Congress offers support to JD (S) to form government
Bengaluru: With no party getting a clear majority in Karnataka assembly polls, it is likely that the coalition government of Congress and JD (S) will be formed in Karnataka.
KPCC President Dr. G Parameshwara has said that the Congress party has offered its support to JD (S) in the formation of the government.
Meanwhile, it has been learnt that Congress president Sonia Gandhi has contacted JD (S) chief HD Deve Gowda and discussed the formation of the government.
Though the BJP has emerged as the largest party in terms of maximum seats, It has failed to achieve the magic number (113) required for the formation of government in the state.
While the BJP has won 104 seats, Congress emerged victorious in 78 seats, JDS in 38, and two other candidates have also made their way to state Assembly. However, results are yet to be announced at around 20 constituencies. In this situation, former Chief Minister HD Kumaraswamy is likely to become Chief Minister once again in the state.
Though the BJP has won more seats, the dream of government formation is far away. The Congress-JDS move has led to the BJP's headache.
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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.
