New application filed in SC against Adani group over US indictment
New Delhi: A fresh application has been submitted to the Supreme Court of India, seeking the inclusion of key documents related to the recent US indictment of the Adani Group. Filed by advocate Vishal Tiwari, the petition aims to introduce two critical pieces of evidence into an ongoing case related to the Adani Group's financial practices.
The first document is a formal US court indictment accusing Gautam Adani, his relative Sagar Adani, and other company executives of orchestrating a massive bribery scheme to secure solar energy contracts worth billions of dollars in India. The indictment alleges that over $250 million in bribes were paid to Indian government officials to obtain these lucrative contracts.
The second document is a complaint from the US Securities and Exchange Commission (SEC), which accuses the Adani Group of securities fraud. The SEC alleges that Adani executives misled investors to raise funds for these solar projects, despite knowing that part of the capital was linked to corrupt activities.
This development follows the US Attorney's Office's recent charges against the Adani executives, who are accused of masterminding a bribery scheme to secure power supply contracts with state-run utilities in India. The contracts were expected to yield up to $2 billion in profits over two decades.
These charges come amid an ongoing investigation by India's Securities and Exchange Board (SEBI) into the Adani Group, after allegations of stock manipulation and market irregularities surfaced, particularly following the release of the Hindenburg Report in early 2023. The new US legal documents could play a crucial role in strengthening the investigation into the Adani Group's business operations.
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Won't contest bypolls until EC prevents fake voting: Mayawati
Lucknow (PTI): BSP chief Mayawati on Sunday alleged irregularities in voting in the recent Uttar Pradesh bypolls and said her party will not contest by-elections in future, particularly in the state, "until Election Commission takes measures to prevent fake voting".
By-elections to nine assembly seats in Uttar Pradesh were held on November 20 and results of it were declared on Saturday. Bahujan Samaj Party contested all nine seats but failed to win any.
"In the bypolls held for nine assembly seats in Uttar Pradesh, there is widespread discussion about the votes cast and the results announced yesterday. I am not saying this myself; it is a common perception among people that earlier, during elections conducted with ballot papers, fake votes were cast by misusing the system, often through fraud," Mayawati said in a press conference here.
"Now, similar practices are being carried out using EVMs, which is a matter of deep sorrow and concern for democracy," the former UP chief minister said.
Not only this, but these activities are now being executed more openly, especially during by-elections, as opposed to general elections for the Lok Sabha and state assemblies, she claimed.
"We recently witnessed this in the Uttar Pradesh bypolls. Similar concerns have also been raised regarding the recent general elections in Maharashtra. This is a major warning bell for democracy in our country," she said.
"Given this situation, our party has decided that until the Election Commission of India takes strict measures to prevent fake voting, we will not participate in any by-elections across the country, particularly in Uttar Pradesh. I am specifically referring to by-elections here," Mayawati said.
As far as general elections are concerned, she continued, there is a somewhat better safeguard because the fear of power changing hands makes the ruling party more cautious.
"In general elections, it is not guaranteed that the party in power will return to power and another party may take over. This fear keeps the government machinery somewhat restrained," she added.
Considering all these factors, our party will contest general elections for the Lok Sabha, state assemblies and local bodies with full preparation and strength, Mayawati stressed.
In the bypolls, the BJP and its ally RLD together won seven seats while Samajwadi Party candidates emerged victorious on two.
