The Telangana government has rejected the Adani Group’s offer of a donation of Rs 100 crore. This donation was being given for the Young India Skill University. This information was given by Chief Minister Revanth Reddy in a press conference on Monday. Reddy said – The decision has been taken due to the current controversy of the Adani Group. Taking the donation can harm the image of the state government and my own. A letter has been sent by the government to the Adani Group on Sunday itself. In it, Adani Group has been requested not to transfer Rs 100 crore for the university. Many companies have given funds to the university, but the Telangana government has not received a single rupee from any group in its account so far. Adani accused of fraud, claim – ? 2200 crore bribe offered for the contract
8 people including industrialist Gautam Adani have been accused of fraud worth billions of rupees in New York, USA. Gautam Adani, his nephew Sagar Adani, Vineet Jain, Ranjit Gupta, Cyril Cabanis, Saurabh Aggarwal, Deepak Malhotra and Rupesh Aggarwal were accused in the hearing on November 20 in the Federal Court of New York. According to the report of Reuters, arrest warrants have also been issued against Gautam Adani and Sagar. The United States Attorney’s Office said that Adani had given or was planning to give a bribe of $ 265 million (about Rs 2200 crore) to Indian officials to get contracts related to solar energy in India. The whole matter is related to Adani Green Energy Limited and another firm. Adani Group has called all the allegations baseless. Money of American investors, hence the case there
Adani is accused of lying to American investors and banks to raise bribe money. The case was registered in America because the money of American investors was invested in the project and under American law, giving that money as a bribe is a crime. Read the full news… Rahul said- PM Modi is protecting Adani, BJP’s reply- Mother-son themselves are on bail
Rahul Gandhi held a press conference on November 21 on the corruption charges against Gautam Adani. He said that Adani ji is doing a scam of 2 thousand crores and is roaming outside because PM Modi is protecting him. Gautam Adani has committed a crime in America, but nothing is happening to him in India. In response to this, BJP spokesperson Sambit Patra held a press conference and said that Rahul Gandhi is tarnishing the image of Prime Minister Modi. He raised the Rafale issue in 2019, but later he had to apologize in the Supreme Court. Rahul Gandhi said in the press conference that Congress is doing the work of the judiciary, while the mother-son (Sonia Gandhi and Rahul Gandhi) themselves are on bail. Read the full news… Gautam Adani’s net worth fell by ?1.02 lakh crore in a day
The net worth of Adani Group chairman Gautam Adani fell by $12.1 billion (about Rs 1.02 lakh crore) to $57.7 billion (Rs 4.87 lakh crore) in a day due to the fall in shares on November 21 after allegations of bribery and fraud. Out of the 10 companies of Adani Group, shares of 9 closed with a decline and 1 with a rise. Adani Enterprises fell the most by 23.44%. Whereas, Adani Green Energy’s stock closed with a decline of 18.95%. Other controversies related to Gautam Adani… First controversy: Hindenburg Research alleges money laundering
It is of January 2023. Gautam Adani’s flagship company Adani Enterprises announced a follow-on public offer of Rs 20,000 crore. The offer was to open on 27 January 2023, but just before that, on 24 January 2023, Hindenburg Research released a report, in which Adani Group was accused of money laundering and share manipulation. By January 25, the market value of the group’s shares fell by about $ 12 billion (about Rs 1 lakh crore). However, Adani denied allegations of any wrongdoing. In such a situation, Adani Group also cancelled its follow-on public offer of Rs 20,000 crore. The Supreme Court formed a 6-member committee to investigate the case and SEBI also investigated the matter. After the court’s decision, Adani Group Chairman Gautam Adani had said, ‘The court’s decision shows that truth has won. Satyamev Jayate. I am grateful to those who stood with us. Our contribution to India’s growth story will continue. Jai Hind.’ Second controversy: Allegations of selling low-grade coal as high-grade
A month ago, the Financial Times, citing a report by the Organized Crime and Corruption Reporting Project, claimed that in January 2014, the Adani Group bought ‘low-grade’ coal from an Indonesian company at an alleged price of $28 (about Rs 2360) per tonne. The report alleges that this shipment was sold to the Tamil Nadu Generation and Distribution Company (TANGEDCO) as high-quality coal at an average price of $91.91 (about Rs 7750) per tonne. Adani Group was earlier accused of fraud in coal import bill… …………………………………………….. Read this news related to the controversy too… Claim – US agency cannot send summons to Adani, notice can be sent only through political channel. It is not in the power of the US Securities and Commission (SEC) to send summons to Adani Group chairman Gautam Adani in the case of allegations of bribery and fraud worth billions of rupees. This claim has been made in some media reports. It has been said that the summons will have to be sent through proper diplomatic channel. Read full news… Bangladesh will investigate power deal with Adani, the agreement was made when Hasina was PM. The problems of Adani Group, which is surrounded by allegations of bribery in America, are increasing. In Bangladesh, it has been recommended to form an agency to investigate the power agreement made with Adani Group when Sheikh Hasina was the PM. Read full news…
