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ausetkmt · 1 year

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Moneylaundering can usually lead right back to you, when they are tired of you. He should have remembered that he's not a member of the club, cause to quote Paul Mooney " He doesn't have the complexion for the protection"

Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become the richest man in Asia.

Adani, 60, saw his fortune jump by more than $40 billion last year, according to the Bloomberg Billionaires Index. While the fortunes of a number of tech billionaires were melting, this leap propelled him into the elite holders of the world's biggest fortunes..

He managed to rank as the second richest person behind Elon Musk, Tesla's CEO. He fell back to finish the year in third place. And he's currently the fourth richest person in the world with a net wealth valued at $113 billion as of Jan. 26, according to the Bloomberg Billionaires Index.

Now, as he tries to establish himself on the world stage, observers can expect his wealth to dwindle further. That's because for the past two days he's been caught up in what appears to be a nightmare.

Short-Seller Hindenburg's Allegations

The New York investment firm Hindenburg Research has announced that it shorted stocks of the Andani conglomerate through U.S.-traded bonds and non-Indian-traded derivative instruments.

This means that Hindenburg Research, a well-known short-seller, is betting on a short-term drop in the prices of these equities.

The short-seller explains that the bet stems from alleged illegal practices on the part of the Indian tycoon's conglomerate.

"We have uncovered evidence of brazen accounting fraud, stock manipulation and money laundering at Adani, taking place over the course of decades," Hindenburg wrote in a report.

"Adani has pulled off this gargantuan feat with the help of enablers in government and a cottage industry of international companies that facilitate these activities."

The report describes a galaxy of shell entities based in tax havens -- the Caribbean, Mauritius and the United Arab Emirates -- controlled by the Adani family.

"The Adani Group has previously been the focus of 4 major government fraud investigations which have alleged money laundering, theft of taxpayer funds and corruption, totaling an estimated U.S. $17 billion," Hindenburg said.

"Adani family members allegedly cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the UAE, and Caribbean Islands, generating forged import/export documentation in an apparent effort to generate fake or illegitimate turnover and to siphon money from the listed companies."

The Adani Empire responded in two separate statements, one the day after the report was released and the other the following day. It rejects all these accusations and threatens to resort to the legal process to defend itself.

"The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts," commented Jugeshinder Singh, Adani Group's chief financial officer, in a statement on Jan. 25.

Adani Threatens 'Punitive Action' in Court

"The maliciously mischievous, unresearched report published by Hindenburg Research on 24 Jan 2023 has adversely affected the Adani Group, our shareholders and investors," said Adani Group's head of legal, Jatin Jalundhwala, in another statement on Jan. 26.

"We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders, and sabotage the [Follow-on Public Offering] from Adani Enterprises.

"We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research," he continued.

Hindenburg is doubling down.

"Regarding the company's threats of legal action, to be clear, we would welcome it," the short-seller reacted. "We fully stand by our report and believe any legal action taken against us would be meritless."

"If Adani is serious, it should also file suit in the U.S. where we operate. We have a long list of documents we would demand in a legal discovery process."

Market Rout in Adani Company Shares

In the meantime, Adani companies are seeing a stock-market rout. Over the past two trading sessions, the Adani empire has lost a total of $51 billion in market capitalization, according to Bloomberg News.

Adani Enterprises, the flagship of this empire, for example, lost nearly a fifth (more than 19%) of its value on Friday. Units like Adani Green Energy and Adani Total Gas plunged 20%, the daily limit allowed. Adani Power lost 5%. Adani Port’s share price dropped 13.8% and Adani Transmission fell 19.47%.

The sales of shares in Adani-related entities were widespread, with large trading volumes. The companies are listed on Mumbai.

Friday's falls follow those of Wednesday, the first session after Hindenburg published its report. India's stock market was closed on Thursday, Jan. 26.

