Sagar Adani: Who is Sagar Adani, nephew of big businessman Gautam Adani? Who is accused of plotting fraud?


Posted on 22nd Nov 2024 03:23 pm by rohit kumar

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.

1 Like 0 Dislike
Previous news Next news
Other news

Dharmendra Health Update: After 8 days, a full update on Dharmendra's health has come. Fans will be delighted.

Veteran actor Dharmendra returned home from the hospital on November 12th, after a brief illness.

Salman Khan showed his fierce style amidst receiving death threats, and silenced everyone with his latest post!

'Salman Khan has grown old', 'He needs to focus on his fitness a little'... Those giving such adv

Dispute in Parliament over language dispute, now one word of Dharmendra Pradhan created ruckus; DMK MP gave notice of breach of privilege.

DMK MP Kanimozhi Karunanidhi filed a notice of breach of parliamentary privilege on Monday agains

West Bengal: Suvendu said- If there was no Nandigram movement, Mamata would not have become CM, challenged her to contest from Bhawanipur

Senior BJP leader Suvendu Adhikari launched a scathing attack on West Bengal Chief Minister Mamat

Ghibli Trend: OpenAI changed the rules for Ghibli-style photos, now real-world images cannot be used

These days, Ghibli-style pictures are being seen in abundance on social media. It can be said tha

Mohsin Naqvi apologizes to BCCI, refuses to return the Asia Cup trophy and medal.

PCB Chairman and Pakistan Government Home Minister Mohsin Naqvi apologized to the BCCI at the ACC

Apples, tourism, and now marble... know how friendship with Pakistan is costing Turkey heavily

Turkey, which is helping Pakistan by sending drones, is facing constant anger. Now Udaipur's marb

Police action in Pune communal violence case, FIR against more than 500 people; 17 detained

On Friday, two groups clashed after an alleged objectionable social media post in Yavat village o

The condition of the child injured in the stampede during the screening of Pushpa-2 is critical, doctors put him on ventilator support.

The condition of the child injured in the firing at Hyderabad's Sandhya theatre on December 4 ahe

Maha Kumbh 2025: 'People from every section and every region of society united', PM Modi wrote a blog on the conclusion of Maha Kumbh

Prime Minister Narendra Modi wrote a blog about the Maha Kumbh held in Prayagraj. He termed this

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash