Summons appeared against Adani in the United States. Indian billionaire Gautam Adani has been summoned by the U.S. Securities and Exchange Commission (SEC) on charges of bribing government officials with millions of dollars and hiding information regarding investor funds. Reuters claims that court records are the source of this information.
Summons appeared against Adani…. In the past, arrest warrants were also issued in the US for Gautam Adani and Sagar Adani, his nephew. A response to the summons must be sent within 21 days, according to documents submitted to the U.S. District Court for the Eastern District of New York. Adanis has also been the target of vague financial penalties and restrictions from the Securities and Exchange Commission (SEC).
Representatives of the Adani Group did not immediately reply to Reuters’ request for comment on the issue as of Sunday, November 24. Summons appeared against Adani…….
The U.S. court’s criminal allegations were previously dismissed by the group as “baseless.”
According to U.S. authorities, in order to obtain a power supply contract, Gautam and Sagar Adani agreed to gradually pay $265 million in bribes to Indian officials. According to reports, one of Adani’s purported allies tracked these bribe payments to the officials using their phone very carefully.
According to the authorities, in order to obtain a contract for India’s largest solar power project and earn $2 billion in profits over more than 20 years, Gautam Adani, his nephew Sagar, and five other defendants colluded to bribe government officials.
Rahul Gandhi, a Congress politician, has also demanded that Gautam Adani be taken into custody. Rahul stressed during a news conference that the claims made against Adani in the U.S. court should be carefully examined and that the proper legal action be taken.
Rahul Gandhi said, “As long as Narendra Modi and Adani are together, they are protected,” accusing Modi of protecting Adani from probes. Nothing can be done against Adani in India. Because Narendra Modi is shielding him, Adani is free to wander around after committing a ₹2,000 crore scam, while chief ministers are imprisoned here. No action is being taken against Adani in India despite the fact that he has committed crimes in both the US and India.
Summons appeared against Adani