This stock-market rout also affects Gautam Adani's fortune. According to Bloomberg, this wealth should drop below $100 billion once the calculations are made by Jan. 27. It would be around $93 billion. At this level, Adani would have lost about $26 billion of his fortune since the publication of the Hindenburg report.

The billionaire has left his lieutenants to manage the crisis for the moment. He continues to take care of his profile on the world stage. Adani has published a photo of him with the Egyptian president on Jan. 26.

"An honour to have met HE President Sisi and his ministers on his visit to India and hear from him about his ambitious development plans for Egypt," the billionaire wrote on Twitter. "Great possibilities in the Ports and Logistics, Energy and Digital sectors. We look forward to engaging."

Unsurprisingly, most Twitter commentators were asking him to respond to the allegations of fraud made by Hindenburg.

"It's good that you're flying high and spending the wings but do clarify the allegations by #HindenburgReport," commented one Twitter user.

Fitch Assesses Adani Group

Last August, the CreditSights subsidiary of Fitch Ratings warned that the Adani conglomerate was "deeply overleveraged" and may "in the worst-case scenario" spiral into a debt trap.

But two weeks later the credit-rating firm said it discovered that it had made "calculation errors" in two of Adani Group's companies. It corrected its report and removed the words "deeply overleveraged."

"CreditSights' views have not changed from its original report and we still maintain that the group's leverage is elevated," CreditSights concluded.

Adani Group is one of the most valuable companies in India. The firm holds mines, ports and power plants. It owns a dozen commercial ports and is present in coal, electricity and renewable energy. It also has diversified into airports, data centers and defense.

The company also recently entered the cement sector by buying assets of cement manufacturer Holcim in India and is also looking to set up an aluminum factory.

Adani has grown the group by acquiring companies with debt.

#money laundering #asian markets #Billionaire Adani's Empire Loses $51 Billion in 48 Hours #india #calculation errors #adani #Gautam Adani

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a-very-smooth-boltzmann-brain · 1 year

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So...Tumblr...hehehe

The Beckenstein bound for information storage-able-before-becoming-a-singularity-from-all-that-entropy of the human brain is like 10^56 ish terra bytes i guess, I mean my math guesses. Here's the fun part, if it were a super computer it's speed would be 100 tera FLOPS (100 trillion ish floating point operations per second) and assuming ALL its computations involve 2 bit sized data, it'd be like 200 trillion bits per second. That would be, yes, 25 TBs per second. An average human lives say 72 years, RENT math and we have 2 x 10^9 seconds to be alive. Or process or store or whatever. And we are left with a mere 50 x 10^9 TBs of information. HOWEVER, if this were a computer with a little more time to fck around, it'd still take 10^47 seconds, ie, 10^40 years to BECOME A BLACKHOLE FROM INFORMATION OVERLOAD.

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ju5t777 · 9 months

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Bad Math.

Part 1/2

#ultraman #ultraman zero #ultraman z #zoffy #zett #ultraman zett #author is also bad at math #yes there is an error in calculations lol

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goldensunset · 1 year

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me listening to my completely unorganized twewy playlist

#i know this meme is old now but i HAD to make a twewy version it was my duty to my nation #i had a lot of fun working on this #i apologize for any editing errors (but i don’t apologize for which songs got in and which didn’t it was all carefully calculated trust me)#the world ends with you #twewy #neo the world ends with you #ntwewy #neo twewy #subaseka tag #mine: twewy #my video #video

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runabout-river · 4 months

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How much information from Unlimited Void has Megumi suffered?

I sat down and calculated the information/damage that Megumi had to go through because Sukuna had him shoulder the adaption of Mahoraga's wheel while inside the Domain Clashes (DC).

Relevant Information from Gojo's Domain Expension in Shibuya: it lasted 0.2 seconds, forced 6 months worth of information into non-sorcerers' brains and had them in a two month coma as a result.

