00:00Indian businessman Gautam Adani and his company have been accused by Adani Group company, Adani Green Energy.
00:10It has been said that the allegations of bribery are baseless and wrong.
00:16According to the American Corruption Practice Act, there is no truth in the allegations.
00:21Gautam Adani and his nephew Sagar Adani have not been accused of any bribery by the FCP.
00:34Now, one of the biggest lawyers in the country and the formal attorney general Mukul Rohtagi has held a press conference.
00:41It has been said that no allegations have been raised against Gautam Adani in the American investigation.
00:48This information from Adani Green has also been given in the stock exchange filing.
00:53It has been said that Gautam Adani, Sagar Adani and Vinny Jain have not been accused of any bribery.
00:57In fact, the CDPQ and Azure of the American Justice Department have been accused of bribery.
01:05And all the reports accusing Adani Group's officers of bribery or corruption have been wrongly claimed.
01:13Now, let me tell you that during the hearing in the Federal Court of New York,
01:16Gautam Adani's company was accused of bribing Indian officers to get a solar energy contract with investors in the US.
01:26The allegation is that between 2020 and 2024,
01:29to get this solar project done to Adani Green and Azure Power Global,
01:33the Indian officers were bribed to pay $265 million, which is about Rs. 2236 crores.
01:42Not only this, the bribery was hidden from the American company, i.e. Azure Power Global.
01:46And in 20 years, more than $2 billion was estimated to have been earned through this contract.
01:52And loans and bonds were collected while making false claims to make a profit.
01:58However, after these allegations, the Adani Group, which issued a statement,
02:01has called all the allegations of the American Investigation Department baseless.
02:06And the group has said that it takes every decision within the scope of the law.
02:10Now, regarding this matter, the former Attorney General and the senior lawyer Mukul Rotgi said in a press conference
02:18that I am not speaking as the speaker of the Adani Group,
02:21but there are 5 allegations or sections in this whole matter.
02:26Section 1 and 5 are the most important.
02:30In both, Gautam Adani and his nephew Sagar Adani have not been accused.
02:34Mukul Rotgi further said that Gautam Adani and Sagar Adani have not been accused under the FCPA,
02:40which is like India's Prevention of Corruption Act.
02:43Now, the allegations filed under Section 5 do not include both, but only a few foreign investors.
02:50In addition to this, on the issue of allegations of bribery against Gautam Adani,
02:54senior lawyer Mahesh Jetmalani gave his opinion and said that
02:58no bribery has been talked about in India and the only allegation is that a bribery conspiracy was created.
03:05No evidence of violation of law has been presented in India.
03:09So, all the allegations have been made baseless on this Adani Group and Gautam Adani.
03:14And a good justification for this has also been given.
03:17So what is your opinion on this, tell us in the comment box and keep watching Good Returns for such updates.
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