Famous business tycoon Gautam Adani is now in big trouble. Do you know why? then this article is for you. Adani Group Chairman Gautam Adani has been accused of paying a huge bribe of $ 250 million (about Rs 1750 crore) to Indian officials in the US. There are allegations that he paid bribes to win contracts for India’s biggest solar power project. After this allegation, there has been a storm in India’s politics. The opposition Congress party is the aggressor.
Gautam Adani has been charged with corruption and fraud!
There is every possibility of a ruckus on this issue in the Parliament session. Gautam Adani has been charged with corruption and fraud. It is alleged that Adani bribed Indian officials with more than $250 million to win $2 billion worth of solar contracts over two decades. Gautam Adani is currently in India. The US investigative agency can request his extradition. However, the court in India will decide whether these charges apply according to Indian law.
In addition, political and human rights concerns will be assessed. Adani may oppose extradition. This can delay the entire process. Gautam Adani has not yet responded to any of the allegations. He has not yet appeared in any US court. If they are extradited or surrender, their lawyers can challenge the charges.
The case in court is unlikely to start anytime soon. Legal procedures, arguments over evidence, and separate trials for other accused involved with Adani could prolong the process. News agency Reuters has given this information. If convicted, Adani could face up to five years in prison for taking bribes. The charges of fraud and conspiracy carry a sentence of up to 20 years. Moreover, they can also be fined heavily. The determination of any sentence will ultimately depend on the judge who is handling the case. This information is given by Reuters. Adani’s legal team can appeal against any conviction, prolonging the legal battle. The Adani Group has denied the allegations, terming them baseless. They claim to follow the laws.