1 second of Unlimited Void = 30 months of information

During their DCs, which happened 5 times, Gojo's sure-hit effect enveloped the entire domain while Sukuna's SH enveloped the entire domain except himself. This led to Sukuna being hit 5 times by UV but because he used the Ten Shadows Technique as a medium, he was able to redirect UV onto Megumi, making him the target of the SH.

How many seconds of UV was that? For the last three DCs we have concrete numbers, the first two are estimates by me:

DC: 20 seconds

DC: 120 seconds

DC: 189 seconds (3m9s, counted by Mei-Mei)

DC: 189 seconds (3m9s)

DC: 160 seconds (told by the narrator)

In total, Megumi was hit definitively by UV for 538s with an estimated 140s on top. Therefore, the months of information that was fed to him are: 16,140 months (definitive) + 4200 months (estimate). In years, these are 1,345 years (definitive) and 350 years (estimate).

Megumi was hit by Unlimited Void with about 1700 years worth of information

That's the amount damage Megumi had to shoulder so that Sukuna could adapt Mahoraga to UV and protect himself. But because Megumi was only a soul at that point, he didn't die. We know that curse brains suffer less from UV than human brains, so a soul on its own most likely doesn't come out with lasting damage but only to the *body* of the soul.

What kind of effect this suffering will have on Megumi's mental state is anyone's guess. My personal theory on this is that Megumi will actually be able to understand that infinite amount of information and grow from it instead of receiving brain damage like Sukuna.

#jujutsu kaisen #jjk #fushiguro megumi #sukuna #gojo satoru #meta #theories #I made several math errors along the way #like forgetting to multiply the 6 months by 5 to get a whole second #and for some dumb reason I also calculated a year as having 24 months #the numbers just kept rising I want to say #Megumi's suffering just became bigger and bigger

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oatbugs · 6 months

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Jack Marsh (2005), Friendship Otherwise - Toward a Levinasian Description of Personal Friendship

#saw carnation lily lily rose by john singer seargent irl today. it was basically at my doorstep all along idk why i never went to see it #it was placed at a corner in the gallery. me and my friend sat down and sketched the paintings of beautiful naked people quite badly. paper #provided by tate britain. she told me about how she couldnt look her boyfriend in the face after a harrowing film about war. when i say the #interview was informal i mean the person who was supposed to be my boss told me let me get you a cider and then he said after #50 years of life he knows people are inherently good and it only takes a little bit of kindness to save this world. he said he tricked #his wife into keeping the baby and then he said he quit his job at a US bank to help people find meaning and in it #he would have liked to find meaning. instead he started climbing with his friends. he said he chews his cigarettes because its a habit from #when he had to hide things from people. the entire time i felt uncomfortable and incredibly enlightened. this is my friends mentor. she has #his pattern of pauses and expletive and penchant for ends-justify-means attitude. i do think im not very clever #but maybe one day i will love you enough to make up for it. i wrote code i dont understand staring at the final error i thought about how #we both thought of how when we're too old to remember the voices of our friends we would like to stand in the pathway of the LHC beam pipe #cut it open and eat light in the freezing cold vacuum (kills you long before radiation will) the invisible puncture wound unfolding dna #back to the start larger than you ever were. you go to heaven once youve been to hell. my friend is in my bed #practicing calculations of eigenvectors by hand and she is uninterested in a visual proof you are uninterested in incompetence #we catch a train this is your kind of burden you tragic hero wincing at that word you only do this because you have to. im the only one #who can. i am a coward in this for the fucking poetry. the visual proofs. the pretty numbers. an architect who was horrible at maths wanted #to be a philosopher and accidentally ended up neck in deep in 70th Error On Visual Studio Code i want to kiss your eyes before we say #goodbye we both know there is no love in the way there should be. I still have your dress in my wardrobe. i hope you make art.#you think im alright head-wise i think you fucking hate me i think ill never be so clever you want me to tell you my idea?#if you wanted more of this world i would have liked to kiss you harder. we cant both be like this. im sorry i cant be with you the whole wa #the love is gone if you have to ask it. his breath catches his eyes feel stiff it is -1.9 kelvin he is near the beam pipe i miss holding #his hand i miss her singing voice i miss his hair and i found the antonym of pain thank you for carrying me home.

