New Delhi. After a US district court in New York charged Adani Group Chairman Gautam Adani and others with being involved in an alleged bribery and fraud scheme, Congress leader Jairam Ramesh said on Thursday he will lead to a Joint Parliamentary Committee investigation into several alleged scams. to achieve this has been correct.
In a publication in He demonstrates it. The Congress, in its Hum Adani Ke Hain (HAHK) series, had asked a hundred questions highlighting the various dimensions of these scams and the intimate nexus between the prime minister and his favorite businessman. These questions remain unanswered.
The Congress leader also noted that the SEC’s action also sheds bad light on the way its Indian counterpart, SEBI, investigates alleged violations of securities and other laws by the Adani Group. Jairam Ramesh further said that the Congress reiterates its demand for a Joint Parliamentary Committee (JPC) probe into the Adani Group’s transactions, which are leading to monopolization in key sectors of the Indian economy, rising inflation and, especially, in our neighborhood. are emerging for foreign policy.
According to the U.S. Attorney’s Office for the Eastern District of New York, Gautam Adani, Sagar R. Adani and Vineet S. A five-schedule criminal indictment charging Jain with wire and securities fraud and conspiracy to commit fraud was unsealed in federal court. securities, including a multibillion-dollar conspiracy to obtain funds from U.S. investors and global financial institutions based on false and misleading statements. had a role in the dollar scheme.
The indictment includes Ranjit Gupta and Rupesh Aggarwal, former executives of a renewable energy company whose securities were traded on the New York Stock Exchange (US issuer), and Cyril Cabanes, Saurabh Aggarwal and Deepak Malhotra, former employees of a Canadian institutional investor . He has also been charged with conspiracy to violate the Foreign Corrupt Practices Act in connection with the alleged bribery scheme.
U.S. Attorney Brion Peace said that, according to the charges, the defendants orchestrated an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars and Gautam S. Adani, Sagar R. Adani and Vineet S. Jain lied about the bribery scheme because he wanted to raise capital from American and international investors. The indictment also accuses the executive of obstructing investigations by the FBI, the Department of Justice (DOJ), and the Securities and Exchange Commission (SEC).
The U.S. Attorney’s Office says the charges in the indictment are allegations and that the defendants are presumed innocent until proven guilty. The investigation was conducted by the Corporate, Securities and Commodities Fraud, and International Corruption units of the FBI in New York. The government’s case is being handled by the Securities and Commercial Fraud Section of the U.S. Attorney’s Office for the Eastern District of New York and the Fraud Section of the Criminal Division. There has been no response yet from Gautam Adani’s office or other people named in the indictment.
