Andhra Pradesh mulls terminating power supply contract linked to Adani Group
The state government was ‘digging into all the internal files’ from the previous administration under which the alleged misconduct took place, it said.
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The Andhra Pradesh government on Monday said that it is reviewing its internal files to determine whether cancelling a power supply contract linked to the Adani Group was possible, Reuters reported.
This comes days after a United States court indicted industrialist Gautam Adani, the chairperson of the Adani Group, in a $265 million bribery and fraud case.
On November 20, the United States’ Securities and Exchange Commission also claimed that the previous YSR Congress government in Andhra Pradesh was paid or promised a bribe of nearly $200 million, or Rs 1,750 crore, by Adani and his nephew, Sagar Adani, in exchange for power supply agreements.
On Monday, state Finance Minister Payyavula Keshav told Reuters that the Telugu Desam Party government was “digging into all the internal files” from the previous administration under which the alleged misconduct took place.
“We will also examine what can be done next, like is there a possibility to cancel the contract,” the news agency quoted Keshav as saying. “State government is looking into this issue closely.”
The US Attorney’s office for the Eastern District in New York on November 20 claimed that Gautam Adani and seven others, including Sagar Adani, agreed to pay over $265 million, or nearly Rs 2,236 crore, in bribes to Indian government officials between 2020...
