Adani Group Chairman and Indian billionaire Gautam Adani has taken a big hit from the United States. He has been accused of allegedly paying a bribe of $265 million (around Rs 2,236 crore) to Adani Green Energy Ltd in the US to obtain a contract related to a solar energy project. US prosecutors claimed that other senior company officials had agreed to make this payment to Indian officials. In this case, Sagar Adani’s name is in the limelight. Let us know who you are and what is your relationship with Gautam Adani.
Sagar is the nephew of Gautam Adani.
Sagar Adani is the nephew of Adani Group Chairman Gautam Adani and is the CEO of Adani Green Energy Limited, which is under investigation in the United States. Sagar Adani joined the group in 2015 after completing his studies in the United States. He graduated in Economics from Brown University in the United States. Now, along with billionaire Gautam Adani, his nephew Sagar’s name is also at the center of the American investigation. We tell you that Sagar Adani manages the energy business in the group led by Gautam Adani.
These names are in the case of Sagar Adani.
The US Securities and Exchange Commission (SEC) on Wednesday charged Gautam Adani and his nephew Sagar Adani with offering a $265 million bribe. Apart from this, seven other accused also agreed to bribe officials to get the contract from Adani Green Energy Company. The other people included in the US probe along with Sagar Adani in this case are Vineet Jain, Ranjit Gupta, Cyril Cabenis, Saurabh Aggarwal, Deepak Malhotra and Rupesh Aggarwal.
Here is the news of the investigation, there are Rs 2.6 lakh crore Swahili.
After this news from the United States, there was a huge drop in the shares of listed Adani Group companies. Shares like Adani Enterprises, Adani Energy Solutions, Adani Green Energy fell 20 per cent, while Adani Total Gas, Adani Power, Adani Ports, Ambuja Cements, ACC shares, NDTV Shares and Adani Wilmar also fell 10-15 per cent. percent. Fall Due to this stock quake, Adani Group suffered a loss of Rs 2.6 lakh crore in one fell swoop.
This clarification came from Adani Group.
The Adani Group’s clarification also came on the allegations leveled by the US Department of Justice and the SEC against Adani Group Chairman Gautam Adani and the directors of his company Adani Green Energy, in which all these accusations have been completely rejected as unfounded.
