
After the US accused the Adani Group, one name is being discussed in full swing. That name is Gautam Adani's nephew Sagar Adani. Several allegations of fraud have been leveled against Adani, one of the richest people in the world, and seven other defendants. Sagar is also included in this. Officials claimed that these seven people, including Gautam Adani, had paid a bribe of about $ 265 million to get this project. However, the Adani Group has rejected these allegations.
Who is Sagar Adani?
Sagar Adani is the son of Gautam Adani's brother Rajesh Adani.
He is one of the founder members of the Adani Group.
Sagar Adani is the executive director at Green Energy, where his father also holds the post of director.
He joined the Adani Group in 2015 after taking a degree in economics from Brown University in the US.
He is credited with advancing the cellar and wind energy portfolio of Adani Green Energy.
According to the company's website, Sagar looks after the strategic, financial, and structural development of the Adani Group.
According to a Bloomberg report, Sagar is one of the four potential successors of Gautam Adani's business. Sagar is accompanied by his sons Karan and Jeet Adani, as well as his cousin Pranav Adani.
What is the allegation against Sagar?
The US Justice Department claimed in a New York court that veteran businessman Gautam Adani and other associates conspired to defraud investors for their benefit. Also, the accused conspired to bribe Indian government officials to obtain contracts worth trillions of rupees. However, the indictment clearly states that these are allegations and the accused will be considered innocent until proven guilty. According to court records, some of the people involved in the conspiracy used to privately call Gautam Adani by the code name Numero Uno i.e. Number One and The Big Man.
Gautam Adani and his nephew Sagar are accused of concocting a scheme to secure a solar power project in India and misleading investors during a $750 million bond offering that raised about $175 million from US investors, according to a report.
'His place is in Tihar jail', CM Saini attacked Kejriwal; called him a black spot for Haryana.
Haryana Chief Minister Nayab Singh Saini on Sunday fiercely targeted former Delhi Chief Minister
The 18th season of IPL has not been anything special for five-time champion Chennai Super Kings (
40 schools, including many big schools in the capital Delhi, have received bomb threats. DPS RK P
Maratha Protest: From hunger strike to court order, the crowd did not go out of control due to police restraint; finally, the movement ended
Activist Manoj Jarange had reached Mumbai with thousands of supporters to demand Maratha reservati
A new revelation has been made in the case of the murder of a level female tennis player, Radhika
Andhra Pradesh Chief Minister N. Chandrababu Naidu openly praised PM Modi in the case of Operatio
Describing the capital's rising air pollution as a medical emergency, experts from the All India
On Thursday morning at around 11.30 am, a female tennis player was shot dead by her father with t
Congress MP Priyanka Gandhi has responded to the Supreme Court's remarks. Defending Rahul Gandhi,
The central government is now considering bringing a new rule to reduce electricity consumption i