Big Relief to Gautam Adani: Gautam Adani from Bombay High Court was running a Clean Chit, 2012 – Bombay High Court Clears Gautam Adani and Brother Rajesh Adani in Rs 388 Crore Market Violation Case Tutc

Adani Group Chairman Gautam Adani and his brother Rajesh Adani have got a big relief from the Bombay High Court. On Monday, the court, while giving a big verdict, has alleged him in the shares of Adani Enterprises to acquit a market regulation of Rs 388 crore in the case of a market regulation of Rs 388 crore. After this order of the Bombay High Court, the long law fighting for more than a decade has ended.

The case of 2012 is the case
The case is in 2012, when the Serious Fraud Investigation Office (SFIO) filed a charge sheet alleging criminal conspiracy and cheating against Adani Enterprises Limited and his promoters. It was associated with narrative financial irregularities. In this charge sheet, 12 people including Gautam Adani and his brother Rajesh Adani were named.

Till now there have been many turns in this matter
According to the report of India Today, the Mumbai Magistrate’s court had accused Gautam Adani in May 2014 after investigating the case and said in his judgment that there was not enough evidence against him. But the SFIO challenged the order and argued that the Adani Group allegedly made profit through some financial transactions. After this, in the month of November 2019, the Sessions Court reversed the order and restored the matter.

Adani takes the High Court’s stand
Gautam Adani and Rajesh Adani turned to the Bombay High Court against the order of the Sessions Court. He had argued that SFIO’s claims were arbitrary and there was no power in this matter. Now in this case, on Monday, a bench of Justice RN Laddha reviewed him and gave him great relief and has freed all the allegations related to the alleged market regulation violation. Please tell here that the SFIO working under the Ministry of Corporate Affairs of the Government of India (Govt of India) was also reprimanded by the High Court for the delay in 2023.

Gautam Adani is the owner of so much property
Let us know that 10 companies of Adani Group, led by Gautam Adani, are currently listed in the stock market. On the other hand, if we talk about the property, then according to the Bloomberg Billioniers Index, Gautam Adani’s net worth is $ 69.1 billion.