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Monday, May 26, 2025
The deal was between SECI, and two major players in the field of solar power; Adani Green Energy Limited and Azure Power Global Limited.
Adani and his executives have also been accused of making false and misleading statements to investors and lenders in the United States.
Sagar Adani noted the amount of the bribe he offered, which government official had been offered the money and how much solar power the official's region would buy in return.
The Adani group had been in the process of signing an agreement that would modernise Kenya's main airport in Nairobi.
'I can guarantee that Adani will not be arrested or investigated in India because govt protecting him'.
Adani Enterprises tanks 20% in Indian bourses.
Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts and develop India's largest solar power plant project.
Hindenburg Research indicated that authorities had frozen more than $310 million of the company's funds as part of a money laundering and securities forgery investigation.
The Adani Group operates seven airports in India, including the Thiruvananthapuram International Airport.
The Modi government must immediately seek the resignation of the SEBI chairperson and constitute a JPC in this regard, said Kharge.
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