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.
In the first week of Bigg Boss 19, there was a lot of fun in the house. Farhana Bhatt scolded Bas
Iran's parliament has approved the closure of the Strait of Hormuz in protest against the US atta
Companies spend money lavishly to make their brands reach the millions of people who come to take
The team of the electricity department reached the residence of SP MP Ziaur Rahman Bark at Deepa
Tamil superstar and Tamilaga Vetri Kazhagam (TVK) chief Thalapathy Vijay is once again embroiled
Anything can happen in Delhi politics. For the first time in 27 years, Yamunapar's share in the D
The team of Archaeological Survey of India will continue the survey work on the second day as wel
A tragic accident that took place in Vadodara late Thursday night shook the entire country. A spe
Shah Rukh Khan became emotional remembering Dharmendra, saying, 'You are immortal.'
At the age of 89, veteran Hindi cinema actor Dharmendra has passed away. His passing is being con
Chennai Super Kings are in poor form in IPL 2025. CSK has won only two out of 7 matches so far an
