अमेरिका में गौतम अडानी के खिलाफ चल रहे फ्रॉड केस होंगे बंद, रिपोर्ट में दावा – gautam adani us fraud bribery case doj sec bloomberg report mdsb ntc
Fraud charges against Indian billionaire Gautam Adani may be withdrawn. This claim has been made in a Bloomberg report. According to the report, the US Justice Department may withdraw the criminal case related to an alleged bribery and fraud scheme worth $265 million in the coming days.
If the US Justice Department does this, it could be a matter of relief for the Chairman of Adani Group. This comes at a time when US prosecutors in New York accused him and other officials more than a year ago of running a billion-dollar corruption network linked to India’s largest solar project.
bloomberg Has said in its report that the US Justice Department is preparing to withdraw the charges. The US Securities and Exchange Commission (SEC) is also moving towards settling a parallel civil fraud case filed against Adani and others in November 2024.
What is the whole matter?
A charge sheet was issued by US prosecutors in November 2024, Gautam Adanihis nephew Sagar Adani and several others were accused of involvement in a bribery scheme involving payments of approximately $265 million to Indian government officials. Prosecutors alleged that the payments were made to secure contracts that were expected to yield nearly $2 billion in profits over two decades. This would help in the development of India’s largest solar energy plant project.
US authorities also alleged that Gautam Adani, Sagar Adani and former Adani Green Energy CEO Vineet Jain raised more than $3 billion through loan and bond issuances, while concealing information about alleged corruption from lenders and investors. Prosecutors charged the trio with securities fraud, conspiracy to commit fraud and conspiracy to commit wire fraud, while the Adani family also faces a civil case from the SEC.
Also read: This power generation company had gone bankrupt, Adani Group bought it in auction
According to the charge sheet, some conspirators personally used code names like ‘Numero Uno’ and ‘The Big Man’ for Gautam Adani. Prosecutors further alleged that Sagar Adani used his cellphone to monitor information related to bribe payments.
The remaining accused included former Azure Power Global executives Ranjit Gupta and Rupesh Aggarwal. In addition, there were also officials associated with Caisse de Depot et Placement du Quebec, a Canadian institutional investor. These included Cyril Cabanes, a dual French-Australian citizen living in Singapore, who was also accused by the SEC. Prosecutors said all the other accused were Indian citizens.
When these charges were announced, none of the accused were in US custody. A spokesperson for then-US Attorney Brian Peace said that authorities had obtained arrest warrants for Gautam and Sagar Adani and were planning to share them with foreign law enforcement agencies. It was believed that Gautam Adani was in India.
Adani founded Adani Group as a commodity trading business in Gujarat in 1988 after leaving school at the age of 16. Over the decades, he expanded the conglomerate to ports, airports, mining, power generation, transmission and logistics and built one of India’s largest infrastructure empires.
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