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.
Actor Vicky Kaushal starrer 'Chhaava' is in theatres and is earning a lot even after a month. On
A day after the stampede at New Delhi railway station that claimed 18 lives, tight security has b
Akashdeep Gill, who was arrested from Punjab in connection with the murder of NCP leader Baba Sid
Uttar Pradesh Police has banned the entry of heavy vehicles coming from Bihar from Monday evening
'India-Italy friendship is deep...', what else did Meloni say after meeting PM Modi?
Prime Minister Narendra Modi is on a visit to Canada. Yesterday he participated in the G-7 summit
The weather is about to change in Delhi. Monsoon has surrounded NCR from three sides. There are i
There was a stir in the film circles when the news of the separation of B-town star couple Govind
Indian cricketer Virat Kohli has been a topic of discussion on social media since liking Avneet K
Karnataka Police has filed an FIR against cricketer Virat Kohli's pub, One8 Commune in Bengaluru.
Lok Sabha Speaker Om Birla was enraged by the statement of former Congress President Sonia Gandhi
