Many people, including businessman Gautam Adami, are facing charges of running a bribery and fraud scheme worth billions of dollars in America.
The name of businessman’s nephew Sagar Adani is also included in these. Allegations are being made that bribes worth billions of dollars were paid to Indian officials to get contracts.
At present, nothing has been officially said by the business group regarding this.
The case pertains to an agreement between Adani Green Energy Limited and another company to sell 11 gigawatts of solar power to the Government of India. A case has been filed in the American court regarding this.
In this, Gautam Adani, Sagar Adani and Vineet Jain have been accused of conspiracy to commit securities and wire fraud. The names of former energy company officials Ranjit Gupta and Rupesh Aggarwal are also included in this indictment.
what is the matter
According to CNN report, 7 more people including Adani had promised to pay bribes of more than $250 million to get solar energy contracts.
On Wednesday, Deputy Assistant Attorney General Lisa Miller said the bribes were “given to lie to investors and banks to obtain billions of dollars and to obstruct justice.”
According to the report, officials say that Adani had personally met an Indian government official to take the scheme forward. It is being claimed that the meeting took place between 2020 and 2024. According to the report, the defendants met several times and discussed the bribery scheme, including evidence over multiple phone calls.
The US Justice Department says that Adani and his associates tried to hide this bribery scheme from American investors. The department said, ‘So that we can get finance. “This also includes financing solar energy supply contracts obtained through bribery.”
what allegation
US prosecutors say that 7 people including Gautam Adani and nephew Sagar Adani have tried to bribe Indian government officials. He also said that former CEO Vineet Jain had raised more than $3 billion by hiding corruption from investors and lenders.
Attorney General Brian Peace says, ‘As charged, the defendants conducted a scheme to bribe Indian government officials to obtain billions of dollars in contracts. Gautam S Adani, Sagar R Adani and Vinij Jain lied about the bribery scheme because they wanted to raise capital from US and international investors.’
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