The Adani Group Energy Limited denied bribery allegations from U.S. authorities against Gautam Adani and associates. Rahul Gandhi criticized the government for allegedly protecting Adani, asserting that he should be arrested despite his denial of charges. AGEL clarified there were no violations of the U.S. Foreign Corrupt Practices Act.
Today, On 27th November, Senior Advocate Mahesh Jethmalani defended the Adani Group against U.S. court allegations, labeling them “sketchy” and questioning their timing before the parliamentary session. He stated there is no evidence linking Gautam Adani or executives to wrongdoing, criticizing Congress for politicizing the issue without substantiating claims of bribery or legal violations.
Today, On 27th November, Senior Advocate Mukul Rohatgi addressed allegations against the Adani Group, including Gautam Adani, regarding a supposed Rs. 265 million bribery scheme for solar contracts. Rohatgi refuted the charges, emphasizing a lack of specific evidence in the indictment and asserting that none of the Adani executives were directly implicated. The group continues to deny the allegations.
![[Adani-Hindenburg Row] New Plea in SC Demanding Disclosure of Sebi's Final Findings in Adani's Case](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-183.png?resize=447%2C367&ssl=1)
The Supreme Court of India upheld SEBI’s investigation into Hindenburg’s allegations against the Adani Group, affirming its integrity and scope. The court, led by Chief Justice D.Y. Chandrachud, rejected a plea to exclude SEBI from the probe into alleged share price manipulation and financial irregularities.
Mahesh Jethmalani called for an investigation into alleged Chinese influence behind the Hindenburg report targeting the Adani Group. He urged the government to probe political figures criticizing Adani, suggesting Chinese retaliation for losing infrastructure projects. This revelation intensified the ongoing controversy surrounding the Adani-Hindenburg saga.
The Supreme Court of India has refused to review its decision on transferring the Adani Group stock price manipulation investigation despite a plea filed by a PIL petitioner. The court upheld its confidence in the initial judgment and SEBI’s ongoing investigation. The case involves accusations of fraudulent activities and market manipulation by the Adani Group.
The Gujarat High Court was informed on Friday that the state plans to reclaim about 108 hectares of grazing land from Adani Ports and SEZ Ltd, allocated in 2005. Villagers had contested the allocation, arguing that it left them with insufficient grazing land. The state has committed to replenishing 129 hectares of land for the village’s use.
![[BREAKING] Plea Against PM Modi, Rahul Gandhi Over 'Defamatory' Remarks On Adani Group Filed In Delhi Court](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/05/image-48.png?resize=447%2C367&ssl=1)
A petition filed in a Delhi court seeking to restrain Prime Minister Narendra Modi and Rahul Gandhi for making false, fabricated and misleading speeches and levelling allegations againt Adani group. The petitioner has cited speeches by Rahul Gandhi and PM Modi in poll rallies and sought permanent injunction to prevent them from making defamatory statements that could harm Adani Group’s market value.
A trial court in Raipur has approved the closure report in the case of disproportionate assets involving former principal secretary Aman Singh and his wife Yasmin. The ruling signifies a significant development, clearing the couple of all charges. The case, dating back to the previous Congress government, has been dismissed due to lack of evidence.
