No evidence has been found in the US Justice Department’s investigation into corruption allegations against Adani Group Chairman Gautam Adani and nephew Sagar Adani. Adani Green Energy said in a statement on Monday that no irregularities were found in the independent investigation of the company’s top officials, including the chairman. In fact, in November 2024, 8 people including Adani were accused of giving a bribe of $250 million i.e. about Rs 2,029 crore to government officials. Allegations of fraud in America Last year, 8 people including Adani were accused of fraud worth billions of rupees in the US. According to the US Attorney Office charge sheet, Adani’s company had wrongly acquired renewable energy projects in India. For this, bribes were given to government officials. At the same time, money was collected by lying to investors and banks in America too. This whole matter was related to Adani Group’s company Adani Green Energy Limited and another firm. This case was registered in the Federal Court of New York on 24 October 2024. Gautam Adani was summoned by the US Securities and Exchange Commission (US SEC) last month in a bribery and fraud case. According to The Hindu report, the central government has transferred the summons to the Sessions Court of Ahmedabad on February 25, so that it can be delivered to Gautam Adani’s Shantivan Farm House in Ahmedabad. This summons has been sent under the Hague Treaty of 1965. In the treaty, countries involved in any matter can directly request assistance in handing over legal documents to each other’s citizens. Earlier on November 23, the US SEC had sent a summons to Adani to clarify its stand on the allegations. Gautam and Sagar Adani were summoned to respond to the SEC within 21 days. Adani has been in a lot of controversies for some time, so a look at some of the big cases related to him… 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 January 27, 2023, but just before that, on January 24, 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: Allegation 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 the coal import bill… ………………………………. Read this news too… Adani’s net worth fell by ?1.03 lakh crores in the new year: This is the most after Elon Musk, Musk’s net worth decreased by ?3.05 lakh crores Adani Group chairman Gautam Adani’s net worth has decreased by ?1.03 lakh crores since January 1 this year. In the list of world’s richest people, after Elon Musk, Gautam Adani’s net worth has fallen the most. According to the Bloomberg Billionaires Index, Adani is at number 23 with a net worth of ?5.8 lakh crores. Read the full news…
