- The hands of PM Narendra Modi are linked, explains Rahul Gandhi from inc.
- Adani faces allegations of corruption to obtain lucrative contracts.
- Group subject to an investigation for alleged Incorrect use of tax havens.
In a scathing criticism of the alleged questionable relations of the Indian Prime Minister, the head of the country’s opposition, Rahul Gandhi, said that the reason why Naretra Modi could not resist US President Donald Trump was due to the Washington investigation into Gautam Adani – a business tycoon considered as a close ally of the first.
“The reason why Prime Minister Modi cannot resist President Trump despite his repeated threats is the US investigation on Adani. A threat is to exhibit financial ties between Modi, AA and Russian oil agreements,” Gandhi said in a position on X.
“Modi’s hands are linked,” added the politician.
The remarks of the Chief of the Indian National Congress (Inc) refer to the American investigation into the alleged -i-bribes paid by Adani to obtain lucrative government contracts.
In addition to the American survey, Adani Group, as well as its 13 offshore investors, faced a SECURITIES and Exchange BOARD OF India (SEBI) survey since Hindenburg Research in 2023 allegedly allegedly allegedly allegedly by the group of tax havens. The group has always denied any reprehensible act.
The remarks of the Russian oil agreement carried out by Gandhi must be taken in the context of the purchase of Russian oil by New Delhi which has become a point of discord between India and the United States.
President Trump, who is rather unhappy with India relations with Russia, has threatened to further increase prices compared to the current 25% on Indian products.
“They feed the war machine, and if they are going to do it, then I will not be happy,” said Trump one day earlier.
Adani, 62, is the owner of the Adani group who has interest in everything, from the production of electricity and the Australian coal mines to cement, media, food, airport terminals and Israeli ports.
The dazzling increase in the equity prices of Adani units – the flagship Adani Enterprises has increased by more than 1,000% in five years – helped the staggering conglomerate and finance more expansion.
The wizard conglomerate offered Modi the use of a private company jet during the 2014 electoral campaign which swept its Hindu-Nationalist Bharatiya Janata (BJP).
A few years ago, Adani executed a hostile takeover of the diffuser NDTVA television new service considered one of the few media ready to criticize Externally Modi.
Adani struck the fears of press freedom, but said to Financial time That journalists should have the “courage” to say “when the government does the right thing every day”.
Corruption scandal
In November 2024, the Adani group was charged with accusations to pay more than $ 250 million to Indian government officials to obtain lucrative contracts worth more than $ 2 billion.
He also invoices Adani and seven other officials who lie on corruption in order to raise capital from international investors, including those of the United States.
In June 2020, a renewable energy company belonging to the Indian billionaire Gautam Adani won what she called the largest solar development offer ever allocated: an agreement to provide 8 gigawatts of electricity to an electricity company belonging to the State.
But there was a problem. Local electricity companies did not want to pay the prices that the Crown corporation offered, compromising the agreement, according to the American authorities. To save the agreement, Adani would have decided to bring local officials to persuade them to buy electricity.
The so-called hundreds of millions of dollars in bribes promised to local Indian officials drew the attention of the US justice and SECURITIES and Exchange Commission while Adani companies raised funds from American investors in several transactions from 2021.
This report of the way in which the alleged regime took place was taken from the criminal accusation of 54 pages of the federal prosecutors and seven of its partners and two parallel complaints of the civil dry, who largely cite electronic messages between the alleged participants of the program.
At the beginning of 2020, the Solar Energy Corporation of India awarded Adani Green Energy and another company, Azure Power Global, contracts for a solar energy project of 12 Gigawatts, which should bring back billions of dollars in income for the two companies, according to the accusation act.
It was a major step for Adani Green Energy, managed by the nephew of Adani, Sagar Adani. Until that time, the company had only won about $ 50 million in its history and has not yet made profits, according to the complaint of the dry.
But the initiative quickly hit roadblocks. Local distributors of state electricity were reluctant to undertake to buy the new solar energy, expecting prices to drop in the future, according to a report of April 7, 2021 by the Institute of Energy Economy and Financial Analysis, a reflection group.
According to the dry.
When the CEO of Azure wrote on November 24, 2020, that local electricity companies “are motivated”, “Sagar Adani would have replied:” Yup […] But the optics are very difficult to cover. In February 2021, Sagar Adani would have written to the CEO: “Just for you to know, we have doubled the incentives to put pressure for these acceptance.”
The dry did not appoint the CEO of Azure as a defendant, but the securities documents of Azure show that the CEO at the time was Ranjit Gupta.
GUPTA was charged by the conspiracy Ministry of Justice to violate an anti-corruption law. He did not immediately respond to a request for comments.
Earlier this year, Adani representatives and representatives of his companies met with officials of the Trump administration requesting the dismissal of criminal accusations in the corruption investigation, Bloomberg Reported in May quoting people familiar to the issue.
In June 2025, Adani denied any reprehensible act in response to the American allegations of corruption, indicating to the shareholders that no individual in the group was charged under the Corruption Practices of the United States (FCPA).
“Despite all the noise, the facts are that no one in the Adani group has been accused of having violated the FCPA or a conspiracy in order to hinder justice,” said Adani at the annual general meeting of the company.
“Even facing storms and tireless examination, the Adani group has never backed up,” he said.
– with an additional AFP input
