00:00Adani Group's chairman and Indian businessman Gautam Adani has been hit hard by the US.
00:10He has been accused of bribing Adani Green Energy Ltd. in the US with a contract worth $265 million for solar energy projects worth around Rs 2,236 crores.
00:24The US prosecutors have claimed that the company's other senior officers agreed to pay the Indian officers.
00:34Now, the name of Sagar Adani has also come to light.
00:38So, who is Sagar Adani?
00:39And what is Sagar Adani's relationship with Adani Group and Gautam Adani?
00:44Let me tell you in detail in this video.
00:47Sagar Adani
00:48Sagar Adani is the nephew of Adani Group's chairman Gautam Adani.
00:51He is the Executive Director of Adani Green Energy Ltd. in the US.
00:58Sagar Adani joined the group in 2015 after completing his studies in the US.
01:03He graduated from Brown University of the US in Economics.
01:08And now, along with billionaire Gautam Adani, his nephew Sagar's name is also at the center of the US investigation.
01:15Let me tell you that Sagar Adani runs the energy business under the leadership of Gautam Adani.
01:21In the US, the Security and Exchange Commission accused Gautam Adani and his nephew Sagar Adani of bribery on 21st November.
01:34This case has been heard in the New York Federal Court.
01:38In addition to this, seven other people have also agreed to bribe the Adani Green Energy Company.
01:47In this case, the people who have been included in the US investigation along with Sagar Adani are
01:53Vineet Jain, Ranjeet Gupta, Cyril Cabanis, Sourav Agrawal, Deepak Malhotra and Rupesh Agrawal.
02:02Now, after this news came from the US, there was a big drop in the shares of Adani Group listed in the share market.
02:09Adani Enterprises, Adani Energy Solutions, Adani Green Energy shares fell by 20%.
02:16At the same time, Adani Total Gas, Adani Power, Adani Ports, Ambuja Cements, ACC Shares, NDTV Shares, Adani Wilmer also fell by 10-15%.
02:29Due to this drop in the shares, Adani Group incurred a loss of Rs. 2,60,000 crores.
02:36The accusations made by the US Justice Department and SEC against the directors of Adani Group's Chairman Gautam Adani and his company Adani Green Energy
02:46have also been cleared by Adani Group.
02:50In which, all these allegations have been removed from the list by Adani Group.
02:57So, what is your opinion on this news?
03:00And what do you think about Sagar Adani?
03:03Give us your opinion in the comment box.
03:05And for such updates, keep watching Good Returns.
03:08Don't forget to like and subscribe to our channel.
Comments