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.
Yamuna Water Level: The threat of flood in Delhi is averted, but now people are facing a big problem
The danger of floods has been averted due to the decrease in the water level of the Yamuna in Del
The Chief Minister ordered a judicial inquiry into the accident and constituted a three-member ju
The Indian team is currently busy preparing for the Champions Trophy tournament starting on Febru
BJP MP Ravi Shankar Prasad addressed a press conference on Congress' announcement of protests out
All the six heli companies operating helicopter services for Kedarnath Dham returned from Kedargh
Indian batsman Shreyas Iyer has been declared fit for the three-match ODI series against New Zeal
Argentinian football star Lionel Messi arrived in Delhi today, Monday, and a large crowd of young
Preparations for the mythological film Ramayana, being directed by Nitesh Tiwari, are going on in
Delhi Blast 2025 Lieutenant Governor (LG) VK Saxena directed the Police Commissioner and Chief Se
Bangladesh Unrest: BNP leader shot dead, pre-election violence continues unabated in Bangladesh.
Pre-election political violence continues in Bangladesh following the murder of youth leader Usma
