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Adani Green’s clarification
Adani Green also gave this information in its stock exchange filing on Wednesday. It added that the US Justice Department’s indictment only charges Azure and CDPQ officials with bribery, not Gautam Adani, Sagar Adani or Vineet Jain, and does not charge bribery or corruption against officials of Adani group companies. Has gone.
What is the whole matter?
Let us tell you that during the hearing in New York Federal Court, Gautam Adani’s company has been accused of defrauding investors in America and paying huge bribes to Indian officials to get solar energy contracts. It is alleged that to get this solar project between 2020 and 2024, Adani Green and Azure Power Global had given bribe of $ 265 million (about Rs 2236 crore) to Indian officials through wrong channels.
Not only this, the bribery case was hidden from the American company i.e. Azure Power Global. This contract was estimated to yield profits of over two billion dollars over 20 years, and loans and bonds were raised under false pretenses to take advantage of it. However, issuing a statement immediately after these allegations, Adani Group completely rejected the allegations of the US investigating agency and said that the allegations are baseless, every decision of the group remains within the ambit of law.
What did Mukul Rohatgi say?
Former Attorney General and senior lawyer Mukul Rohatgi held a press conference on this matter on Wednesday and said that I am not speaking as the spokesperson of Adani Group, but the entire charge includes 5 charges or sections, of which Section 1. And 5. are. Most importantly, both Gautam Adani and his nephew Sagar Adani have not been charged. Mukul Rohatgi further said that neither Gautam Adani nor Sagar Adani has been charged under the FCPA, India’s equivalent of the Prevention of Corruption Act. In the charges framed under Section 5, not these two are named but some foreign persons are named.
Names of foreign persons in the charge sheet
According to senior lawyer Mukul Rohatgi, it will have to be clearly stated in the chargesheet that the person has committed such an act. Adani has been accused of paying bribes to Indian institutions, but the charge sheet does not name a single person, how the bribe was given, or which department it belonged to.
He said that I am sure that Gautam Adani and his company will take legal advice from American lawyers in this regard. Counts 1 and 5 also name several other entities;
“No evidence of bribery”
Senior lawyer Mahesh Jethmalani expressed his opinion on Gautam Adani (Gautam Adani Bribery Case) and said that the charge sheet does not mention any bribery in India. The only allegation is that a bribery conspiracy was hatched. No evidence of violation of law in India has been presented.
Jethmalani further said that neither Gautam Adani nor Adani Greens have been accused in the charge sheet. The whole matter is about issuance of bonds by Adani Green Energy. The alleged violation is that these bonds were issued without informing the holders and this is said to be in violation of the rules in India. Moreover, the issue is that you induced people in India to subscribe to these bonds. But neither Congress nor anyone else has provided any evidence of any violation of Indian law.
