Gautam Adani has once again become a political issue. Rahul Gandhi once again took Gautam Adani’s name to attack Prime Minister Narendra Modi. This time Rahul Gandhi defended Gautam Adani’s charges in a US court. The FBI has alleged in a U.S. court that Gautam Adani tried to bribe state government officials from a U.S. company to obtain a solar power distribution contract in India. Bribes worth over Rs 2,000 crore were paid to officials in Chhattisgarh, Andhra Pradesh, Tamil Nadu and Odisha.
The FBI alleges that Gautam Adani obtained funds from Americans through bonds but hid the bribes from investors. A federal court deemed this a fraud on investors and ordered an investigation. On this basis, a criminal case will be filed against seven persons including Gautam Adani, his nephew Sagar Adani and company director Vineet Jain . This happened late at night in the United States, and before sunrise in the morning, opposition leaders came to life. Rahul Gandhi attacks Narendra Modi by taking ration water. Since then, Akhilesh Yadav, Sanjay Raut, Farooq Abdullah and many other leaders have attacked the Modi government.
Rahul Gandhi said that he can give a written assurance that Gautam Adani will not be arrested as Adani is a source of funds for the BJP and Narendra Modi is in the hands of Adani. The FBI has alleged in a New York federal court that Gautam Adani and company officials paid bribes worth Rs 2,029 crore to government officials between 2020 and 2024 to build solar power plants and sell them A contract for the electricity generated by a power plant. . The FBI alleges that Gautam Adani received approximately Rs 25,000 from US investors but did not inform the investors about the bribes. Therefore, this case constitutes a crime of fraud.
The FBI claimed in court that Adani paid bribes to Indian officials to obtain the contract; the Adani Group will earn approximately 1.7 billion rupees in profits from the contract over the next 20 years. Since then, the SEC has also filed a civil lawsuit against Gautam Adani, his nephew Sagar Adani and Cyril Kabanes. The United States brought charges against Adani. The first impact is on the stock market. Adani Group’s share price fell by 10% to 20%, causing investors to lose about Rs 250 crore.
The second impact was the withdrawal of a $600 million bond issued by Adani Green to raise funds for the U.S. stock market. Adani Group said in a statement that all allegations against the group are false and baseless. The statement said that Adani Group complies with the law and will respond to the allegations made in accordance with the law.
There are two sides to Adani’s case. One is politics and the other is finance. Rahul Gandhi has been using Gautam Adani as a weapon against Narendra Modi for the past decade. Adani is the excuse and Modi is the target, but Rahul has not had much success in this regard. Even today, there is no BJP government in any state where officials have been accused of bribery. No link to Modi was found in it. That’s why Modi’s image was not tarnished but those who invested in Adani shares in the stock market suffered huge losses.
This is also a pattern. The case comes as Adani’s $600 million bonds are listed on the U.S. market. After the news broke, Adani had to withdraw its bonds. Adani’s share price fell sharply in the market. Last time the Hindenburg Report was published, Adani was about to bring in an FPO worth Rs 20,000. He also suffered losses in the stock market at the time. So is this just a coincidence? When the last Hindenburg report came. At that time, the parliamentary session was about to begin, and the entire meeting caused an uproar due to Hindenburg’s report.
This time, when news of the charge sheet against Adani came from the United States, three days later the winter session of Parliament was about to begin, and today Rahul Gandhi announced that the opposition will besieging the government over the Adani issue, which means there will be another It caused an uproar in Parliament. Is this also a coincidence? Or is this a deliberate experiment? (Rajat Sharma)
Watch: ‘Aaj Ki Baat, Rajat Sharma Sath’ full episode, November 21, 2024
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