Tuesday, January 31, 2023

Panauti Media: Ask if Adani Group CFO is even Indian Passport holder

 Panauti Media: Ask if Adani Group CFO is even Indian Passport holder .

Who Is this Jugeshinder Singh .. is he competent enough to be an International Conglomerate's CFO ?


 


These are screenshots from Mr. Jugeshinder Singh's LinkedIn account. Of course, one can say, it's not mandatory to fill in all details in LinkedIn Biodata but I don't see any "Chartered Accountant" or "Cost Accounting" or "MBA" degree mentioned.

Fine Production Engineering degree is there, when they do teach Economics and Accounting.. but not even the length a B.Com student has to study,  Its true for all the universities in India and Punjab University is no exception. One at least expected an IGNOU type MBA !!

Maybe Jugeshinder did self-study a lot. He claims he represented India in 100m hurdles, May be he did, but without mentioning Medals won .. In same LinkedIn bio he said that about representing India. 

Ditched India for Australia, since 1996.

He bio says, he joined Macquarie Bank (Probably at Sydney) as Senior Manager.. that's his first posting, lasting for 6-7 years. After all, there are no Australian Bank in Bhatinda or Jalandhar. 

Then one year in Merryl Lynch .. that's it Mr. Singh claims that he opened a Family Business in Australia. It smells totally like he got his permanent residency and then Australian citizenship??

His Australian Firm "MCG investment" looks directly for Cricket Fans only. He says he founded that in 2004 in Sydney .. ( Startup guy) .. and worked as MD of his own family business.

In 2012, this bright startup guy decided that his performance in his own company is so great, he deserved to promoted to Chairman of the same company. (A note to all startup guys, give yourself such promotion sometimes .. as it is, no one prints visiting cards these days).

Now on OpenCorporates.com, you can search these things.. And I found, one "MCG Investment" and one "MCG investments", both from Sydney ( and not Melbourne) , both registered in 2016.




In both cases, it looks like a shell company, and they don't list any Directors .

As it is, at the home of SCG , Sydney Cricket Ground, promoting Melbourne Cricket Ground or MCG, is a frowned upon activity.. I assume he is mentioning either or both companies are his.

So did Jugeshinder Lie about his startup? Was it really from 2004 or 2016? What was he doing in that period? Was he in New Zealand, there is a New Zealander Jugeshinder Singh, who was active in New Zealand in that period, who ultimately closed all those businesses?

In 2020, in middle of Pandemic, he did an online certification of "Australian Directors" .. is he Indian Citizen or Australian? 

What is this Foreign National doing standing next to Indian National Flag , defending the crony capitalist business house,  when he himself if hardly qualified to be a CFO of small firm, let alone be a Group CFO of that conglomerate?

Indian Media are so 3rd grade that they don't check, Adani Airports MD is actually a Dentist and Adani Group CFO is hardly qualified and no longer an Indian citizen.

Well, Adani-lover Media even admits Jugeshinder had given up on his Indian Citizenship and currently holding Australian Passport. This information came via @BullandBear6's tweet. Looks credible enough. 

Of course, he is the perfect candidate to lecture "Indians" and the world on "Indian Nationalism". Right?

SEBI, oh SEBI ... would you like to update Jugeshinder's KYC? Does he have an aadhaar card? At least name Australian citizens as Australians,  in your database!!

1 comment:

  1. As of Monday 30 Jan, according to Bloomberg Billionaire Index, Gautam Adani has lost about 30 billion in market cap (YTD) and is only one place ahead of 12th Richest Mukesh Ambani.

    If the trend continues, he will neither be richest Indian or Asian by Tuesday.

    I'm no fan of Ambani either, so not interested in that cat-fight. But Adani fans might be interested.

    ReplyDelete