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

'China has occupied Indian land, how do you know?'; Supreme Court's harsh comment on Rahul Gandhi

The Supreme Court has strongly reprimanded the Leader of the Opposition, Rahul Gandhi, for commen

'Impose President's rule in Bengal...', Mithun Chakraborty opened the front against Mamata; and demanded the Centre to send an army.

The situation in West Bengal has gone out of control since the passing of the Waqf Amendment Act.

'Ban on Roza, Namaaz, Haj and Zakat...', Arshad Madani furious at PM Modi's statement on Waqf

Jamiat-Ulema-e-Hind (AM) President Maulana Arshad Madani got angry over Prime Minister Narendra M

Rajeshwari Maa from Japan reached Maha Kumbh, treats with yoga and sound therapy; and has received the title of Mahamandeshwar.

Maha Kumbh, the great festival that connects faith and religion, is also a festival of the union

Uttarkashi Cloudburst: Kheer Ganga has returned to its old place, scientists clarified based on satellite images

In the pain of Dharali, we can see man's big mistake in not understanding nature. Of course, the

'This is a violation of fundamental rights', Hindu organization reaches SC challenging the Places of Worship Act, 1991

The All India Sant Samiti has also reached the Supreme Court against the Places of Worship Act. T

PM Modi: 'Times have changed, now terrorists are afraid even in their homes', Prime Minister Modi taunts the opposition

Prime Minister Narendra Modi has cornered the opposition on the issue of terrorism and said that

How is the amendment in the Waqf Bill beneficial for Muslims? Minority Minister Kiren Rijiju answered every question.

Union Minister for Minority Affairs Kiren Rijiju said that the purpose of passing the Waqf Amendm

Jyoti Malhotra: Another revelation... Jyoti met the young man who brought a cake to the embassy after the Pahalgam attack in Pakistan.

With the emergence of another video related to YouTuber Jyoti Malhotra, who was caught on charges

CNG Auto Ban: Will CNG autos not run on Delhi roads? What is the plan in the draft of EV Policy 2.0

CNG-powered auto rickshaws may soon disappear from Delhi roads. The draft of the Delhi government

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