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satansaidmyturnintheh3llscape · 9 months

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I petition that it is pointless to try and put a number to Lloyd’s age

Therefore, his official canon age is simply “younger than everyone else”

Doesn’t matter what age the other characters are, nor how many years have passed. He’s always younger than literally every other character in the canon of the show

Any of the ninja? Lloyd’s younger. Arin and Sora? Lloyd’s still younger. Lil’ Nelson? Lloyd’s younger 100%.

Anytime someone asks how old he is the ninja just say “he isn’t.” His official age on legal documents is “N/A”

#trying to calculate his age just gives you the error sign on a calculator okay #so I think this is our best option #ninjago #ninjago dragons rising #lloyd garmadon

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haerieee · 8 months

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{ ʸᵒᵘ ᶜᵃᵐᵉ ᵇᵃᶜᵏ ʰᵒᵐᵉ ᶠʳᵒᵐ ᵗᵃᵏⁱⁿᵍ ʸᵒᵘʳ ᵉˣᵃᵐˢ ᵃⁿᵈ ᶠᵉˡᵗ ᵖʳᵉᵗᵗʸ ˢʰⁱᵗᵗʸ ᵃᵇᵒᵘᵗ ⁱᵗ ˢᵒ ʸᵒᵘ ᵈᵉᶜⁱᵈᵉᵈ ᵗᵒ ʳᵃᵐᵇˡᵉ ᵃᵇᵒᵘᵗ ⁱᵗ ᵗᵒ ʸᵒᵘʳ ᵇᵒʸᶠʳⁱᵉⁿᵈ }

"i want to kill the person who set that paper."

"pfft damn"

y/n stood at the door looking gloomy, it was as though there was a thundercloud floating above her head.

the redhead, trying to stifle his laughter, pats her shoulder in consolation. you were currently staying at karma's house temporarily, so coming home at 7pm after a shitty exam PLUS a 2hr long tuition to your cute and sassy boyfriend was definitely what you needed, but also what you dreaded.

"wasn't it quite easy?"

karma teased with that annoying ass smile on his face. he took your bag from your shoulder and put it on the couch.

"easy for you, smartass."

"i thought it was the easiest paper i've ever done. i finished it in an hour actually"

"ha. ha. keep that up and i'm not going to talk to you anymore"

y/n playfully smacked him on his shoulder and karma chuckled and nodded, agreeing not to tease his girlfriend any longer.

"i can't believe what i studied didn't even come out. what a waste of time.."

y/n sighed as she went to give her boyfriend a hug. she needed to recharge her battery after a long day and feeling his warmth and inhaling the faint scent of his cologne was blissful.

"yeah, you could have spent that time hanging out with me."

karma sulked as he hugged y/n back before pecking her forehead.

"i made you your favourite meal, aren't i such a great boyfriend?"

he gestured to the food that he had prepared on the dining table. y/n's eyes lit up and she smiled, she tiptoed and pecked karma's cheeks as a token of appreciation for cheering her up after her exam.

"you're my lovely and great boyfriend indeed."

"and you are my lovely girlfriend no matter how badly you flunked your exa- ouch"

no matter how bad her days were, returning to their home and to him would immediately turn her days into beautiful ones. ♡

ⁱ ˡⁱᵗᵉʳᵃˡˡʸ ʰᵃᵈ ᵃ ᵇᵃᵈ ᵉˣᵃᵐ ᵗᵈʸ ˢᵒ ⁱ ʷʳᵒᵗᵉ ᵗʰⁱˢ ᵗᵒ ᶜᵒⁿˢᵒˡᵉ ᵐʸˢᵉˡᶠ :''⁾ ᵖˡˢ ʷʰᵉⁿ ᵃⁿᵈ ʷʰᵉʳᵉ ᶜᵃⁿ ⁱ ᶠⁱⁿᵈ ᵐʸ ᵒʷⁿ ᵏᵃʳᵐᵃ ᵃᵏᵃᵇᵃⁿᵉ, ⁱ ⁿᵉᵉᵈ ʰⁱᵐ ʳⁿ

ʰᵒᵖᵉ ʸᵃˡˡ ˡⁱᵏᵉ ᵗʰⁱˢ !

