Sun Nov 24 16:58:14 UTC 2024: ## Supreme Court Plea Demands Probe into Adani Bribery Indictment
**New Delhi, November 25, 2024** – A fresh plea has been filed in the Supreme Court of India seeking an investigation into the indictment of Gautam Adani, chairman of the Adani Group, on charges of bribery and fraud in the United States. The plea, filed by advocate Vishal Tiwari, is an interlocutory application within the existing Adani-Hindenburg case, which already involves allegations of stock price manipulation.
The U.S. Department of Justice alleges that Mr. Adani was involved in a scheme to bribe Indian officials with $265 million (approximately ₹2,200 crore) to secure favorable solar power contracts in four Indian states. The Adani Group vehemently denies these accusations, calling them baseless and asserting its compliance with all laws.
The plea argues that the seriousness of the allegations necessitates an investigation by Indian authorities. It further emphasizes the need for the Securities and Exchange Board of India (SEBI) to swiftly conclude its own ongoing investigation and publicly release its findings to restore investor confidence. The plea highlights the potential connection between the U.S. allegations and previous allegations of short selling investigated by SEBI. The Supreme Court will now consider this latest development in the ongoing saga surrounding the Adani Group.
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