This story is from November 22, 2024

Human Rights Forum demands Andhra Pradesh govt to cancel agreements with Adani group

Human Rights Forum has demanded the Andhra Pradesh government to cancel agreements with the Adani group and launch an investigation into the alleged multi-billion dollar fraud scheme involving Adani Green Energy. The indictment alleges Adani Green bribed Andhra Pradesh government officials to secure a power supply agreement with the Solar Energy Corporation of India.
Human Rights Forum demands Andhra Pradesh govt to cancel agreements with Adani group
VISAKHAPATNAM: In light of criminal indictment of Gautam Adani and other executives of Adani Green Energy by Federal US prosecutors in New York, USA, the Human Rights Forum (HRF) demands that the Andhra Pradesh government immediately cancel the relevant agreements gone into with Adani group and launch a comprehensive and credible investigation into the matter.The HRF team V S Krishna (AP and TG co-ordination committee member), Y Rajesh (State general secretary) and G Rohith ( State secretary) mentioned that the allegations amount to a multi-billion-dollar fraud scheme and include serious corruption and governance concerns. As has now been revealed, the Attorney of the Eastern District of New York indicted Gautam Adani and various officials belonging to Adani Green Energy Power, its affiliate Azure Power and a Canadian institutional investment firm.The indictment, following investigation by the Federal Bureau of Investigation (FBI), and Securities and Exchange Commission (SEC), was filed on October 24, 2024, and made public on November 20, 2024. The indictment alleges that government officials in AP were bribed by Adani Green to the tune of 228 million dollars to facilitate a power supply agreement with the Solar Energy Corporation of India (SECI).The indictment states that Gautam Adani met with a ‘foreign official’ in AP during 2021 (can be inferred as former Chief Minister YS Jagan Mohan Reddy) to ‘advance the execution of a PSA between SECI and Andhra Pradesh’s state electricity distribution companies.
Opposition parties at the time demanded that the State government disclose details of this secret meeting. Functionaries of the Communist Party of India (CPI) and Telugu Desam Party (TDP) had approached the AP High Court against the Rs. 2.49/kWh tariff price and supply of 7,000 MW of solar power by Adani through SECI.It would also be pertinent to recall that Adani Green Energy Ltd. was also permitted to set up Pumped Storage Projects (PSPs) in Kurukutti, Karrivalasa and Pedakota of Alluri Sitarama Raju (ASR) and Parvathipuram-Manyam districts of AP.These projects were granted during the YSRCP government in open contempt of the law and various Constitutional provisions applicable in the 5th Schedule region., the HRF team added.

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About the AuthorNalla Ram Babu

Nalla Ram Babu is a Special Correspondent, at the Times of India-Visakhapatnam. He reports on crime, rural development, road transport, Indian Navy, sea food industry, weather, research in agriculture, legal, civic issues and data-driven stories. He holds postgraduate degree in journalism & mass communication.

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