basic notion of having laws published in a Democracy is that,  laws must be written in lucid language and in on orderly fashion so that entire Citizenry can comprehend .

I intend to write few blogs to save your years from being wasted within classroom walls of law schools and whenever good humour can be found in stupidity of the high and mighty, I'll showcase them as well within the confines of good manners. 

 Since I have filled 2 notebooks with my observations of the monumental stupidity that passed in the name of Penal Code Reform , this has to done in multiple posts of blogs.

To Reform, One Must Know The Current Form and Structure : Knowledge is Paramount for Changing a System

 All laws are broken up in paragraphs which are organized into Chapters ,  Chapters broken up in Sections comprising one or more paragraphs ,  Sections may be broken up into Individual paragraphs (Which are numbered sequentially) to specify individual clause or facet of the topic described in the section .

Chapters must and Sections may have title to describe what those paragraphs are all about. 

All laws start with Introductory Sections where the name, scope and extent of the laws are mentioned. Immediately after that legal definitions, legal paradigms introduced in that law are explained. In Nineteenth century, even grammatical constructs used in the law are defined among legal definitions. I fear most law professors and practitioners have forgotten about grammar related parts of IPC.

Thereafter, the operative sections and mentioned.  If there are major exceptions to the sections, they are mentioned as well. Putting these in different chapters, creates better readability and clarity in documentation.

Old Indian Penal Code was broken up in 23 original chapters and 3 chapters added subsequently through amendments to the penal code. 

 


 

 Let's start at the very beginning while reviewing the new Penal code and focus on the first two chapters of IPC (Introduction and General Explanations) and what they meant originally and where and how they are placed in new Penal Code i.e. Bharatiya Nyaya Sanhita. 

Botched Up New Penal Code from First Chapter. 

Old IPC had 5 Sections in Introduction, Section 1 gave the title and extent of its operations, Section 2 gave legal basis for giving punishment, Section 3 allowed offences under IPC that are committed outside India, to be tried in India, Section 4 to extended reach of IPC to outside India.. etc.

All 5 sections are now copied and pasted in One Section, Namely Section 1 of Bharatiya Nyaya Sanhita. They appear a Sub-Sections in same order and with exact same sentences. Even explanations are same as in Old IPC. 

It is clear that authors of new Penal Code didn't understand Section 3 and Section 4 of Old Penal Code.  These provisions clearly allowed trial of people of crimes mentioned in IPC inside India even when committed outside India; as they still had to introduce section 48 later on in the chapter of abetment. 

This is so hilarious, under new Bharatiya Nyaya Sanhita, one abettor inside India will be charged under one section ... whereas an abettor outside India will be charged under two sections of the act.

Clearly whoever wrote Section 48 of Bharatiya Nyaya Sanhita, never really read the very first section of their own Penal code. Knowing the scope of a Penal code is of paramount importance while writing a new penal code.

Needless to add that Indian laws are not applicable outside India and Indian Police can't go and arrest Abettors anywhere in the globe. The extra-territorial section of IPC was written in Colonial times when summons could be sent from one British Colony to another within the wretched colonial empire.

Extradition or Deportation works in today's world only when the alleged crime in India was a crime in which the accused was residing at the time of the crime; in which case other sections on Abetment were sufficient to charge any abetment outside India. Section 48 is therefore both redundant and useless in terms of execution of the law.

Murder of Old IPC chapter II : General Explanations weren't only Definitions

As discussed earlier Chapter II of Old IPC didn't only contain legal definitions, but also mentioned:
 
Grammatical Constructs/Constraints as in Section 8 - Gender, Section 9 - Number. 

Legal Concepts of Exceptions( Section 6) and Sense of Expression( Section 7) and Acts and Omission related sections 32 to 38.
 

 A clear giveaway clue would have been use of Quotation marks when giving Section headings.

Even when "Legal definitions" were used, when similar or opposing meaning words are defined, they are defined together as a group in a similar ; such as Section 10  ("Man". "Woman".), Section 33 ("Act". "Omission".), Section 43 ("Illegal". "Legally Bound To Do".), Section 49 ("Year". "Month". ) and Section 23 while introducing the concept of "Gaining Wrongfully/Losing Wrongfully".

These legal terms and concepts were arranged as they had appeared in the later sections of penal code, in the same sequence.

