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 major order by the Supreme Court before Diwali, green firecrackers allowed in Delhi-NCR
Ahead of Diwali, the Supreme Court issued a significant order regarding green firecrackers in Del
A shooting occurred just a short distance from the residence of President Donald Trump, the world
The Congress party will hold press conferences in 57 cities across the country between April 21 a
After the terrorist attack in Pahalgam in South Kashmir, many major decisions have been taken in
Palam 360 Khap met Union Home Minister Amit Shah on Sunday and announced support for BJP in the a
Ind vs Pak: Setback for PCB, ICC rejects demand to remove match referee; What will Pakistan do now?
The ICC has formally rejected the demand of the Pakistan Cricket Board (PCB) regarding the 'no ha
A press conference was held today in Patna by the Union Home Ministry. Union Home Minister Amit S
Weeks after Ranveer Singh apologized for mimicking the deities at an event, Kantara director-acto
The debate in the country has not ended since the reaction of L&T Chairman SN Subramanian on
After brutally killing his mother and four sisters in the Sharanjit Hotel of Charbagh, Arshad did
