Gautam Adani’s big troubles: Fraud allegation in New York

In America, 8 people including industrialist Gautam Adani have been accused of fraud.
The United States Attorney’s Office said that ‘Adani paid or was planning to pay bribes of $ 265 million to Indian officials to get contracts related to solar energy in India’.

This case was registered in the Federal Court of New York.

In its hearing, Gautam Adani, his nephew Sagar Adani, Vineet S Jain, Ranjit Gupta, Cyril Cabenis, Saurabh Aggarwal, Deepak Malhotra and Rupesh Aggarwal have been made accused.

Arrest warrant has also been issued against Gautam Adani and Sagar. Adani is accused of lying to American investors to collect this bribe money. 

Meanwhile, Adani Group has termed all the allegations as baseless.

After this news, there was chaos in the stock market on Thursday and the shares of all the companies of Gautam Adani crashed.

After this news, the shares of all the companies of Adani Group have fallen by 15 to 20%.

 


 

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