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The decision came after the court said that the cases stemmed from similar allegations and transactions. The cases tagged together include US vs. Adani and others, Securities and Exchange Commission (SEC) vs. Adani and others (civil case against Adani), and SEC vs. Cabanes (civil case against other accused).
A New York court has ordered the clubbing of three cases against industrialist Gautam Adani and others on bribery charges worth US$265 million. The court ruled that the cases would be heard together in a joint hearing. The decision came after the court said that the cases stemmed from similar allegations and transactions. The cases tagged together include US vs. Adani and others, Securities and Exchange Commission (SEC) vs. Adani and others (civil case against Adani), and SEC vs. Cabanes (civil case against other accused).
The court said the decision has been taken to promote judicial efficiency and avoid conflicting programmes. It will hand over all cases to District Judge Nicholas G. Garoufis, who is also overseeing the criminal case against Adani. The court staff has been instructed to re-dispose of the cases. Adani and others are accused of paying bribes worth US$265 million (about Rs 2,029 crore) to win solar power contracts with state power distribution companies.
Earlier, US prosecutors had alleged that this fact was hidden from US banks and investors from whom the Adani Group raised funds for solar power projects. Adani Group has denied the allegations, calling them “baseless” and saying, “We are a law-abiding organization, fully compliant with all laws.” A company spokesperson said the indictment is based on allegations. is, and defendants are considered innocent until proven guilty.
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