Adani group, an Evil corp?

NEW YORK, Nov 20 (Reuters) - Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. prosecutors said on Wednesday.
Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Prosecutors also said the Adanis and another executive at Adani Green Energy, former CEO Vneet Jaain, raised more than $3 billion in loans and bonds by hiding their corruption from lenders and investors.
According to an indictment, some conspirators referred privately to Gautam Adani with the code names "Numero uno" and "the big man," while Sagar Adani allegedly used his cellphone to track specifics about the bribes.

Adani Group did not immediately respond to requests for comment outside business hours in India, where the charges were announced early Thursday morning.
India's embassy in Washington did not immediately respond to requests for comment. Lawyers for the defendants could not immediately be identified.
Gautam Adani, Sagar Adani and Jaain were charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy, and the Adanis were also charged in a U.S. Securities and Exchange Commission civil case.

The other five defendants were charged with conspiring to violate the Foreign Corrupt Practices Act, a U.S. anti-bribery law, and four were charged with conspiring to obstruct justice.
None of the defendants is in custody, a spokesperson for U.S. Attorney Breon Peace in Brooklyn said. Gautam Adani is believed to be in India.
Click to expand...

 
Afxal said:
DoJ has a 95% conviction rate. Bad times ahead for Adani.
Biden, looking to stir some up before leaving the White House.
Click to expand...

Guilty acceptance pleas are quite high in US, so numbers look a bit fuzzy. Having said that, this is huge, and out in the open now. Will not be as easy as dissing Hindenberg etc. Let's see how SEBI helps Adani with this one. Khud Modiji ko aana padega.
 
alekhkhanna said:
Guilty acceptance pleas are quite high in US, so numbers look a bit fuzzy. Having said that, this is huge, and out in the open now. Will not be as easy as dissing Hindenberg etc. Let's see how SEBI helps Adani with this one. Khud Modiji ko aana padega.
Click to expand...
Maybe his friend Doland can help. But still it's 2 months left in his coronation.
 
meh, DOJ should first deal with the rapist/pedophile/traitor they elected as POTUS, that being said, nothing is gonna happen, its either Adani being extorted out of money or sidearming him in some business deals, nothing actually would be done, Trump would just waive it away.

if Elon Chan can get away with blatant voter tampering and bribing and the less said of other corpos the better, then nothing will come out of it
 
Afxal said:
Maybe his friend Doland can help.
Click to expand...
He will try to make a deal out of that, isn't that his art ? He should be smirking inside now, seeing the opportunity.
Afxal said:
Biden, looking to stir some up before leaving the White House.
Click to expand...
Only to transfer that stick to DTrump.
psyph3r said:
and the conspiracy theories have started already :facepalm:
Click to expand...
Auckland 'referendum' on Khalistan attracts thousands
Why not...

The reality is that current powers in our country with their ultimate wisdom decided to write off the entire country and it's global credibility to very few those who are in cahoots with them. They should've offloaded the risks by diversifying their 'portfolios', but no, they are not into that, they are into dry and wry nepotism while keeping the country's conscience burned up in useless topics like huge statues, falling bridges, useless language religio-caste-regional divisions, whatnot. So, here we are and it's not going to end here.
 
Last edited:
psyph3r said:
and the conspiracy theories have started already :facepalm:
Click to expand...
It's incredibly naive to take things at face value.
TEUser2K1 said:
The reality is that current powers in our country with their ultimate wisdom decided to write off the entire country and it's global credibility to very few those who are in cahoots with them. They should've offloaded the risks by diversifying their 'portfolios', but no, they are not into that, they are into dry and wry nepotism while keeping the country's conscience burned up in useless topics like huge statues, falling bridges, useless language religio-caste-regional divisions, whatnot. So, here we are and it's not going to end here.
Click to expand...
What makes you say this?
 
Back
Top