Ad. News: After allegations of bribery and fraud with investors for solar energy contracts in America, the troubles of Gautam Ad. and Ad. Group are increasing continuously. Now there is news that Andhra Pradesh can cancel the electricity supply contract related to Ad. Group. For this, Andhra Government is reviewing the files. This information has been given in a report by Reuters.
The Andhra Pradesh state government is examining all internal files of the previous administration over the alleged allegations, state Finance Minister Payavula Keshav told Reuters on Monday. Keshav said, “We will also see what can be done further, like whether there is a possibility of canceling the contract… The state government is looking deeply into the issue.”
what is the whole matter
US authorities have charged Gautam Ad. and seven others with paying $265 million in bribes to certain Indian government officials between 2021 and 2022 to secure solar power supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of Jammu and Kashmir. The US Justice Department has charged Ad., the country’s second richest man, and seven others, including his nephew Sagar Ad., with bribery to buy expensive solar power at market rates from officials in Andhra Pradesh and Odisha. Accused of giving bribe.
However, the names of the officers were not disclosed in this. It is alleged that an official of Andhra Pradesh government was paid Rs 25 lakh per MW. The state then agreed to purchase 7,000 megawatts (7 GW) of solar power from SECI. However, Ad. Group has denied all the allegations and termed them baseless.
