A research report published in the US this week cites numerous concerns with Adani’s business structure, accounting practices and its lofty valuation. Echoing Enron – one of the most spectacular corporate failures in recent history – the report even questions how Adani makes money, if at all. What’s the scam?
Source: Is Adani the next Enron? What’s the scam? – Michael West
Now an explanation is needed
After telling Rex Patrick his PM’s Diary FOI request would be processed for $1,344, and after Rex paid the deposit, the Prime Minister’s Office has backflipped and is now refusing to process the request for 29 pages on the grounds that doing so “would substantially and unreasonable interfere with the performance of the [Prime] Minister’s functions”. What’s the scam?
Source: Rex Hex: PM’s office backflips, refuses to release Albo’s diaries – Michael West
Kevin Gallagher was paid $37m over five years, more than Santos booked in profits, while they paid zero tax, raked in $20bn income from government gas permits, and never complained once about the $50bn of public subsidies to the fossil fuel sector. What’s the scam?
Source: Kevin from Santos loves public hand-outs, loathes tax, lashes Labor’s little gas price limit as “Soviet” – Michael West
The trees were cut down, the profits of timber exporters have been rising strongly, yet the losses of VicForests are spiralling. What’s the scam?
Source: VicForests: What’s the Scam? – Michael West