Adani Bribery Case Indian billionaire Gautam Adani was accused of US Corrupt Practices Act (FCPA). Now a big statement has come from the company regarding this. The company called all these allegations baseless and wrong. Regarding this, former Attorney General Mukul Rohatgi, who is the country’s biggest lawyer, held a press conference. Read the full news…
Indian billionaire Gautam Adani was recently charged under the US Corrupt Practices Act (FCPA). After this allegation, the company’s shares also fell sharply. Now the company has issued a big statement regarding these allegations. The company said in its statement that Gautam Adani, his nephew Sagar Adani or Vineet Jain have not been accused of violating the FCPA.
Former Attorney General Mukul Rohatgi also held a press conference regarding this matter. Let us tell you that former Attorney General Mukul Rohatgi is considered the biggest lawyer in the country.
#WATCH | On the allegations against Adani Group in a US Court, former Attorney General and Senior Counsel Mukul Rohatgi says, “…I have gone through this indictment by the US court. My assessment is that there are 5 charges or 5 counts. Neither in count 1 nor in count 5 is Mr.… pic.twitter.com/0rvVWWvq4S
— ANI (@ANI) November 27, 2024
Mukul Rohatgi said that I have assessed this matter and according to me none of these allegations apply to Gautam Adani and his nephew.
What is the whole matter?
Last week, allegations were made against Gautam Adani. Gautam Adani and his company have been accused of defrauding American investors. Apart from this, allegations of bribery have also been made. It is being said that the company has given a bribe of about Rs 2236 crore to Indian officials to get the solar project between 2020 and 2024.
Adani Group Share Status
- After the statement of the company and the lawyer, the shares of all the companies of Adani Group saw a rise.
- The stock of Adani Enterprises is trading at Rs 2,227.85 per share with a gain of 3.60 percent.
- Adani Power is trading at Rs 461.25 per share with a gain of 5.39 percent.
- The stock of Adani Ports and Special Economic Zone Limited is trading at Rs 1,134.45 per share with a gain of Rs 5.60.
- The stock of Adani Gas Limited is trading at Rs 606.80 per share with a gain of 4.72 percent.