But the makers of new Penal Code were in frightful hurry and committed idiotic mistakes by thinking:

i. Every Section from Section 8 to Section 52 and Section 52A contained only "Legal Meaning" of specific words.

ii. Rearranging these words in Alphabetical order and one word at a time would hide all the Plagiarized sections in new penal code.

iii. Merging all these sections inside of fat section 2 titled "Definitions" would hide their art of "copy/paste" from old penal code.

In Post-Independence India, the revised Penal Code was single biggest opportunity to base LEGAL DEFINITIONS ON CONSTITUTION OF INDIA; but makers of new code didn't utilise that. A GREAT OPPORTUNITY SQUANDERED. 

 Curious case of ignorance of Section 8 and Section 9 among new Sanhita makers: The grammatical default  expression used in Indian Penal Code

 


I would blame the law school professors for not teaching the entire legal fraternity that Section 8 of Indian Penal Code is about "Default use of pronoun He and its derivatives in the Penal Code" and is not about classification of Gender, either from birth or by preference. Section 8 of IPC merely stated even though "He" is masculine, wherever he is used, it will imply to all humans, whether male or not.

Similarly Section 9 was about use of Singular Number and Plural Number in the Penal code and not about Defining the word, NUMBER.

But the makers of new code thought otherwise and Plagiarized them in Section 2, Sub-section (10) for Gender and Section 2, Sub-section (22) for Number. 


By introducing transgender word, the makers clearly exposed their ignorance about the grammatical concept of Gender.🤣🤣🤣🤣

In English grammar, their is no grammatical form or concept of Transgender... although feminine of "He" is "She". 

Although "She" is not written in illustrations, explanations and examples and only "He" is written in IPC, the cases would apply to all, irrespective of Gender... that's all Section 8 of old IPC meant.


 Sub-section (22) is an out and out steal from old IPC Section 9. Only modification is an absurd pair of Quotation marks (") encasing the word "Number" . So makers of new Penal code by putting "Number" within quotes implies wherever this word appears this has to be considered as its literal and legal meaning.. HA, HA, HA.

Whereas the makers go on to use the word "Number" at least 4 times and hold your breath.. 🤣🤣🤣every single time, it means "A finite numerical value" and not "Singular or Plural Number".. I was like 🤣🤣🤣ROFL at their ignorance and lackadaisical skill of law making.

Strange case of Alphabetical Ordering and debasement of important pairing of words along with the legal constructs they represented:


Section 33 included the definitions of "Act" and "Omission" because the precedent section, Section 32 defined "Illegal Omissions" as an "Act".

It is this definition in Section 33 and Section 32, which forms various legal premises such as "Criminal Negligence" and gives rise to phrases such as "Acts or willful/illegal Omissions"

But the makers of new penal code chose to define "Act" in Section 2, Sub-section (1) and "Omission" separately in Section 2, Sub-Section (25) and Dropped sections 32, 35, 36, 37, 38 altogether.. Destroying all the legal premises held in those sections. "Acts and illegal Omissions" are no longer similar things... It will be very hard to prove "Willful Criminal Negligence" of Public Servants..

 So they introduced these IPC Sections in Section 3 - General Explanations of new code in various totally unrelated Sub-Sections.


Section 27 of Old IPC which was struck by Supreme Court of India, reappeared in Section 3, Sub-Section (3). Section 27 stated

27. Property in possession of wife, clerk or servant”.—When property is in the possession of a person's wife, clerk or servant, on account of that person, it is in that person's possession within the  meaning of this Code.
Explanation.—A person employed temporarily or on a particular occasion in the capacity of a clerk or servant, is a clerk or servant within the meaning of this section.

 Only change in new code is that word "wife" has been changed to "Spouse".

I have never seen such mindless plagiarism by copy-paste as in Section 3 of new penal code. Since Sub-Sections need not have a title.. they are copied without one, therefore hiding its contents and destroying its legal premises. 

Let me list out the sources of Plagiarized contents of subsections of Section 3 and you will find every single line are copied from old IPC and the Section titles are missing. List will be by Sanhita Subsection number and Old IPC section headings/ titles:

(1) - IPC Section 6. Definitions in the Code to be understood subject to exceptions.

(2) - IPC Section 7. Sense of expression once explained.

(3) - IPC Section 27.  “Property in possession of wife, clerk or servant”

(4) - IPC Section 32. Words referring to acts include illegal omissions.

(5) - IPC Section 34. Acts done by several persons in furtherance of common intention.

(6) - IPC Section 35. When such an act is criminal by reason of its being done with a criminal knowledge or  intention.

(7) - IPC Section 36. Effect caused partly by act and partly by omission.

(8) - IPC Section 37.  Co-operation by doing one of several acts constituting an offence.

