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According to Bloomberg’s Billionaires Index, 62-year-old Gautam Adani’s wealth is more than $85 billion.
The Federal Court of New York has accused 7 people including Gautam Adani of fraud and bribery worth billions of dollars. The rest of the accused also include nephews of Adani Green Energy Limited, Sagar Adani and Vineet Jain.
A press release issued by the United States Attorney’s Office said that Adani had promised to pay bribes of more than $250 million to Indian officials to obtain solar energy contracts.
According to the US Department of Justice, the accused lied to investors and banks to raise this money. Also tried to obstruct the investigation.
Some interesting facts related to Gautam Adani and his journey…
Tried luck in diamond industry: Born on 24 June 1962, Gautam Adani, a college dropout, is from Gujarat. He tried his luck in Mumbai’s diamond industry in the early 1980s before returning to Gujarat to help run his brother’s plastics business. After this, Adani Group was started in 1988 with a small agri trading firm.
It has now transformed into a conglomerate spanning coal trading, mining, logistics, power generation and distribution. Adani Group is also in green energy, airports, data centers and cement industry. Gautam Adani has committed to invest a total of $ 70 billion by 2030 to make his group the world’s largest renewable energy producer.
Adani Foundation formed in 1996: Adani Foundation was established in 1996 under the leadership of wife Preeti Adani. It has worked on social programs in rural areas of India. Presently this foundation is helping in the upliftment of 34 lakh people annually in 18 states of the country. Preeti is a doctor by profession, who has done graduation in Dental Surgery (BDS).
The news is being updated continuously…
