Friday, May 9, 2025
spot_img

Fresh plea in SC seeks probe into Adani’s indictment

Date:

Share post:

spot_imgspot_img

NEW DELHI, Nov 24: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move “unveiled malpractices carried out by the conglomerate”.
The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the batch of pleas in the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant.
The US Department of Justice has accused Adani of being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts in four Indian states.
The Adani Group has denied the charge, saying the allegations levelled by the US prosecutors are baseless and that the conglomerate is compliant with all laws.
It also vowed to pursue all possible legal recourse.
In his plea before the apex court, Tiwari contended that the allegations against Adani are of “serious nature” and should be investigated by the Indian authorities. (PTI)

spot_imgspot_img

Related articles

Amid Indo-Pak tensions, Cong launches countrywide ‘Jai Hind Yatra’ to honour bravery of armed forces

New Delhi, May 9: The Congress on Friday launched ‘Jai Hind Yatra’ at all state headquarters across the...

Pakistan’s imported weaponry no match against India’s indigenous missile systems

New Delhi, May 9: India’s homegrown missile systems are proving to be a formidable deterrent to Pakistan’s imported...

In setback to Pakistan, World Bank distances itself from Indus Water Treaty

New Delhi, May 9:  In a major setback to Pakistan, the World Bank made it clear on Friday...

India surpasses Germany to become world’s 3rd-largest producer of wind, solar energy

New Delhi, May 9: India is now the world's third-largest producer of wind and solar energy, surpassing Germany,...