Gautam Adani: Adani worships the US ambitions, the eyes of the eyes despite the continuing criminal charges, says report

According to the Adani Group, the Adani Group will again put its ambitions for significant investments in the United States, as the Financial Times reported on March 2, as sources “familiarized” with development.

This development is of importance with regard to the ongoing criminal allegations against the wealthy founder of the Indian conglomerate. The Business Group, which specializes in infrastructure, has resumed its interest in financing projects in various sectors in the USA, including nuclear energy, supply companies and a port on the east coast.

After the election of Donald Trump as President last year last year, one of the most influential industrial India, initially undertaken to invest 10 billion US dollars in the United States, a step that is expected to generate around 15,000 jobs. However, these intentions seemed to be eliminated shortly afterwards when Adani and seven other charges by the US authorities were confronted in connection with solar energy in India because of their participation in an alleged 265 -million dollar.

However, a source associated with Adani told the FT that after Trump there was a feeling of “great relief” within the conglomerate at the beginning of February, a suspension of the law on foreign corrupt practices called for hope that the legal challenges against him could ultimately fail. Although Adani as a non-US citizen was not directly charged according to the law, it serves as the basis for the charges against others who were supposedly involved in the program. The Adani group described the allegations as “unfounded”.

Another insider was cited with the words: “With Trump's arrival, we reactivated a few plans”, but recognize that a “Damocles sword” still threatens over the billionaire, together with concerns about the “indefinite nature of the investigation”.

Another employee of Adani told the newspaper: “We are clear about our intentions, but we will hold it back until this matter is solved.” Previously, the Adani group had conducted potential cooperation in discussions with US companies and, according to the sources, examined the possibilities for petrochemical investments in Texas. The group currently lacks essential investments or projects in the United States. The legal fees represent an unprecedented risk for Adani, the conglomerate of which plays a decisive role in Indian infrastructure development and their efforts to improve their global reputation. “If the charges are released, Adani should pursue his investment goals in America,” FT Michael Kugelman, director of the South Asia Institute at the Wilson Center in Washington, quoted.

“The idea of ​​Adani-our considerable wealth and its strong relationships with the modi government, a critical US ally in America are probably well received by Trump.”

The Adani Group did not give an answer to a request for comments, said the FT.