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. 226 crores.
00:24Diggaj businessman 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. 226 crores.
00:34Let's see what the White House has said about the relationship between the two countries.
00:39The White House has said that it is aware of these allegations.
00:42White House Press Secretary Karen Jean-Pierre has said that they have an eye on the matter.
00:48The US Securities and Exchange Commission and the Department of Justice will be able to provide important information on these allegations.
00:55But I will definitely talk about the impact of this matter on the relations between India and the US.
01:01They have said that India and the US have a very strong relationship.
01:06The relations between the people of both countries are linked to our bilateral cooperation.
01:11We will take this issue in the direction of a solution, as we have done in other cases as well.
01:17But only the Securities and Exchange Commission and the Department of Justice will be able to provide any kind of feedback on this matter.
01:24But I would like to say once again that the relations between India and the US are based on a strong bond.
01:31As I told you, Gautam Adani has fallen victim to new allegations.
01:34As I told you, the Indian officers were bribed with a bribe of Rs. 225 crores to acquire solar energy projects in India.
01:42The Adani group had collected funds from American investors for these projects.
01:46This is the reason why the American court has filed a case against them.
01:50The group had an estimated profit of about $2 billion in 20 years from these projects.
01:55The group led by Gautam Adani is managed by Sagar Adani Energy.
02:00The Securities and Exchange Commission in the US accused Gautam Adani and his nephew Sagar Adani of bribing them with a bribe of $265 million on 21 November.
02:14This case was heard in the New York Federal Court.
02:17In addition to this, seven other people had agreed to bribe the Adani Green Energy Company.
02:27The people who have been included in the US investigation along with Sagar Adani are
02:32Vineet Jain, Ranjeet Gupta, Cyrus Cabanis, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal.
02:40The case of bribery with Adani has now reached the White House.
02:46The White House press secretary has said that the Securities and Exchange Commission and the Justice Department of the US will give the same feedback.
02:59But the press secretary has also said that the relations between the two countries are very strong and I will definitely talk about this.
03:06So now let's see what happens next and what is your opinion on this, let us know in the comment box.
03:12And keep watching Good Returns for such updates.
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