Plea filed in Supreme Court to take US bribery charges against Gautam Adani on record
Gautam Adani paid and offered bribes to Indian government officials for securing solar power projects has now reached the Supreme Court.
A fresh plea was filed late Saturday night informing the apex court to take on record the allegations of bribery and corruption raised by US prosecutors and the US SEC against the Adani group. The application has been filed in a batch of pending petitions in the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant.
Lawyer Vishal Tiwari, who was also one of the petitioners in the Adani-Hindenburg case, in his fresh application said the indictment order was relevant to the pending case and these documents «unveil serious malpractices carried out by the conglomerate» and these should be thoroughly investigated by the Indian authorities in the «interest of the nation.»
Calling for the conclusive report by the Securities and Exchange Board of India (SEBI) on the probe carried out so far, Tiwari said that the market regulator «has to inspire confidence by concluding the investigations and placing on record the report and conclusion of the investigations.»
As there were allegations of short selling in the Sebi investigation and the present allegations levelled by the foreign authorities may or may not have, but the investigation report of the Sebi shall clear this so that investors may not lose confidence, Tiwari stated in his fresh plea.
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