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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Murder case accused dies in police custody due to 'illness'
Bengaluru (PTI): A 45-year-old murder case accused allegedly died due to illness while in police custody, police said on Thursday.
The deceased was arrested by the Mahalakshmi Layout police on April 28 in connection with a conspiracy to rob money and gold ornaments from a woman living alone by causing a fatal accident.
“In this case, one accused was arrested and produced before the court for further investigation, and police custody was obtained. On May 2, at around 2:00 a.m., the accused complained of stomach pain. He was immediately admitted as an inpatient atVictoria Hospital.
On May 5, at around 9:20 a.m., the doctors at Victoria Hospital informed that the accused had died after failing to respond to treatment,” police said in a release.
The accused had a history of long-term illness, it said. “While he was in police custody, he became unwell due to stomach pain and was admitted to Victoria Hospital for treatment. He died after failing to respond to treatment.”
According to police, against this person, three cases were registered at Seshadripuram Police Station, one at Mahalakshmi Layout Police Station, one at High Grounds Police Station, and one at Rajagopal Nagar Police Station.
Earlier, a rowdy sheet had been opened against him at Seshadripuram Police Station.
