Now the White House statement came amid allegations that veteran businessman Gautam Adani offered bribes to win contracts for solar energy projects. The White House says we are aware of these allegations.
White House Press Secretary Karine Jean Pierre stated that we are attentive to this matter. Only the Securities and Exchange Commission (SEC) and the Department of Justice (DoJ) of the United States will be able to provide the necessary information on these allegations, but I will talk about the impact of this matter on India-US relations.
He said India-US relations are based on a very solid foundation. This is linked to the ties between people of the two countries and our bilateral cooperation. We will keep an eye on this matter, just as we keep an eye on other matters. But only the Securities and Exchange Commission and the Department of Justice will be able to give any type of answer on this matter. But I would like to say once again that India-US relations are built on a solid foundation.
We tell you that Gautam Adani is surrounded by new accusations. Bribes worth approximately Rs 2,250 crore to Indian officials to obtain contracts for solar energy projects in India. Adani Group had raised funds for these projects from American investors, which is why this case has come against them in the American courts. The group was expected to make about $2 billion in profits from these projects over 20 years.
The main players in this whole matter are Gautam Adani, Chairman and Founder of Adani Group, Sagar Adani, CEO of Adani Green Energy, Ranjit Gupta, CEO of Azure Power, Rupesh Aggarwal, Advisor to Azure Power, a US issuer. According to the US indictment, Adani Group and the US issuer had won a contract to supply 12 gigawatts of solar energy to the state-owned Solar Energy Corporation of India (SECI), but SECI could not find buyers in India to purchase the solar energy. . The deal could not be carried out without buyers and both companies risked huge losses. Therefore, Adani Group and Azure Power offered bribes to Indian government officials.
