ASIATODAY.ID, JAKARTA – The coal mining company in Indonesia, PT Jhonlin, has spoken out regarding the company’s alleged involvement in the coal price manipulation scandal carried out by the company owned by the richest person in Asia, Gautam Adani, namely the Adani Group.
According to PT Jhonlin, this news is not true.
Jhonlin Group lawyer Junaidi Tirtanata said that reports by a number of media linking the company to the Adani Group were baseless. Because, in the process of purchasing coal by the Indian company, Jhonlin only acted as a seller and was not involved at all in the alleged fraud.
“We carry out coal business practices in accordance with applicable regulations in Indonesia and international regulations. We continue to uphold and maintain this reputation throughout the Johnlin Group,” emphasized Junaidi in an official statement, quoted on Sunday, June 2 2024.
Junaidi then explained that the alleged Adani Group fraud was allegedly related to the United States (US) billionaire, George Soros. Because similar accusations surfaced in 2015-2016. A spokesperson for the Adani Group has also denied all these allegations.
He explained that the Organized Crime and Corruption Reporting Project (OCCRP) itself exposed the alleged coal fraud that dragged down the Adani Group. Based on OCCRP documents, Adani Group purchased coal from PT Jhonlin at a price of US$28 per ton.
In December 2013, the ship MV Kalliopi L carrying coal left Indonesia for India. The coal is used for the Steam Power Plant (PLTU) belonging to the State Electricity Company of India. The transaction process involved Supreme Union Investors based in the British Virgin Islands as an intermediary.
“So this process is truly pure business,” continued Junaidi.
Junaidi then explained that the OCCRP attack on the Adani group was strongly suspected to be related to George Soros. Because, Junaidi said that Soros is indeed at odds with the current regime in India led by PM Narendra Modi. On the other hand, conglomerate Gautam Adani, owner of the Adani Group is very close to PM Modi.
“It is not surprising that information from OCCRP has become the main topic in the Indian media since May 22 2024. They quoted from the British media, the Financial Times. A spokesperson for Adani once said that his coal had been tested both independently and by Indian customs. He also said “This spotlight is just a recycling of accusations from 2015-2016. As a result, Adani’s share price fell by 50 percent,” wrote Junaidi.
Through the Open Society Foundations, Junaidi said Soros had spent US$ 18 billion on similar activities throughout the world. Publicly, Soros has even said that PM Modi must be responsible for these financial mistakes.
According to Junaidi, the Adani case will weaken Modi’s power and will revive democracy in the country.
“Regarding Soros’ statement, the Indian government was angry and did not remain silent. At a conference in Sydney, Indian Foreign Minister Subrahmanyam Jaishankar denied Soros’ accusations. He said the Hungarian-US billionaire’s comments were typical of a ‘Euro-Atlantic view’,” he added. Junaidi. (ATN)
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