Indictment of Indian tycoon Gautam Adani will lead to massive India USA rift
Adani Group has been accused by USA Justice Department of using corruption to secure massive energy deals, undermining investor trust and market integrity.
Gautam Adani, one of the world’s wealthiest individuals and a leading figure in Indian business, has been indicted in the United States on charges of fraud and conspiracy on Wednesday.
The US Department of Justice accuses Adani, along with senior executives of the Adani Group, of orchestrating a INR 2125 Crore (USA $250 million ) bribery scheme to secure contracts for his renewable energy company, Adani Green Energy Limited in India.
Both Biden and the USA Justice Department have either turned senile or playing into hands of American Deep State.Firstly no act of “ bribery “ has taken place on American soil. Even the allegation of bribery pertains to State Government officials in India.
So what’s causing the Americans so much itching even if for a moment, we accept that Adani has bribed Indian Companies?
Secondly their Prosecutors claim that Adani’s scheme was concealed from US investors, who poured billions of dollars into the company over five years.
This is simply laughable, at the least. Why have the Know All American investors fallen for the scheme –simple GREED of making money in te markets if a RISING INDIA.
The laughable indictment, unsealed in a New York federal court on Wednesday, alleges that Adani and his co-defendants paid or planned to pay INR 2250 Crore in bribes to Indian officials to secure contracts expected to yield over INR 17000 Crores in profits over two decades….So the great Justice Department can even read minds that they talk of “ planned bribery “!!
Adani and his associates are accused of presenting the solar energy project as legitimate while secretly engaging in corruption to win government contracts and financing….. how have they unearthed this information ? should not Govt of India indict FBI for illegally operating in India ?
Deputy Assistant Attorney General Lisa Miller described the actions as a ploy to “obtain and finance massive state energy supply contracts through corruption and fraud at the expense of US investors……what kind of nonsense are they spewing.
Why not indict USA companies operating in India for making huge profits at the cost of poor Indians????“US Attorney Breon Peace labelled it “an elaborate scheme” that undermined the integrity of financial markets.
In addition to the criminal charges, the US Securities and Exchange Commission (SEC) has filed a civil lawsuit, accusing Adani and two co-defendants of violating anti fraud provisions of US securities laws.
The SEC seeks financial penalties and other sanctions. The named co-defendants include Sagar Adani, the executive director of Adani Green Energy’s board and Gautam Adani’s nephew, as well as Vineet Jaain, the company’s former CEO and current managing director.
Legal representatives for the accused have not issued public statements, and requests for comment from the Adani Group have gone unanswered.
Adani’s business empire spans ports, airports, and renewable energy, with a clean energy portfolio of over 20 gigawatts, including one of the world’s largest solar plants in Tamil Nadu.
The company has pledged INR 595000 Crores in renewable energy investments by 2032.However, the group has faced past allegations of malpractice by American entity only.In 2022, a US-based financial research firm accused it of stock manipulation and accounting fraud, claims which the Adani Group dismissed as “baseless and discredited.“
The allegations raise concerns over corporate governance and transparency within the Adani Group, a conglomerate integral to India’s infrastructure and economy.
The charges also highlight potential risks to US investors engaged in international markets. This legal battle comes as Adani’s companies navigate growing scrutiny over their business practices, posing significant challenges for the billionaire and his sprawling conglomerate.
USA Government knows quite well that NONE of American Laws are applicable on Indian soil and the stupid charges made by the USA justice department can never be proved.
Adani should just refuse to send any Attorney, legal representative or individual to attend the USA court and all Indians must provide full support to fight this deep American conspiracy.
In case required reciprocal cases should be filed in Indian courts against all USA entities involved in this conspiracy.
A major can also be made out against USA Government over causing disruption to Indo Russian bilateral trade through their illegal SANCTIONS.
The sanctions are against all WTO norms and non approved by UN. USA Govt must be sued for around 100 billion US dollars !!!!