(9) -  IPC Section 38. Persons concerned in criminal act may be guilty of different offences.

 of course, you won't find a heading of any subsection in the new code, these were finds of Plagiarism detection software. I hate to be a Judge or a lawyer or a Police officer or even a law school student when this new penal code comes into force.

Section 2 and specially Section 3 are great examples of HOW NOT TO WRITE A SECTION IN A LAWBOOK.

If Plagiarism means Reform, then it's indeed great beginning.. ha ha ha.. strangely Plagiarism was neither a crime under old IPC nor is a crime with new Penal Code.

Although "Plagiarism Detection" software ranks the new Penal code 97.17% plagiarized from the old colonial times Indian Penal Code, in the eyes of the law, every section has to pass through the review and constitutional challenges in the court of law as original definitions and explanations now reside in new section in new chapters.

 Since all these IPC sections present in Chapter 1 and 2 had headings or titles, they were nicely indexed and presented in law books. Now they are hidden in Sub-Sections of Section 1, 2 and 3. They would not be present in any index and would be practically impossible to find out without a Plagiarism Detection Software and copy of old IPC.


Sunday, December 24, 2023

What a Bogus Recreation of Penal Code we are having

 Apparently Our Home Minister had never read the Current Indian Penal Code and stupid Media needlessly will be parroting Mr. Shah's fake claims regarding IPC:

In this post I will stick to Home Minister Amit Shah's claim "Deshdroh" or "Offenses against The State" being added in this new Penal code and "Rajdroh" or "Offences against the crown" being removed.

What Mr. Shah does not know, all references to "King", "The Crown" were removed immediately after independence, when Nehru was the PM and Ambedkar was the law minister. 

The Sedition section however remained, where the reference of crown was replaced by "Government of India" phrase. 

By tweaking the Section Numbers, Mr. Shah can't hide facts. I will expose Mr. Shah and India's Dalal Media with help of Screenshots from Old Indian Penal Code, 1860 and comparing it  with new proposed Bharatiya Nyaya Sanhita, 2023 with the bill's screenshot. 

Mr. Shah claimed "Offences Against The State" or Deshdroh, as he said in Hindi did not exist in Present IPC. WRONG. He probably knew that as well .. Here is Chapter VI of Colonial era IPC, as Amend upto 2023, see the screenshot.


CHAPTER VI
OF OFFENCES AGAINST THE STATE
121. Waging, or attempting to wage war, or abetting waging of war, against the Government of India.
121A. Conspiracy to commit offences punishable by section 121.
122. Collecting arms, etc., with intention of waging war against the Government of India.
123. Concealing with intent to facilitate design to wage war.
124. Assaulting President. Governor, etc., with intent to compel or restrain the exercise of any lawful power.
124A. Sedition.
125. Waging war against any Asiatic power in alliance with the Government of India.
126. Committing depredation on territories of power at peace with the Government of India.
127. Receiving property taken by war or depredation mentioned in sections 125 and 126.
128. Public servant voluntarily allowing prisoner of State or war to escape.
129. Public servant negligently suffering such prisoner to escape.
130. Aiding escape of, rescuing or harbouring such prisoner.

And what great changes he made, Mr. Amit Shah, to this chapter, he changed the Chapter number and section number.  As I will show, most sections are same the British wrote. 

I'm not saying, Sections are same in essence and in semantics.. they are word by word, sentence by sentence exactly same, down to the punctuation marks.


So old Section 121 became new Section 147.

Old 121A became new Section 148.

Old 122 became Section 149.

Old 123 became Section 150.

Old 124 (originally written for Governor-general of India and other governors) became Section 151.

Old Sedition law Section 124A became Section 152.

Mr. Shah merely dropped the word Sedition and replaced it with "Act endangering sovereignty, unity and integrity of India".

Old law said (I'll copy paste below from PDF, in order to avoid mistakes) and turn the parts of  the section in Bold and you will see how magically it transformes into the new Section of New Bill..

"Sedition.—Whoever by words, either spoken or written, or by signs, or by visible  representation, or otherwise, brings or attempts to bring into hatred or contempt, or excites or attempts to  excite disaffection towards, the Government established by law in [India], shall be punished  with 16[imprisonment for life], to which fine may be added, or with imprisonment which may extend to  three years, to which fine may be added, or with fine.

Explanation 1.—The expression “disaffection” includes disloyalty and all feelings of enmity.