#o heavens pls bless me with a karma akabane in real life #omg first time not a angst cheating fic are yall proud #fked up my lab exam tdy my percentage error calculated was 56%💀#woah i beautified my fonts and fics took me an hr to find a nice one urgh #ansatsu kyoushitsu #assclass #karma assassination classroom #assasination classroom #akabane karma #karma x reader #karma fluff #fluff #karma #karma akabane

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pokecatt · 4 months

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Transferring some of my pokemon to black 2 with PkHex. Decided to make like the subway twins gave me these guys.

#Couldn't do it directly due to file size error #Probably due to the other game being from a hacked rom #So I had to do it the hard way calculating IVs and EVs #pokemon black 2 #submas #pokemon #pokemon black and white #Pkhex

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fyeah-tmnt · 8 months

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Out of Touch Thursday

Here's a 24hours long playlist so you can feel out of touch for the entirety of Thursday

#out of touch thursday #meme #out of touch #out of touch meme #sharing now so you can be ready when the clock hits midnight (but also because it's already thursday somewhere)#Spotify #the playlist is exactly 24 hours and 03 seconds (with some possible margin of error because i didn't calculate milliseconds)

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vegance · 2 years

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i always hear the argument that farming is necessary because animals eat food that humans are not able to eat (grass etc.). And apart from the fact that we cut down a lot of forests to make room for that grazing, it doesn't really hold up, due to the sheer amount of animals we feed. The FAO released a graphic that was eagerly picked up by meat advocates, where they said that only about 14% of animal feed was edible to humans

the thing is, that is 14% of 6 billion tonnes. lets just take the 13% that are grains, and edible for humans.

13 % of 6.000.000.000 is 780.000.000

so 780 million tonnes of grain, edible for humans

that's 780.000.000.000 kg

depending on what grain is used (corn, oats, barley, rye), calories vary a bit, but since we're talking about dried matter, lets say 1 kg has about 3000 calories.

so we have about 2.340.000.000.000.000 calories from grains every year, that we feed to livestock (mainly in rich countries). if we assume that every person needs 2.500 calories a day and add that up to a year, how many people could we feed with those calories every year?

2.564.383.561. over 2. billion. people. obviously we would lose some of that food to waste, obviously people cannot just eat corn, rye and oats. but still. so much food.

"For every 100 calories of grain we feed animals, we get only about 40 new calories of milk, 22 calories of eggs, 12 of chicken, 10 of pork, or 3 of beef." so we are just wasting calories here

if everyone shifted to a plant based diet, we could drastically reduce land use and feed more people

not everyone can shift to a plant based diet right now. but if you live in a high income country you are generally in a very privileged position in which your lifestyle is made possible by exploiting the planetary resources (outside your countries borders) and human lives and going as plant based as you can in your diet might be the single biggest thing you can do to reduce your negative impact on planet earth and the beings who live on it.

#reaaaally hope i did not just make a huge calculation error in here #that would be embarrassing #veganism #vegan

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ozziesdisco · 8 months

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I am a certified idiot to the highest degree

#g's random musings #yall are gonna be receiving posts like this every time i figure out a problem i was breaking my head over was actually easy af #and i just didnt make the connection i was supposed to #or i made a calculation error and everything went fasak because of it

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loveisinthebat · 11 months

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OKAY I MADE A MILD MISTAKE