Vikrant Shekhawat : Nov 29, 2024, 08:20 PM
Recently, a US court issued an arrest warrant against Adani Group Chairman Gautam Adani in a bribery case. Adani is accused of offering bribes to secure a solar energy-related contract in the United States. However, a significant update has emerged regarding the matter. On Friday, the Indian government clarified that it has not received any formal request from the US in this case. The Ministry of External Affairs (MEA) stated that the Indian government has no role in the legal actions being taken against Adani Group companies in the US.
"This is a legal issue involving a private company, an individual, and a US court. There are established legal procedures and processes in such cases, and we trust they will be followed. The Indian government was not informed of this matter in advance. We have not engaged in any dialogue with the US government on this issue. Any request for serving summons or arrest warrants from a foreign government is part of mutual legal assistance agreements. Such requests are assessed on their merit. In this case, we have not received any request from the US side. This is an issue involving private entities, and the Indian government is not legally involved at this stage."
MEA's Official Statement on the Issue
Ministry of External Affairs spokesperson Randhir Jaiswal, addressing the matter, stated:"This is a legal issue involving a private company, an individual, and a US court. There are established legal procedures and processes in such cases, and we trust they will be followed. The Indian government was not informed of this matter in advance. We have not engaged in any dialogue with the US government on this issue. Any request for serving summons or arrest warrants from a foreign government is part of mutual legal assistance agreements. Such requests are assessed on their merit. In this case, we have not received any request from the US side. This is an issue involving private entities, and the Indian government is not legally involved at this stage."
Legal Process for Action Against the Accused
For legal action to be initiated against an accused in such cases, the Ministry of Home Affairs in India must be provided with complete information. Following this, the Home Ministry can direct the concerned agencies to proceed with the case.Impact on Adani Group's Stock Performance
Following the issuance of the arrest warrant, Adani Group's stocks experienced a significant decline. However, after the recent updates and clarifications, the shares have started to rebound, showing signs of recovery.Key Takeaways
This case highlights the complexities involved in international legal disputes that include private entities and foreign governments. While the Indian government has distanced itself from the issue, the focus remains on legal compliance and cooperation as per established protocols. Meanwhile, the Adani Group continues to manage its business operations amidst these developments.The situation remains dynamic, and further updates are expected as legal proceedings unfold.#WATCH | Delhi: On the Adani indictment issue, MEA Spokesperson Randhir Jaiswal says, "This is a legal matter involving private firms and individuals and the US Department of Justice. There are established procedures and legal avenues in such cases which we believe would be… pic.twitter.com/w8CCLqU660
— ANI (@ANI) November 29, 2024