Why Is SECI Silent on Adani’s Bribery Allegations? https://www.youtube.com/watch?v=LBIVqYm-4J0 Moneylife News Bites Nov 27, 2024
The Adani bribery scandal has rocked the global energy sector, with indictments from the US Department of Justice and the SEC. At the center of this controversy lies SECI (Solar Energy Corporation of India), whose silence raises troubling questions about its role in facilitating inflated solar power prices and bribery schemes. This video explores:
SECI's questionable policies and decisions.
Allegations of corruption involving Adani Green Energy and Azure Power.
The Power Ministry’s role in encouraging centralized solar plants.
Demands for an independent investigation
US probing Adani Group and founder over potential bribery, Bloomberg reports https://www.reuters.com/world/india/us-probing-adani-group-founder-over-potential-bribery-bloomberg-reports-2024-03-15/ By Reuters March 15, 2024 Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, the report said, citing people with direct knowledge of the matter..."We are not aware of any investigation against our chairman," Adani Group told Bloomberg News...