Rush Hour: Gautam Adani discharged from 2012 fraud case, FIR filed against Orry, and more

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The Bombay High Court has discharged billionaire industrialist Gautam Adani and his brother Rajesh Adani from a case involving alleged market regulation violations by Adani Enterprises. Justice RN Laddha quashed a sessions court order that had overturned a magistrate’s 2014 decision to discharge the Adanis and the company.

The case, filed in 2012 by the Serious Fraud Investigation Office, involved alleged unlawful gains of nearly Rs 388 crore by the conglomerate. A chargesheet was filed against 12 persons, including the Adanis.

A magistrate’s court in Mumbai discharged them from the case in May 2014. The Serious Fraud Investigation Office challenged the discharge order. A sessions court in November 2019 set aside the magistrate’s order and noted that the agency had made out a case of unlawful gain by the Adani Group.

Adani Enterprises had moved the High Court in 2019, following which they secured a stay order on the sessions court decision. The High Court on Monday allowed the petition and discharged the duo from the case. Read on.

Social media influencer Orhan Awatramani, better known as Orry, has been booked along with seven others for allegedly consuming alcohol in a...

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