All posts tagged: alleged bribery

Adani indicted | Opposition seeks probe into US charges: ‘Vindicates Congress’s demand’ | Latest News India

Adani indicted | Opposition seeks probe into US charges: ‘Vindicates Congress’s demand’ | Latest News India

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group. Indian billionaire Gautam Adani speaks(REUTERS/Amit Dave/File Photo) Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits. Congress demands JPC probe Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws. ALSO READ- At 65.2%, Maharashtra records highest voter turnout since 1995 assembly election Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for …