Adani bribery case: Appeals and settlements both on the table, says senior lawyer HP Ranina
A US court has indicted Gautam Adani, his nephew, Sagar Adani, and several other officials, for allegedly bribing Indian government officials to obtain solar energy contracts. According to Senior Supreme Court lawyer HP Ranina, the potential financial repercussions are severe, with fines likely to reach hundreds of millions of dollars, levied separately by the Department of Justice and the Securities and Exchange Commission (SEC). However, he added that the final amounts depend on judicial discretion, which could lean toward either stringent or moderate penalties based on case specifics.
A US court has indicted Gautam Adani, his nephew, Sagar Adani, and several other officials, for allegedly bribing Indian government officials to obtain solar energy contracts. According to Senior Supreme Court lawyer HP Ranina, the potential financial repercussions are severe, with fines likely to reach hundreds of millions of dollars, levied separately by the Department of Justice and the Securities and Exchange Commission (SEC). However, he added that the final amounts depend on judicial discretion, which could lean toward either stringent or moderate penalties based on case specifics.
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