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

Nagpur Violence: 'Nagpur violence was well planned', CM Fadnavis said in the assembly - will not spare the culprits

Regarding Nagpur violence, Maharashtra Chief Minister Devendra Fadnavis has said that it seems th

IND A vs AUS A: India A team will aim to win the ODI series. Abhishek, Tilak, Arshdeep, and Harshit are included in the squad.

Star Indian players Abhishek Sharma, Tilak Verma, Arshdeep, and Harshit Rana will be aiming to se

Mahakumbh Stampede: 'VIP culture should end...' Rahul Gandhi's anger erupts on stampede; Akhilesh Yadav also gets angry at Yogi government

There was a stampede in the Sangam area of ​​Prayagraj on Tuesday night. Many people were inj

Shefali Jariwala Death: Shefali Jariwala's friend revealed the secret of the actress' last moments, said- 'The pulse is still there….'

'Kaanta Laga Girl' Shefali Jariwala died at the age of 42, reportedly due to a heart attack. Howe

IND vs ENG: 'If you are fit then play all the matches', Dilip Vengsarkar targeted Bumrah; also reprimanded Gambhir-Agarkar

Former Indian team captain and former chairman of the selection committee Dilip Vengsarkar has ta

'8 to 10 crore devotees are present in Maha Kumbh, but the situation is under control'; CM Yogi made this appeal to the people.

After the stampede in the Mahakumbh, Uttar Pradesh Chief Minister Yogi Adityanath is constantly t

On Army Day, the Army Chief boosted the morale of the soldiers and said - we are ready to face any challenge.

Army Chief General Upendra Dwivedi has said that the Indian Army has prepared a framework for the

Winter Alert: This winter will be harsh! Temperatures will be lower than normal, and cold waves will increase; the Meteorological Department has issued a warning.

The upcoming winter in India will be more severe than in previous years. According to the latest

BCCI-Dream11: 'Will not be associated with any such organization in the future', BCCI confirmed the breaking of the agreement with Dream-11

The Rs 358 crore sponsorship deal between the Board of Control for Cricket in India (BCCI) and fa

Who will be the new president of the BJP? Amit Shah and Rajnath Singh had a secret meeting with PM Modi.

Before the election of the BJP President, an important meeting was held at his residence under th

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