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.
Saiyaara: Karan Johar praised 'Saiyaara', gave a befitting reply to the troll when he was trolled
Ahan Pandey and Anit Padda's film Saiyaara is getting praise from all sides. The film has impress
Amid the controversy over the Tamil language, Puducherry Chief Minister N Rangasamy has issued an
The atmosphere on the TV reality show "Bigg Boss 19" was quite heated this week. While the politi
Starlink: Ashwini Vaishnav first welcomed the entry of Starlink in India, later deleted the post
Recently, Jio and Airtel have partnered with Elon Musk's company SpaceX for Starlink satellite se
We had come to see our stars. We had bought tickets for the ceremony but could not enter the stad
A tragic accident that took place in Vadodara late Thursday night shook the entire country. A spe
On Wednesday, Pakistan Prime Minister Shehbaz Sharif reiterated that he is ready to hold talks wi
Indian cricketer Shreyas Iyer will be out of action for approximately two months. He suffered a s
Maharashtra Chief Minister Devendra Fadnavis on Thursday said that if a person of any religion ot
Does the Bangladesh government have a problem with Hindus or ISKCON, what is the matter?
The issue of the arrest of Chinmay Prabhu, associated with ISKCON in Bangladesh, has become so bi
