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Adani Group Chairman Gautam Adani was accused of bribery on November 20.
A New York court has ordered simultaneous hearing of three cases involving allegations of bribery worth billions of rupees against industrialist Gautam Adani and others. The Court ordered that these cases would be heard together in a joint trial.
The cases that will be heard together include US vs. Adani et al. (criminal case against Adani), Securities and Exchange Commission (SEC) vs. Adani et al. (civil case against Adani) and SEC vs. Cabanes (civil case against other accused). Case) are included. The court gave this decision when it found that these cases are related to similar allegations and transactions.
The court said that this decision has been taken to promote judicial efficiency. It will hand over all cases to District Judge Nicholas G. Garoufis, who is also overseeing the criminal case against Adani. Court staff have been instructed to reallocate cases.
8 accused including Gautam Adani and his nephew in bribery case
Earlier on November 21, 2024, the United States Attorney’s Office had said that Adani had given or planned to give a bribe of $ 265 million (about Rs 2200 crore) to Indian officials to get a contract related to solar energy in India. Were staying.
This entire matter is related to Adani Group company Adani Green Energy Limited and another firm. This case was registered in the Federal Court of New York on 24 October 2024. In its hearing on Wednesday i.e. November 20, Gautam Adani, his nephew Sagar Adani, Vineet S Jain, Ranjit Gupta, Cyril Cabenis, Saurabh Aggarwal, Deepak Malhotra and Rupesh Aggarwal have been made accused.
Reuters report said that arrest warrants have also been issued against Gautam Adani and Sagar. Sagar is an officer of Adani Green Energy Limited.
Adani Group has declared all the allegations baseless
Adani Group has termed all the allegations as baseless. Issuing a statement on November 21, the group had said – ‘The allegations made by the United States Department of Justice and the United States Securities and Exchange Commission against the directors of Adani Green Energy Limited are baseless. We refute them.
The US Justice Department itself said that right now these are just allegations. The accused are considered innocent until proven guilty.
Sagar Adani manages the energy business
Gautam Adani’s nephew, Sagar holds a degree in Economics from Brown University US. Sagar joined Adani Group in 2015. Sagar manages the group’s energy business and finance. He focuses on renewable energy business and plans to make the company the world’s largest renewable energy producer by 2030.
Adani Green Energy has a clean energy portfolio of more than 20 GW.
Adani Green Energy Limited has a clean energy portfolio of more than 20 GW, which includes one of the world’s largest solar power plants in the country’s southern state of Tamil Nadu. Adani Group has set a target of becoming the country’s largest company in this sector by 2030.
