By Antynet Ford
India Opposition leader Rahul Gandhi has called for the arrest and prosecution of Gautam Adani following his indictment in a bribery case in the US.
Gandhi spoke hours after news was shared that Adani paid $265 million (Sh34 billion) to Indian officials to obtain power supply contracts expected to yield $2 billion of profit over 20 years and develop India’s largest solar power plant project.
“It’s now pretty clear and established in America that Adani has broken both the American law and Indian law. I am wondering why he is still running around as a free man in this country. Chief Ministers have been arrested, many people have been arrested and Adani has done one scam and multiple others probably but he has gone scot-free.” Gandhi said while speaking to the media in New Delhi.
He said the opposition in India has in the past helped cast the profile of Adani and his associates, and will continue to do so to expose his network.
“India will know who are the people who have hijacked this country. We are doing our job to make our people aware of what is going on. I guarantee you that the structure is going to collapse, it will not survive.” He added.
Kenya woke up to the news that Adani and three other senior executives had been indicted by the US Securities and Exchange Commission (SEC) in two actions alleging a massive bribery scheme involving Indian energy companies, Adani Green and Azure Power.
They were charged with securities fraud, securities fraud conspiracy, and wire fraud conspiracy in New York.
The three are alleged to have engaged in the bribery scheme during a September 2021 note offering by Adani Green that raised $750 million, including approximately $175 million from US investors.
The Adani group has been picked by the government to refurbish and expand the national airport, JKIA, and a $736.6 million deal with electricity transmission company, Ketraco, to develop, finance, and operate power transmission lines and substations across Kenya.
In a quick rejoinder, the Adani Group denied the report by the US Department of Justice and SEC terming them as baseless.
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