Ranjit Gupta and Rupesh Aggarwal accused of conspiracy to violate FCPA
Adani Group has taken a major step amid the civil and criminal cases filed by the Securities and Exchange Commission (SEC) and the Eastern District of New York. The group has hired top US law firms Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP to handle its case. According to reports, both of them are among the largest law firms in the world. On November 21, US authorities charged Gautam Adani and some others with allegedly defrauding Indian government officials of more than $250 million to help Adani Green Energy Limited (AGEL) secure solar energy contracts from the Solar Energy Corporation of India (SECI). Was accused of giving bribe.
The case has been assigned to a single judge in the American court
AGEL had clarified in November that group chief Gautam Adani, his nephew Sagar Adani and senior executive Vineet S. Jain has not been charged with violations of the US Foreign Corrupt Practices Act (FCPA) and bribery. The civil and criminal cases being prosecuted by the SEC and the Eastern District of New York against Gautam Adani, Sagar Adani and other executives have been assigned to a single judge in the US Court.
Ranjit Gupta and Rupesh Aggarwal accused of conspiracy to violate FCPA
Former Azure Power executives Ranjit Gupta and Rupesh Aggarwal are charged with conspiracy to violate the FCPA, including bribery to obtain Indian government contracts. Cyril Cabanes, Saurabh Agarwal and Deepak Malhotra, linked to Canadian institutional investor CDPQ, are charged with conspiracy to obstruct justice, including destroying or altering evidence and withholding critical information during an investigation.
Quinn Emmanuel has worked for big companies like Microsoft and Uber
According to the report of Economic Times, Quinn Emmanuel’s office is in Los Angeles. The firm says its lawyers have handled more than 2,300 cases and have won 88% of them. The company has won verdicts and settlements worth more than $70 billion. The company has also worked for big companies like Google, Apple, Microsoft and Uber.
On the other hand, Kirkland & Ellis is headquartered in Chicago. The firm has represented major companies such as Apple, Google and Facebook. Apart from this, this law firm has also fought cases for companies like Johnson & Johnson and Volkswagen.
Latest Business News