Explanation 2.—Comments expressing disapprobation of the measures of the Government with a  view to obtain their alteration by lawful means, without exciting or attempting to excite hatred, contempt  or disaffection, do not constitute an offence under this section.
Explanation 3.—Comments expressing disapprobation of the administrative or other action of the  Government without exciting or attempting to excite hatred, contempt or disaffection, do not constitute an  offence under this section."

Even the explanation of new section 152 are copied from old Sedition law section 124A.

 so BJP Government's proposed bill not only extended the draconian provision of sedition by adding explicitly,  Electronic
Communication and by financial means .. but it also increased the nominal prison sentence to Seven years from present Three years.

 Now BJP will say, "how can we tolerate threats to sovereignty,  unity and integrity" as they had said earlier about Section 124A of IPC.

Problem with Sedition law wasn't that it wasn't helpful for a state, problem is that it is subject to variant interpretations. It showed fear of freedom of speech in the colonial power, after all, with bold words, both spoken and written by Indian freedom fighters gave India freedom in 1947.

We are now Independent and Free to assault our constitutional rights by making stupid renaming exercise of laws.

It doesn't end with Section 152 of new act from 124A.

Sections 125, 126, 127 of IPC is now Section 153, 154, 155 of Bharatiya Nyaya Sanhita. 

Perhaps Amit Shah and company doesn't know, these 3 are genuinely Colonial era sections to protect "Then Princely States" and other colonies friendly to "British Crown Colonies" 

Prisoner of War related sections of IPC ie 128, 129, 130 are now Sections 156, 157, 158.

So Question remains, Did Home Minister read the IPC and the new BNS before presenting it to the parliament and the nation?

Did any Journalist read them?

Did any of "Yeah" yelling BJP MP read the Bills before passing it in the parliament?

Except making Sedition law more draconian, what else did "Offences against the state" or "Deshdroh" sections offer?

Monday, December 18, 2023

Coronavirus as a Tool of suppression of People's Movement

 Parrot Subservient Media Says New Variant JN.1 found in India , Government wants more RTPCR tests..

But how many Genome Sequencing was done by India ,  9 days ago, Outbreak.info had released the Variant data of India !

In last 60 days (actually 69 days), India had submitted Only 3 sequences of Covid19 ..

One each in three days. Ha ha ha.. That's disgusting, disgraceful shoddy work.  

Basically all Indian doctors were told by Central Government that RTPCR is not needed, for serious cases just test for Dengue. 

Why does Indian Government say JN.1 is more concerning that say, JG.3?

Is it because JN reminds them of Jawaharlal Nehru? Is it Nehru's fault?

Is it because Opposition Members are suspended by Parliament Speaker and they are afraid of People's protests?

This Indian government is showing,  extremely tyrannical attitudes and methods! 

How contagious is JN.1?

 Well it was first found way back in January 2023 and throughout 11 months, only about 3000 cases were sequenced.

Of course, 95% of Indian Doctors only follow Pharmaceutical companies' sales representatives and WhatsApp orders from Government!

Unnecessary testing pressure and giving people a scare is not Government's job.

Shameful guidance from ICMR and Central Government on Covid19, they ignore the illness when its politically convenient and scare people when its politically convenient.  SHAME!

Friday, December 15, 2023

BJP MLA Ramdular Gond convicted on Rape Charges.

 And ... And ... And


Who campaigned for this rapist MLA in UP Elections of 2022?

Well the answer is ..

Modi, Modi, Modi 

Of course such accusations can't be made in jest. 

 So here is the Proof:

 On March 2/3, 2022 .. Modi campaigned in Sonbhadra District,  from where Ramdular Gond was contesting on Modi's party BJP ticket.. from Duddhi (Dudhi) constituency ..

This video is from none other than Narendramodi's YouTube account . 


https://m.youtube.com/watch?v=2uMwj9Fj8GM

 


 If some are still not convinced, here is a still photo from that rally.. Modi greeting the Rapist MLA on stage.

At that time, charges against Ramdular Gond were framed ... FIR was of 2014, Criminal Case started in 2015.

Yet BJP made him a candidate from Duddhi and Modi campaigned for him and other candidates of Sonbhadra district, which if my memory serves me right, went to polls on March 7th, 2022.

There are only 4 seats in Sonbhadra district, so "how can Modi know about all candidates" excuse won't work. 

Incidentally,  3 out of 4 candidates of BJP had criminal cases against them.. and all of them won.

If Modi can refer to first 75 years of India's Independence for every single woes of India today,  surely he should have known what his party's candidate Ramdular Gond was doing 8 years ago.

