Gautam Adani, nephew Sagar not charged with bribery, but with fraud: Adani Green
New Delhi: Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.
Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the US Department of Justice with being part of an alleged scheme to pay USD 265 million in bribes to Indian officials to win contracts for supply of solar electricity that would yield USD 2 billion profit over a 20-year period.
In a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations "are incorrect".
They have been charged with offences that are punishable with a monetary fine or penalty.
"Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ or civil complaint of the US SEC.
"These directors have been charged on three counts in the criminal indictment, namely (i) alleged securities fraud conspiracy, (ii) alleged wire fraud conspiracy, and (iii) alleged securities fraud," the filing said.
The Adani Group has denied all allegations and said it will take all possible legal recourse to defend itself.
A criminal indictment has been filed before the United States District Court Eastern District of New York by the Department of Justice in the case of USA against Gautam Adani, Sagar Adani and Vneet Jaain.
"The indictment does not specify any quantum of any fine/penalty," the company said.
The civil complaint alleges that the executives violated certain sections of the Securities Act of 1933 and the Securities Act of 1934, and aided and abetted Adani Green Energy Limited's violation of the Acts, it said.
"Although the complaint prays for an order directing the defendants to pay civil monetary penalties, it does not quantify the amount of penalty," it said.
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Sambhal violence: Protesters to pay for damage to property, posters of 'stone pelters' to be put up
Lucknow (PTI): The Uttar Pradesh government will make protesters involved in the Sambhal violence pay for damage to public property while posters of "stone pelters" will be displayed at public places, an official said on Wednesday.
Four people died and scores, including police personnel, were injured in Sambhal on Sunday after a confrontation erupted over a court-ordered survey of the city's Shahi Jama Masjid in Kot Garvi area, following a petition claiming that a Harihar temple once stood at the site.
"The UP government is adopting a firm stance against the individuals involved in the Sambhal violence. Posters of the stone pelters and miscreants will be displayed publicly, and recovery of damages will be sought. A reward may also be announced for information leading to their arrest," an official spokesperson said.
In a similar initiative, the government had previously put up posters of individuals linked to vandalism during the anti-CAA protests in 2020. These posters were displayed across several locations, including the state capital, but were later removed following a court order.
The violence in Sambhal erupted on Sunday when a large crowd gathered near a mosque and began chanting slogans as a survey team resumed its work. The situation escalated when the protesters clashed with security personnel, set vehicles on fire, and pelted stones.
So far, police have arrested 25 individuals and registered seven FIRs, which include charges against Zia-ur-Rehman Barq, the Samajwadi Party MP from Sambhal, Sohail Iqbal, son of the party's local MLA Iqbal Mehmood, and over 2,750 unidentified suspects.
A magisterial probe is underway, and Superintendent of Police Krishna Kumar Vishnoi stated on Monday that the situation was now under control. He assured that "strict action will be taken against those responsible for the unrest."
