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.
Filmmaker Ram Gopal Varma has once again come out in support of Telugu star Allu Arjun. He recent
The Maharashtra government has approached the Supreme Court in the case of the 2006 horrific trai
There is news of an attack on Delhi Chief Minister Rekha Gupta. This incident took place in the D
Union Education Minister Dharmendra Pradhan on Tuesday accused the Tamil Nadu government of takin
Shah Rukh Khan has received the National Film Award for the film 'Jawaan'. This is the first time
A tragic incident occurred in Piplodi village of Jhalawar district of Rajasthan on Friday morning
Only 14 contestants remain in the controversial reality show Bigg Boss Season 19. Zeeshan Quadri
For a hero, not only do excellent acting skills matter, but also their physical appearance. But w
Home Minister Amit Shah will inaugurate the Archaeological Experiential Museum in PM's hometown V
Established in 1875 during the British period, the Indian Meteorological Department (IMD) is goin
