New Delhi
US President Donald Trump is taking quick decisions in his second and last term. Due to this, there is a lot of upheaval in the world. But he has given great relief to India’s second largest nobleman Gautam Adani. A report quoted sources as saying that Adani Group is resumping its plans to make big investment in the US. It is considered very important amid the allegations against Adani. According to the report, the Adani Group is again showing interest in funding in several sectors in the US. These include nuclear energy, utilities and a port on the east coast.
After Trump became President last year, Adani promised to invest $ 10 billion in the US. It was expected to create about 15,000 jobs. But shortly thereafter, a case was filed in the US against Adani and seven other top officials of the group. These people are accused of paying $ 26,5 million bribe and hiding this from American investors to get contracts related to solar energy in India. After this, the Adani Group’s investment plan in America went into cold storage.
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A source associated with Adani said that in early February, the Trump Foreign Corrupt Practices Act (FCPA) was banned. This has brought great relief to Adani Group. This has raised hopes that legal challenges against them may end. However, Adani was not directly accused under this law due to not being an American citizen. This law is the basis of allegations against other people who were reportedly involved in it. The Adani Group has described these allegations as baseless.
Another source said that with the arrival of Trump, we have re -activated some schemes. But he also admitted that the sword is still hanging on Adani. At the same time, there is also a concern that this investigation can last long. Another close close to Adani said that we are clear about our intentions, but we will wait until the matter is resolved. According to sources, the Adani Group was earlier negotiating about possible cooperation with American companies and was looking for a petrochemical investment opportunities in Texas. At present, the group has no major investment or project in the US.
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There may be a big risk for litigation Adani Group in the US. Michael Kugelman, director of the South Asia Institute at the Wilson Center in Washington, said that if the allegations against Adani are dismissed, the group may pursue its investment in the US. He said that Adani has a lot of wealth and has strong relations with the Modi government. In view of this, Trump can take them in hand. The Adani Group did not respond to the remarks request in this regard.
