New York court has decided to consolidate three separate lawsuits against the business magnate Gautam Adani and his associates into a single trial. These lawsuits are connected to allegations that Adani and his team paid bribes totaling USD 265 million to secure contracts for solar energy projects. The decision to merge these cases into a unified trial underscores the similarity in the accusations and the transactions involved.
- New York court clubs 3 cases against Gautam Adani for joint trial
- Decision aims for judicial efficiency, avoids schedule conflicts
- Adani, others charged with paying $265 million in bribes for solar contracts
In a major development, a New York court has ordered to club the three ongoing cases against industrialist Gautam Adani and others on charges of USD 265 million bribery. The court ruled that the cases will be heard together in a joint trial.
The ruling came as the court noted that the cases stem from similar allegations and transactions.
The cases that have been tagged together include US vs Adani and others (the criminal case against Adani), Securities and Exchange Commission (SEC) vs Adani and others (civil case against Adani), and SEC vs Cabanes (civil case against the other accused).
source india Today