NEW DELHI — A US court has combined three cases against industrialist Gautam Adani into a joint trial, citing similar allegations and transactions. The charges involve the payment of USD 265 million (approximately Rs 2,029 crore) in bribes to secure solar energy contracts with state electricity distribution companies.
The cases consolidated for the trial include US vs Adani and others (a criminal case), Securities and Exchange Commission (SEC) vs Adani and others (a civil case), and SEC vs Cabanes (a civil case involving other accused), reported PTI.
The decision, taken to ensure judicial efficiency and avoid scheduling conflicts, assigns all cases to District Judge Nicholas G. Garaufis, who is already overseeing the criminal case against Adani.
US prosecutors have alleged that the Adani Group concealed the bribery allegations from US banks and investors while raising funds for solar energy projects.
Refuting the accusations, the Adani Group described them as “baseless,” asserting, “We are a law-abiding organisation, fully compliant with all laws.” A company spokesperson emphasised that the indictment is based on charges, and the defendants are presumed innocent until proven guilty.
