Rahul Gandhi, the head of the opposition, said Thursday that US prosecutors should prosecute billionaire Indian tycoon Gautam Adani for allegedly paying over $250 million in bribery to obtain lucrative government contracts.
Gandhi made his demand after the industrialist’s conglomerate’s stock fell by about 20% in Mumbai the morning after he was charged with willfully deceiving foreign investors in a shocking indictment in New York.
“We insist that Adani be taken into custody right away. Gandhi told reporters in New Delhi, “But we know that won’t happen because Modi is protecting him.” “Modi is under Adani’s influence and cannot act even if he wants to.
US lawyer Breon Peace stated that Adani and two other board members of his Adani Group “lied about the bribery scheme as they sought to raise capital from US and international investors.”
As soon as the Mumbai stock exchange reopened on Thursday, the indictment caused significant losses in Adani Enterprises, the company’s flagship listed unit, and several other subsidiaries. The conglomerate’s renewable energy unit recognized the charges against the tycoon and two other Adani Group board members in a brief statement.
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