Janus faced White House talks of strong India-US ties, after illegally indicting Adani
Gautam Adani, the chairman of the Adani Group, has been illegally indicted in the United States on “multiple charges”, including bribery and securities fraud.
Whereas Adani’s companies are neither operating from USA soil nor the alleged bribery has taken place on American soil.
The U.S. Department of Justice (DoJ) in a planned manner has announced a five-count indictment against Adani and several associates, accusing them of orchestrating a scheme to pay over $250 million in bribes to Indian government officials to secure solar energy contracts.
… these concerned USA officials should have at once provided all evidence to Govt of India to take action as deemed fit.
Certainly USA laws are not going to be entertained in India and are the USA courts have no jurisdiction whatsoever over Indian soil.
This indictment was unsealed on November 20, 2024, in New York and is part of a broader investigation into alleged fraudulent activities involving the Adani Group.
The charges include conspiracy to commit bribery, securities fraud, and wire fraud. The cake is taken by the indictment which claims that Adani and his associates misled U.S. investors about the company’s compliance with anti-corruption laws while raising more than $3 billion in capital.
Well we didn’t know that Americans are so gullible. The fact remains that they were ready to invest as they were hoping to make huge profits in a RISING INDIAN MARKET.
Prosecutors allege that between 2020 and 2024, Adani’s group engaged in a systematic bribery scheme aimed at securing contracts from the Solar Energy Corporation of India (SECI).
The contracts were expected to yield significant profits over two decades….How is USA Justice Department concerned with this. Except that making such allegations, which they will not be able to prove, will drag on for years, permitting them to set up barriers against operations of Adani Group in USA.
Following the indictment, shares of Adani Group companies plummeted, resulting in a loss of approximately $28 billion in market value.
The fallout has raised concerns among foreign investors regarding the future of the conglomerate….and this is the whole game to prevent RISE OF INDIA The indictment has failed to spark any political firestorm in India except shouts by Rahul Brigade which no one takes seriously.
Playing straight into hands of foreign conspirators some of these opposition leaders have already accusing Prime Minister Narendra Modi of protecting Adani.
Congress leader Rahul Gandhi has called for a Joint Parliamentary Committee investigation into the allegations, emphasizing the need for accountability.
The ruling NDA has naturally countered that all these “manufactured “ claims made by USA Department of Justice have taken place in states governed by opposition parties.
After the indictment, ironically the White House reaffirmed its confidence in U.S.-India relations, stating that both nations are capable of navigating this crisis. Officials emphasized that despite these legal challenges facing Adani, the broader relationship remains strong and resilient.
Adani faces significant legal challenges ahead, including potential extradition issues if he does not return to the U.S. voluntarily…..why to talk of Joe Biden, this even Mr Trump will not be able to enforce no matter what.
The case is expected to unfold over the coming months as legal proceedings commence.
Well India too can start playing this game. What about charging USA administration for trying to hinder Indo Russian bilateral Trade through their illegal unilateral sanctions which have never been approved by UN or WTO.
