Gautam Adani, chairman of Adani Group and the country’s second richest industrialist, seems to be in big trouble. Adani and seven others have been accused of bribery and fraud worth billions of dollars in the US. This case was heard in the American court. Arrest warrants have been issued against Adani and his nephew. After being named in this case, Adani Group canceled a bond worth $ 600 million in America.
Adani bribed to get solar energy project in India !
Arrest warrants were issued against Gautam Adani and his nephew Sagar Adani after a grand jury in New York on Wednesday indicted seven others, including the Indian businessman, on bribery charges worth $265 million (about Rs 2,029 crore), news agency Reuters reported. Pleaded guilty to charges of taking.
The US court found Adani Group guilty of paying bribes to get solar energy projects in India. Along with this, it has also been said that an attempt was made to obstruct justice by destroying electronic evidence and misleading the Justice Department, Securities and Exchange Commission and FBI.
Reuters report said that while announcing the investment, Adani also congratulated Donald Trump on his election victory in the US presidential election. It is worth noting here that Trump has promised to simplify rules for energy companies. This allows them to land on federal land.
What is the case against Adani?
According to the case filed by the US Securities and Exchange Commission, Gautam Adani has been accused of allegedly defrauding US investors and bribing officials. Adani and others are accused of defrauding American investors by making false and misleading statements and took funds from institutions. After this the amount was used for bribery.
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