Shame on Modi, Shame, Shame!

 

New Rajasthan CM and his ridiculous Election Affidavit

 I heard a new person became Rajasthan CM , someone whom very few in Rajasthan know outside his assembly, so he was absolutely Unknown Person to me. 

All Politicians have to give an affidavit stating his/her assets, liabilities, profession, education, age, marital status, criminal cases etc. 

Thankfully Association for Democratic Reforms (ADR) maintains a website and I searched and found Mr. Bhajan Lal Sharma's affidavit to be quite funny and interesting . 

Let me share the multi-talented Sharma's details, which I found to be ... let's say..,...🤔 ...  interesting :


See I told you, they claimed to be Multi-talented in their affidavit:

Mr. Sharma has 4 professions, quite a multi-tasking chap he is:

Job No. 1: An employee of Railway Ministry, which looks like a full-time one.

No. 2: Proprietor of Sri Krishna Kanhaiya Company. 

No 3: Rent Collector 

No. 4: Serial Passbook/Checkbook updater. 

Although he passed Masters Degree examination from Rajasthan university, but Nobody apparently taught him the difference between "Profession" and "Sources of Income".

Normal people don't write Rent and Bank Interest in profession column, they are mentioned in other sources of Income section. 

He thinks similarly his wife has 3 professions:

A. Wholesale Trading Business 

B. Interest collection from Parties. 

C. Interest Collection from Bank.

So far Mr. Bhajan Lal Sharma's biodata looks like an entrepreneur's isn't? Kind of Open but money minded person, he looks like.. isn't he?

Since he mentioned, interest and bank interest a lot of times in profession section.. let us see, what he has stored where?


What? Mr. Sharma lists Bank Interest as One of Mrs. Sharma's profession and she has only two accounts and in one she has zero balance for which normally bank charges a penalty.. total 10 thousand in her account, annual interest would come as 600-700 rupees only!!!

Remember that she is in wholesale trading business as well.. Mr. Sharma says both Mr. & Mrs. Sharma have only 1.5 lakh rupees in cash. 

How can anyone run a wholesale trading business with 10 thousand in bank and 1.5 lakh cash, in today's market?

Mrs. Sharma has no bank loans also..

Surprisingly,  Mrs. Sharma has not given loans to anyone also..


Then from which parties does Mrs. Sharma collect interest from? Isn't it obvious that Mr. Bhajan Lal Sharma himself has been doing the wholesale trading business, possibly breaking service rules of Railways Ministry.. and has been booking those Income in his wife's name? Double benefits of standard deductions in Income Tax and relief from service rules of Railways Ministry.. huh?

It's not just a loving husband's wishful thinking, Affidavit says .. Mrs. Sharma has been filing Income Tax Returns regularly and in some years had paid more taxes than Mr. Sharma.. have a look..


But at least the Rajasthan CM gives information about Wife's asset and liabilities and Income.. unlike his boss, PM Modi who just skips everything about his wife's income and liabilities and assets.. etc.

But I wonder why this new CM does not mention the current value of his wife's wholesale trading business in assets section and he also omitted the value of his proprietorship business, Sri Krishna Kanhaiya & Company?

SRI KRISHNA KANHAIYA & COMPANY and violation of Ministry of Railways Regulations?

Normal Employees of Indian Railways can't run full-time businesses because of service rules, but Mr. Bhajanlal Sharma it seems has been allowed to run a Private Proprietorship firm, "Sri Krishna Kanhaiya & company" .. although named after Hindu God, it is registered in various business website in serious Mineral trading business. 


In one B2B website,  it clearly states "We supply minerals and ores to Cement and steel plants".

It is not just wishful thinking driven listing, as another business directory even gives its address and GST registration number as well.


This address "A-29C Jawahar Nagar Bharatpur Rajasthan" is the same as his residential building mentioned in his affidavit:


Now is this residential or commercial building? It's really real building as Google map find it here..


So if you run a mineral and ore supply business from a property worth 40 lakh or 4 million, that business has Zero asset value?

And how was he running this business? Was he going to Ministry of Railways office or doing his home office, everyday? Did present BJP Government at Centre who runs the Ministry of Railways, gave Mr. Sharma a special permission to run his private business while working in Railways?

So before Media people write, "Oh finally a middle class working man became Chief Minister" would they look into his income from Mineral trading business?

 Assets of Grownup Children are not listed among CM's but Son's Educational loan is listed in CM's personal liabilities: How bizarre!

It is clear from his affidavit that his children has grown up as he doesn't list any of them as dependent.

