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.
After the terrorist attack in Pahalgam on 22 April, India carried out Operation Sindoor and destr
Meghalaya Police had just started solving the Sonam Raghuvanshi case when another murder mystery
Indian Railways has implemented new rules to make online ticket booking more transparent. From Ja
Rohit Sharma: Rohit stopped fans from chanting 'Mumbai cha Raja Rohit Sharma', the video went viral
Indian ODI team captain Rohit Sharma is spending time with his family these days after retiring f
Today, trains will be stopped across Punjab in support of the farmers sitting on dharna at the Sh
Bollywood film 'Udaipur Files' is still stuck in legal complications. The Center has permitted th
President Draupadi Murmu and Prime Minister Narendra Modi on Wednesday greeted Indian Army person
Allahabad High Court has approved the anticipatory bail plea of Sushil Singhania, uncle of
Axiom-4: 'Hello everyone, I am like a child...', Shubhnshu Shukla's first message from space
Indian Air Force pilot and astronaut, 39-year-old Group Captain Shubhanshu Shukla flew on the Axi
Violence against the minority Hindu community continues in Bangladesh. Apart from Muslim fundamen
