Adani accused of paying 'bribes worth millions of dollars to Indian government officials' in America.

Delhi. Adani Group Chairman Gautam Adani has been accused of defrauding his investors in America. Adani has been accused of paying a bribe of $ 265 million or about Rs 2236 crore and hiding it to get the contract for his company in America. Court records show that a judge has issued arrest warrants for Gautam Adani and Sagar Adani and that prosecutors plan to hand those warrants over to foreign law enforcement agencies. This entire matter is related to Adani Group company Adani Green Energy Limited and another firm. Amid allegations of 'bribery' against Gautam Adani, Leader of Opposition in Lok Sabha Rahul Gandhi has said that the investigation conducted in America has made it clear that Adani ji has committed a crime. In such a situation, our demand is that Adani should be arrested immediately.

Adani and his nephew Sagar, along with seven other defendants, agreed to pay bribes worth about $265 million to Indian government officials to get contracts for their renewable energy company and develop India's largest solar power plant project.

The Securities and Exchange Commission in the US has also filed charges in this case against Gautam Adani's nephew Sagar Adani, officials of Adani Green Energy Limited and Cyril Cabanes, an executive of another firm Azure Power Global Limited. According to the report, Gautam Adani and his nephew Sagar, along with seven other defendants, agreed to pay approximately $265 million in bribes to Indian government officials to get contracts for their renewable energy company and develop India's largest solar power plant project. Had expressed.

It has been alleged that these bribes were given to the officials between 2020 and 2024. According to the report, this matter is related to profits worth billions of dollars. According to the report, according to the allegations made by the prosecutors, Adani Group was expected to gain more than two billion dollars in 20 years through this contract. According to the report, it has also been alleged that investors and banks of other countries including America were lied to for this profit. Another Adani Green Energy executive, former CEO Vineet Jain, raised more than $3 billion in loans and bonds by hiding his corruption from lenders and investors, as claimed by prosecutors. Vineet Jain was the CEO of the company from 2020 to 2023.

Leader of Opposition in Lok Sabha Rahul Gandhi spoke to the press amid allegations of bribery against Adani Group Chairman Gautam Adani. While talking to the press, Rahul Gandhi said that Narendra Modi ji gave a slogan, 'If we are one then we are safe'. 'In India, if Adani and Modi are one then it is safe'. Nothing can be done about Adani in India. In the country, Chief Ministers go to jail for Rs 10-15 crores. Adani ji does a scam of Rs 2 thousand crores and he is roaming outside. The reason behind this is that Prime Minister Narendra Modi is providing security to Adani.

Rahul Gandhi said that Adani Power and Modi Power don't know what is going on in America, but the reality is that both are one. Adani ji has committed crimes in India and America. This has come to light in the investigation conducted in America. But nothing is happening against Adani ji in India. Adani should be arrested and he should be arrested now, we have been demanding this for a long time. Madhavi Buch who is supposed to provide security to him (Adani) did not do any investigation. He should be removed and an investigation should be conducted against him.

Congress general secretary Jairam Ramesh wrote on Twitter, “The serious allegations against Gautam Adani and others associated with him by the US Attorney's Office for the Eastern District of New York vindicates the demand that the Indian National Congress has been making for a Joint Parliamentary Committee on the various Modani scams by January 2023.” (JPC) to investigate. Congress has highlighted various aspects of these scams in the Hum Adani Ke Hain Kaun (HAHK) series and the close links between the Prime Minister and his favorite capitalist. 100 questions were asked. Answers to these questions have not been given till date.”

He said the serious charges now filed by the US Attorney's Office for the Eastern District of New York against Gautam S Adani, Sagar R Adani and others have revealed more shocking details about Adani's criminal activities. It said he paid bribes worth more than $250 million (Rs 2,100 crore) to Indian government officials between 2020 and 2024. The bribes were paid “to obtain contracts for solar power plants projects for the Government of India, which were expected to generate profits of more than $2 billion (Rs 16,800 crore) after tax.” It alleges that “on several occasions, Gautam S Adani personally met an Indian Government official in furtherance of a bribery scheme” and claims electronic and cellular phone evidence of this.

He said all of this is in line with a long record of frauds and crimes committed with the Prime Minister's apparent patronage and a do-it-yourself attitude. The fact that foreign jurisdiction has been invoked to properly investigate Adani shows how Indian institutions have been captured by the BJP, and how greedy and power-hungry leaders have sabotaged decades of institutional development. Have ruined.

He said that this revelation also once again highlights the failure of SEBI, which is investigating the violations of securities and other laws by the Adani Group and holding the group accountable for its sources of investments, shell companies, etc. I have failed completely.

He further said that the right way forward is to appoint a new and credible SEBI chief to complete the investigation into securities law violations in the Adani mega scam, and immediately constitute a JPC to conduct a thorough investigation. He said that Congress has been continuously demanding the formation of JPC to investigate the transactions of Adani Group. Because their dealings are leading to growing monopolies in key sectors of the Indian economy and, at the same time, posing particularly significant challenges to foreign policy in our neighbourhood.

The Guardian report states that either this amount of bribe is being paid or it has been decided to be paid. He has been charged in New York because the $250 million bribery scheme was hidden from American investors. It is for his role in the alleged multi-billion dollar bribery and fraud scheme related to Gautam Adani's solar projects in India. Indictment has been filed. US prosecutors said on Wednesday that Adani and seven others, including his nephew Sagar Adani, defrauded Indian government officials of about $265 million to get a contract that could yield $2 billion in profits over 20 years and develop India's largest solar power plant project. Agreed to pay a bribe of million dollars.

US prosecutors said on Wednesday that Adani and seven others, including his nephew Sagar Adani, defrauded Indian government officials of about $265 million to get a contract that could yield $2 billion in profits over 20 years and develop India's largest solar power plant project. Agreed to pay a bribe of million dollars. Prosecutors also alleged that Adani and another Adani Green Energy executive, former CEO Vineet Jain, raised more than $3 billion in loans and bonds by hiding their corruption from lenders and investors.

Meanwhile, in another action the US Securities and Exchange Commission has accused Adani and two co-defendants of violating anti-fraud provisions of US securities laws. The commission is seeking imposition of monetary fines and other sanctions. Both cases were filed in federal court in Brooklyn. US law allows for the investigation of allegations of foreign corruption if they relate to US markets. Adani is accused of being personally involved in the scheme, the US Attorney's Office statement said. Met an Indian government official to discuss the extension, which took place between 2020 and 2024.

FBI Assistant Director in Charge James E. Dennehy said, “Gautam S. Adani and seven other business executives allegedly paid bribes to the Indian government to finance lucrative contracts to benefit their businesses. Adani and other defendants defrauded investors by raising capital based on false statements about bribery and corruption, while other defendants allegedly committed bribery by obstructing government investigations Tried to hide the conspiracy.”

Bloomberg had reported in March this year that such an investigation was underway. Adani Group had then told the news outlet that it was not aware of any such investigation against Chairman Adani. It had said, “As a business group that operates with the highest standards of governance, we are subject to and fully comply with anti-corruption and anti-bribery laws in India and other countries.”