The United States sought assistance from India in the United States Adi case: the United States sought assistance from India in the Adani case: trying to give notice to Gautam and Sagar exchange; Has been contacted by the Ministry of Law

Five people, including industrialist Gautam Adani, were charged with fraud of billions. It was alleged that he was planning Indian authorities to bribe $ 265 million to get a solar power deal in India.

The United States has sought assistance from the Government of India in fraud and bribery cases against America. The US Securities and Exchange Commission (SEC) has told the New York Federal Court that Gautam Adani and Sagar exchange are being given notice in the bribe case.

The SEC told the court on Tuesday that industrialist Gautam Adani and his nephew Sagar Adani were present in India. He sought help from the Indian authorities to give them notice. For this, the Indian Ministry of Law is being contacted.

In fact, five people, including businessman Gautam Adani, have been accused of cheating on renewable power project in India. To get this project, he planned to pay Rs 2,000 crore in the bribe. In this case a case was registered in the Federal Court of New York on October 24 2024.

The American investors are accused of raising money by lying to

The fraud was related to Adani Green Energy Limited and another firm in the Adi Group. It was alleged that Adi and the rest of the American investors and the bank raised money from the bank. Then, to get the project, government officials were planned to bribe $ 250 million or about Rs 229 crore.

It was not said to bribe anywhere

According to the charge sheet, it is a violation of the US Foreign Anti -Corruption Project Act (FCPA). The special issue is that the US judicial document was said to bribe and plan. Bribe was not called.

The case was heard in the court on November 2024 and the case was published.

Adani Group describes all allegations as baseless

The Adani group described all the allegations as baseless. In a statement issued on November 27, the party said: “The directors of Adnie Green Energy Limited are baseless by the United States Judicial Department and the United States Securities and Exchange Commission. We refuse them.

Adnie’s net price has dropped to Rs 1 lakh crore

After the news came, the net price of the exchange fell to Rs 1.22 lakh crore. At the same time, Kenya has canceled the power infection and airport expansion agreement with the Adani Group. The value of both contracts was Tk 21,422 crore.

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