Adani Group News: Gautam Adani’s troubles are increasing after being accused of paying bribe for solar power contract in America. First Adani had to suffer losses in the stock market and after that French oil company Total Energies banned further investment in Adani Green. Let us tell you that Total Energies has 20 percent stake in Adani Green.
After all this, good news is not coming from Andhra Pradesh for Gautam Adani, after which the power deal between Adani Power and Andhra Pradesh government may end. Here we are telling you in detail about this entire matter.
Which deal may be eclipsed?
There is a contract for electricity supply in the state between the Andhra Pradesh government and the Adani Group power company. According to a Reuters report, Andhra Pradesh government may cancel the power supply contract. All these things have come to light when Adani has been accused of paying bribe in America and Andhra government is investigating the files of contracts made by the previous government.
Why did the case happen in America?
American officials have accused Gautam Adani of giving money to an American investor as bribe. This allegation has been made for obtaining solar energy supply contracts in 2021 and 2022 in the union territories of Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and Jammu and Kashmir. According to the allegations of American officials, the amount of bribe is 265 million dollars. However, Adani Group has denied all the allegations and termed them baseless. At the same time, Andhra Pradesh’s previous ruling party YSR Congress Party had denied any wrongdoing last week.
Chandrababu Naidu has also expressed his displeasure
Last Friday, Andhra Pradesh Chief Minister N. Chandrababu Naidu said that the state government has the chargesheet report filed in the US related to the alleged bribery scam involving the previous YSRCP government and the Adani Group. He promised to take action against irregularities.