The cases that have now been merged include the criminal case “US vs Adani and others,” which involves Adani, and two civil cases filed by the Securities and Exchange Commission (SEC). One civil case is “SEC vs Adani and others,” and the other is “SEC vs Cabanes,” which involves other accused parties.
United States: The New York court has combined three ongoing cases against Indian industrialist Gautam Adani and others into a single trial. These cases involve serious accusations that Adani and his associates paid bribes of USD 265 million (around INR 2,029 crore) to win solar energy contracts from state electricity distribution companies.
The court’s decision to merge the cases aims to make the legal process more efficient and avoid scheduling issues. Since the cases are based on similar allegations and transactions, the court believes that bringing them together is a sensible move.
District Judge Nicholas G. Garaufis, who is already handling the criminal case against Adani, will oversee the combined trial. Court officials have been asked to ensure that all the cases are transferred to Judge Garaufis.
The cases that have now been merged include the criminal case “US vs Adani and others,” which involves Adani, and two civil cases filed by the Securities and Exchange Commission (SEC). One civil case is “SEC vs Adani and others,” and the other is “SEC vs Cabanes,” which involves other accused parties.
The court explained that combining the cases will help improve judicial efficiency and avoid any conflicting schedules. It also confirmed that all three cases will now be under the supervision of District Judge Nicholas G. Garaufis, who is currently handling the criminal case against Adani. The court’s administrative staff has been instructed to complete the reassignment of the cases.
Previously, Adani and his associates are accused of paying bribes worth USD 265 million (about INR 2,029 crore) to secure solar energy contracts with state-run electricity distribution companies. Earlier, US prosecutors had claimed that this payment was hidden from US banks and investors who helped fund the Adani Group’s solar projects.
However, the Adani Group has strongly denied these allegations, calling them “baseless.”
A spokesperson for the company stated, “We are a law-abiding organisation, fully compliant with all laws.” The spokesperson added that the indictment is based on charges, and that “the defendants are presumed innocent until proven guilty.”
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