New Delhi. Gautam Adani and Adani Group’s problems are continually increasing following allegations of bribery and fraud with investors for solar energy contracts in the United States. Now there is news that Andhra Pradesh may cancel the power supply contract related to Adani Group. For this, the Andhra government is reviewing the files. This information has been given in a Reuters report.
The Andhra Pradesh state government is examining all internal files of the previous administration on the alleged allegations, state Finance Minister Payyavula Keshav told Reuters on Monday. Keshav said, “We will also see what more can be done, for example, whether there is a possibility of canceling the contract… The state government is closely considering the issue.”
US authorities have accused Gautam Adani and seven others of paying $265 million in bribes to certain Indian government officials to obtain solar power supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory. of Jammu and Kashmir between 2021 and 2022. accused of accepting. The US Department of Justice has accused Adani, the country’s second-richest man, and his nephew Sagar Adani, along with seven others, of bribing officials in Andhra Pradesh and Odisha to buy expensive solar energy at market prices. . However, the names of the officers were not revealed in this. It is alleged that Rs 25 lakh per MW was paid to an Andhra Pradesh state government official. The state then agreed to purchase 7,000 megawatts (7 GW) of solar power from SECI. However, Adani Group has denied all the allegations and termed them baseless. At the same time, Andhra Pradesh’s previous ruling party, the YSR Congress Party, had denied any wrongdoing last week. Here, French oil company TotalEnergies on Monday stopped new investments in the Adani Group. Let us tell you that TalEnergies has a 20 per cent stake in Adani Green.
Let us tell you that last Friday, Andhra Pradesh Chief Minister N. Chandrababu Naidu said that the state government has the ‘charge sheet report’ filed in the US related to the alleged bribery scam involving the previous YSRCP government and the Adani Group. He “promised” to take action against irregularities. Naidu said the allegations involving the YSRCP government and the Adani Group have damaged the reputation of the southern state and its brand image and termed it a “very sad development”.
