Closely witnessed death in kidnapping and 26/11 attacks, are players of danger… but this time Adani is in big trouble.
New Delhi: Indian industrialist Gautam Adani is in big trouble this time. In America, 8 people including Adani have been accused of fraud worth billions of rupees.
The United States Attorney's Office says that Adani had planned to bribe Indian officials to the tune of $265 million (about Rs 2200 crore) to obtain contracts related to solar energy in India. This entire matter is related to Adani's Green Energy Limited and another firm.
The remaining gap in this matter was filled by Leader of Opposition Rahul Gandhi. Gandhi said on the corruption charges against Gautam Adani in America, Adani is roaming around in America after committing a scam of Rs 2000 crore because PM Modi is protecting him. He said that he will raise this issue vigorously in the Parliament.
It is noteworthy that Gautam Adani has gone through many difficulties before. This is not the first time, but it is being said that this time industrialist Gautam is in big trouble. It is almost impossible for them to escape from it.
Adani's life was full of dangers
Industrialist Gautam Adani was kidnapped by bandits for ransom in 1998. Almost 11 years later, when terrorists attacked Mumbai on 26 November 2008, he was one of the people taken hostage in the Taj Hotel located on the sea shore. Gautam Adani, who dropped out of school in childhood, his ability to deal with crises and his business acumen have taken him to the category of India's richest people.
Fear of huge loss due to allegations
US prosecutors have accused him and seven others, including his nephew Sagar, of being part of a scheme to pay $265 million in bribes to Indian officials in exchange for favorable terms on solar energy contracts, allowing his group to make $2 billion in profits. I could get help. Adani's listed companies lost $26 billion on Thursday, which is the biggest single-day loss in terms of market value. This loss is almost double the loss suffered by American research-investment company Hindenburg Research after the allegations.
Adani used to sort diamonds in Mumbai
Gautam Adani was born in a Jain family in Ahmedabad, Gujarat. He is the seventh of eight children of textile businessman Shantilal Adani and Shanta Adani. After leaving school, Adani moved to Mumbai at the age of 16, where he worked as a diamond sorter in the gem business for some time. He returned to Gujarat in 1981 to help his elder brother Mahasukhbhai, who ran a small PVC film factory purchased by the family in Ahmedabad. In 1988, he established a commodity trading enterprise by the name of Adani Exports and listed it on the stock exchange in 1994. Now the name of this firm is Adani Enterprises.
Adani was kidnapped at gunpoint
On January 1, 1998, Adani and his associate Shantilal Patel were abducted at gunpoint after leaving their car at Karnavati Club in Ahmedabad. He was allegedly held for a ransom of $15-20 lakh by gangsters Fazlu Rehman and Bhogilal Darji alias Mama (who were later acquitted due to lack of evidence). Both were released the next day. However, it was not known whether ransom was paid or not.
Death seen at a distance of 15 feet in 26/11 attack
Gautam Adani was dining with Mohammed Sharaf, Chief Executive Officer (CEO) of Dubai Port, at the prestigious Taj Hotel in Mumbai on November 26, 2008. When he was about to leave after paying the bills, some colleagues called for a second meeting over coffee. Then the terrorists attacked the hotel. About 160 people were killed in this attack. Adani along with other guests was taken first to the hotel kitchen and then to the underground floor by the staff. He later said that if he had gone out after paying the dinner bill, he too would not have been caught in the attack. Adani spent the night underground and then in a hall, before being rescued by 'commandos' the next morning. “I saw death just 15 feet away,” Adani had said after his private plane landed at Ahmedabad airport on November 27.
Hindenburg caused big loss to Adani
Research-investment firm Hindenburg Research released a report in January 2023 alleging that the Adani Group 'has been involved in a stock market manipulation and accounting fraud scheme for decades.' Hindenburg Research attracted worldwide attention by forcing the shutdown of electric-vehicle manufacturers Nikola and Lordstown Motors. Adani rejected all allegations and threatened to sue Hindenburg for a 'reckless' attempt to thwart the mega share sale in Adani Enterprises. Recent allegations may prove to be his biggest challenge. As in all legal proceedings, Adani will be considered innocent until proven guilty, but until then the group may remain under pressure.
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