But his liability declaration lists his son's personal educational loan!


Now he can't take the tactical route out that his children are doing Mineral trading now..

As he keeps paying his Son's education loan back. 

🤣🤣🤣

As for Criminal cases, he lists one of violating Pandemic rules and obstructing Government officials.. 

Quite stereotypical Politician's resume, he got..

Tuesday, December 12, 2023

Pandemic of Ignorance, Stupidity and Corrupt Reporting in Business Media

Who got 553 Million USD loan from US international Development Finance Corporation?

 If you follow Indian Media and Indian Press, you would think that you know the answer and its Adani group . 

Well, you would be dead WRONG.

 If you think, such skewed and falsified Reporting lead to Adani buying back their own shares through proxies and shell companies to jack up their share prices and Standards & Poor managed Sensex jumping up to record levels .. Well , don't lie, you haven't had any such thoughts ,  before you read this post.

Metamorphosis of News to Bad News to Fake News

Lazy Reporting Event Number 1 : Reuters

 

What Reuters should have mentioned that although proposed Colombo container terminal is managed by Adani Ports, the company is a separate entity with a separate name and separate business address in Sri Lanka. 

Colombo West International Terminal Private Limited

Somewhere down in last paragraph,  Reuters managed to mention that Adani group owns 51% stake in this venture and reluctantly mentioned the name of John Keells Limited ( actually its John Keells Holdings Limited) and Sri Lanka's Government has major shares in it.

We know the shareholding pattern of Colombo West International Terminal (CWIT) well before Reuters wrote the post (Sorry boys, it wasn't detailed enough to be called as News Article); it was reported in November 2022, what the shareholdings are:


Adani Ports and Special Economic Zone (APSEZ) : 51%

John Keells Holdings (This is one of largest Srilankan conglomerate and it is S&P Sri Lanka Stock market index) : 34%

Sri Lanka Port Authority, fully Government owned : 15%

Bloomberg did a hachet reporting job as Well..

 

Maybe Michael Bloomberg has been getting a series of bad fortune cookies from the Chinese, so Bloomberg declared entire Colombo port as Adani's personal port.

Perhaps Bloomberg doesn't understand the difference between a port and a container terminal.

 Bloomberg doesn't even know that DFC loan is specially earmarked for transhipment facilities on Colombo West International Terminal, well DFC released a 6 page pdf on the loan but if they had to read that, wouldn't that be an insult to their official employee dogtags that hung on their shoulders?

Did any of the media report that the loan is for a 20 year period? DFC chief Scott Nathan expects that both Joe Biden and himself would be dead and buried by then!

Had they read the ridiculous DFC report, they would have noticed "Deep Water Container Terminal" is flawed from beginning..


Now this project was 789 million USD project last year, now cost has gone up to 851 million or what? DFC loan adds the total loan (they call it Funding) to 851 million? 

Or is additional 62 million is DFC's Kickback?

Although DFC outlines, various risk assessments in its report but nowhere did they mention Hindenburg research..

Here I give you the proof, Hindenburg research is not found in PDF document..


DFC went on to list Marine Ecology, Effects of Dredging, Contacts with Fishermen as potential risks and social impacts in flimsy terms and glossing over the reality. 

This transhipment pipedream is as much unrealistic as Chinese transhipment mega project failure in Sri Lanka. That's besides the point, when this project fails, neither Indian billionaire Adani nor would Sri Lankan Millionaires in John Keells Holdings would pay the loan back.. the burden would fall squarely on ordinary folks there, for that meagre 15% stake of their government.
 
In fact, DFC report does not mention Adani by name even once in their 6 page pdf. 



 

Enter The Fake News Maestro: Bloomberg,  the iceberg that one day would sink the titanic of truth.

We have seen that original DFC document does not mention either Adani or Hindenburg by name, yet Bloomberg manages to catch hold of a sixth cousin twice removed relative of DFC to say, this fake news.

It is well known in diplomatic circles that all DFC loans are geopolitical kickbacks and they never achieve their publicised goals. But Bloomberg would never say that..

The shitstorm such bad fake news spawn and derivative news article, results into further worsening fake news..

Should I laugh or should I cry at this fake news?

Conclusion:
Based on Such bad news, Adani stocks are rebounding like crazy, while India's currency continues to tank against US dollar. 

What would you do? Cheer on fraud Billionaires as stock market rises? Or lament on the demise of Indian rupee and look helplessly on real inflation that refuse to show on official records but effects your daily life in India anyway.