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.
KKR and Punjab Kings had an IPL match on Tuesday, and a video of the same is going viral on socia
Salman Khan again received a death threat, the message read- will blow up the car with a bomb.
Bollywood actor Salman Khan has once again received a death threat. This time a message has been
NDA candidate for the post of Vice President, C.P. Radhakrishnan, has filed his nomination. Prime
Prime Minister Narendra Modi will lay the foundation stone of the Jammu Railway Division and
In the case of the suicide of engineer Atul Subhash in Bangalore, now the clarification of his wi
SP President Akhilesh Yadav said that Samajwadi Party believes in social justice and establishmen
The impact of the intensifying conflict between Israel and Iran in West Asia will not be limited
Palash Muchhal is currently in the news for his personal life. Recently, he was set to marry cric
On one hand, while the Indian senior men's cricket team is playing a five-match Test series again
A day before Dr. Bhimrao Ambedkar's birth anniversary, Union Minister Ashwini Vaishnav on Sunday
