Serious allegations on Gautam Adani in the US ||
Serious allegations have been leveled against Adani Group chairman Gautam Adani in the US. These allegations are related to cheating the investors of his company. He has been accused of giving a bribe of 256 million dollars about 2236 crore rupees to get a contract for his company in the US and using it as a cover. There has been an allegation of concealment. This entire matter is said to be connected to Adani Group’s company Adani Green Energy Limited and another firm. In what connection are the allegations of fraud and what all Information is coming out that the US Securities and Exchange Commission ( SEC) on Wednesday also filed charges against Gautam Adani’s nephew Sagar Adani, officials of Adani Green Energy Limited and an executive of another firm Adani Power Global Limited, in this case, according to reports. Gautam Adani and his nephew Sagar Adani along with seven other accused are said to have paid bribes of about $2 million to Indian government officials to get contracts for their renewable energy company and to develop India ‘s largest solar power plant project. had agreed upon Actually, the United States Attorney’s Office is a law enforcement agency of America.
According to this, between 2020 and 2024, Adani wanted a contract from the Indian government for his solar energy project in India, for which Adani had to give a bribe of $ 265 million to Indian officials. It is said that Adani expected to earn more than $2 billion in profit from this project in 20 years. It is alleged that Adani lied to US foreign investors and banks to raise this money and took $175 million from them, according to the allegations. This money was used for bribes. Prosecutors have also alleged that Vineet Jain, the former CEO of Adani Green Energy, raised loans and bonds worth more than $3 billion by hiding his corruption from donors and investors. Now the Supreme Court of America has issued an arrest warrant against Gautam Adani and his nephew Sagar Adani on this matter. Now you can understand the points in an easy way. I will tell you what the whole matter is. A bribe of 250 million was promised to the officials for the contract from the Indian government. Adani also met an Indian government official to expand the scheme. This thing is also coming to light in Adani Solar Energy Project. Four more people associated with Seal Cabinet have also been accused whose names are being told as Seal Cabinet Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal. These four had conspired to stop the investigation of the Grand Jury FBI and the US Securities and Exchange Commission (SEC) in the bribery scheme.
Adani Green Energy had raised a total of $3 billion from US investors and international lenders to provide funds under the contract. Now even though the allegations against Adani have come to light on Wednesday, two days before this, on November 18, the shares of Adani Energy had fallen by 100%. A decline was seen because as soon as this news came out, everyone’s eyes are on Adani shares. Adani Energy Solution shares also closed with a decline on Monday, while Adani Green Energy shares saw a decline of 2.33 percent. Now if we talk about today 21st November morning, then information is being received that as soon as the market opened, all the stocks of the group crashed, lower circuit was applied in most of the stocks, till the time the video was recorded many stocks were at 20 The news of the breakdown of Adani is coming out, now let us tell you whether Adani has been involved in any case before this, so before this, serious allegations were leveled against Adani in January 2023 when the flagship company Adani Enterprises had announced to bring a follow-on public offer of Rs 20,000 crore. It was said that this offer was to open on 27 January 2023, but just before that on 24 January 2023, American stock selling company Hindenburg Research released a report in which Adani Group was accused of money laundering and share manipulation on 25 January By 2015, the group’s share market value had fallen by about ₹ 1.25 lakh crore.
Gautam Adani replies
However, Adani had denied any allegations of wrongdoing and made his ₹ 20,000 crore follow-on public. The offer was also cancelled. The Supreme Court formed a six-member committee to investigate the case and SEBI also investigated the matter and the verdict was given in favour of Adani. At present, there is no response from Adani in this case. Whatever updates come in this matter, we will definitely bring those to you. All the information for this story has been gathered by our colleague.
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Serious allegations on Gautam Adani in the US || Gautam Adani ||
