Gautam Adani Faces Bribery Charges in US, Congress Targets PM Modi

Aakhir Tak – In Shorts

1. Gautam Adani accused of $265 million bribery and fraud in the US.
2. Congress reiterates its demand for a Joint Parliamentary Committee (JPC) probe.
3. Jairam Ramesh says SEC allegations validate their long-standing demands.
4. Congress questions SEBI’s investigation process and accountability.
5. Case linked to a solar energy project involving bribery and fraud.

Aakhir Tak – In Depth

Congress Targets PM Modi

After the US charged Gautam Adani with bribery and fraud, Congress intensified its demand for a Joint Parliamentary Committee (JPC) probe. Senior Congress leader Jairam Ramesh pointed to the alleged “intimate nexus” between Prime Minister Narendra Modi and Gautam Adani.

“Hum Adani Ke Hain” Series

Ramesh referred to the party’s “Hum Adani ke Hain” series, which posed 100 questions about alleged links between PM Modi and Adani. He reiterated the need for accountability, stating that these questions remain unanswered.

US SEC’s Allegations

According to the US SEC, Adani misled investors and engaged in a $265 million bribery scheme tied to a solar energy project. This project aimed to supply 12 gigawatts of solar power to the Indian government.

Questions on SEBI’s Role

Congress criticized SEBI, alleging inefficiency in probing Adani Group’s funding sources and shell companies. Ramesh argued that the SEC’s investigation highlighted SEBI’s failures.

Wider Conspiracy Allegations

Legal documents revealed that the bribery secured contracts expected to generate $2 billion in profits over two decades. This exposes significant fraud and corruption in the project.

Key Takeaways to Remember

1. Gautam Adani faces serious charges by the US SEC.
2. Congress strengthens its demand for a JPC probe.
3. The case highlights allegations of $265 million bribery and fraud.

Aakhir Tak Editor-in-Chief

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