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HC relief for Adani in ₹388 cr violation case
The Free Press Journal
|March 18, 2025
In a relief for Adani Group chairman Gautam Adani and managing director Rajesh Adani, the Bombay High Court on Monday discharged them in a case of alleged violations of market regulations amounting to nearly Rs388 crore observing that no case of cheating or criminal conspiracy was made out.
In 2012, the Serious Fraud Investigation Office (SFIO) initiated a case against Adani Enterprises Limited (AEL) and its promoters, Gautam Adani and Rajesh Adani. It filed a charge-sheet accusing them of criminal conspiracy and cheating. Later, in 2019, Gautam Adani and Rajesh Adani approached the High Court.
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