New Delhi: Billionaire businessman Gautam Adani is embroiled in a bribery scandal. Gautam Adani has been accused of giving bribe in America. American action on Adani has created a stir not only in India but in the whole world. Many deals of Adani Group are now under investigation. Now the question is, will Adani’s bribery scandal affect the relationship between India and America? After all, what does America think about Gautam Adani’s bribery scandal? The White House itself has made the world aware of its intentions regarding this. The White House says it is aware of the allegations against Adani. Like other issues, India and America will resolve this matter also.
In fact, on the Adani case, the White House said, ‘We are aware of these allegations. For information about the allegations against Adani Group, you will have to contact the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). All we can say about the relationship between India and America is that it rests on a very strong foundation. This foundation has been built on the relationship between the people of the two countries and our cooperation on global issues. We are confident that we will resolve this issue in the same manner as we have resolved other issues. You can get the rest of the information about this case from SEC and DOJ. We would like to say once again that the foundation of the relationship between India and America is very strong.
What is the allegation against Adani?
Now let us know what are the allegations against Gautam Adani? Gautam Adani has been accused in the US of paying a bribe of $ 265 million (about Rs 2,200 crore) to Indian officials in exchange for favorable terms to get solar power contracts in India. India’s second richest man Gautam Adani and his nephew Sagar Adani and seven others are accused of bribing officials of Andhra Pradesh and Odisha to buy expensive solar energy. The interesting thing here is that the case is about bribery in India and the case is in America. The American court has also issued an arrest warrant against Gautam Adani.
Names of officers not disclosed
Gautam Adani has been accused of giving bribe, but the names of the officials have not been disclosed. Adani Group had won the bid to supply 8,000 megawatts (eight gigawatts) of power generated using locally manufactured solar cell and module-based plants in 2021. But Adani Group could not meet the price expectations of the state governments purchasing power. Gautam Adani is accused of having met the then Chief Minister of Andhra Pradesh in 2021. After that the state government had agreed to purchase 7,000 MW electricity. According to the US allegation, Andhra Pradesh officials were given ‘bribes’ at the rate of Rs 25 lakh per MW. This amounts to a total of Rs 1,750 crore ($200 million) for the 7,000 MW power purchased by the state. Odisha had purchased 500 MW electricity in a similar manner.
Tags: Adani Group, Gautam Adani, US News, White house, World news
FIRST PUBLISHED : November 22, 2024, 08:04 IST