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.
The Asia Cup 2025 will start on September 9, and the Indian team has not been announced yet. It i
Prime Minister Narendra Modi presented precious gifts related to India's cultural heritage to the
Maharashtra Navnirman Sena (MNS) on Thursday warned comedian Kapil Sharma not to call Mumbai 'Bom
After the defeat in the Lord's Test, once again the discussions have gained momentum whether fast
Why did Vikrant Massey decide to retire from acting? Finally, the real reason has come out!
'The Sabarmati Report' actor Vikrant Massey shocked everyone by announcing his retirement from fi
The budget of the UP government was presented on Thursday. Finance Minister Suresh Khanna present
West Bengal: 'Situation like Bangladesh in Bengal', BJP attacks Mamata government
The BJP has expressed concern over the deteriorating law and order situation in Bengal. The party
Shiromani Akali Dal chief Sukhbir Badal is serving in Takht Sri Kesgarh Sahib from today. Sukhbir
Donald Trump: 'I don't think we have...'; President Trump said on the post 'lost India to China'
US President Donald Trump on Friday reacted to his post on Truth Social in which he talked about
Veteran actor Dharmendra has been discharged from the hospital. Bobby Deol took him home in an am
