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.
A big update is coming out on the Atul Subhash suicide case. In the case, Akash Jindal, the lawye
Following the Test series defeat against South Africa, head coach Gautam Gambhir is facing critic
The Supreme Court on Thursday reserved its decision on a case related to stray dogs in Delhi-Nati
AUS vs IND: Australia announces ODI and T20I squads, India's biggest enemy returns
Australia's ODI and T20I squads have been announced for the upcoming series against India. Marnus
Prime Minister Narendra Modi has spoken to Donald Trump who returned to America leaving the G7 su
CBI raids AAP leader Durgesh Pathak's house, Atishi says- We are not afraid of BJP's threats
The CBI team raided the house of Aam Aadmi Party leader and Gujarat co-in-charge Durgesh Pathak o
Uttarakhand has become the first state in the country to implement the Uniform Civil Code i.e. UC
India suffered a crushing defeat under the captaincy of Rohit Sharma. Under his leadership, Team
The Supreme Court on Monday raised the question of how can chanting 'Jai Shri Ram' be a crime. A
KIIT Row: Action in the suicide case of Nepali student, high-level committee summoned KIIT founder
The investigation into the alleged suicide of the female student in the hostel and the subsequent
