- The article highlighted that India is a pivotal partner for the West, especially in initiatives like the India-Middle East-Europe Economic Corridor (IMEC)—a transformative infrastructure project designed to rival China’s Belt and Road Initiative (BRI)
- Adani appoints independent law firms to review US indictment
NE BUSINESS BUREAU
NEW DELHI, JAN 30
The US Department of Justice’s (DoJ) indictment of Indian billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said.
In an article titled ‘The US Harms The West’s Alliances With A Far-Flung Indictment In India,’ the author, Melik Kaylan, argued that the indictment, which alleges bribery and financial misrepresentation, “risks damaging India-US relations at a time when Washington is actively seeking stronger alliances to counter China’s rising influence”.
The article highlighted that India is a pivotal partner for the West, especially in initiatives like the India-Middle East-Europe Economic Corridor (IMEC)—a transformative infrastructure project designed to rival China’s Belt and Road Initiative (BRI).
The DoJ’s action, however, undermines economic collaboration and trust at a critical juncture, potentially pushing India closer to Russia and China. In doing so, the US inadvertently weakens its own geopolitical positioning, allowing its rivals to strengthen their influence, according to Forbes.
Moreover, the piece argued that this indictment represents another example of Western overreach, where American extraterritorial legal actions disrupt vital global partnerships.
The broader concern is that while the US and Europe undermine their own allies with such moves, their adversaries continue advancing—economically, militarily, and technologically. As the author bluntly puts it, “They must be laughing in Beijing.”
In essence, the DoJ’s action against Adani is not just a legal decision but a diplomatic miscalculation that risks isolating India at a time when its alignment with the West is crucial for global stability, according to the article.
Adani appoints independent law firms to review US indictment
Adani group has appointed independent law firms to review the U.S. indictment against its founder chairman Gautam Adani, his nephew and another key executive in a USD 265 million bribery case, according to a stock exchange filing by a group firm.
Adani Green Energy Ltd (AGEL), which is said to have benefited from getting renewable energy supply contracts in lieu of payment of the bribe to unnamed Indian officials, in the filing, asserted that it was in “compliance with applicable laws and regulations”.
“The company, in discussion with Adani group management, has appointed independent law firms to perform independent review” in the US indictment matter, AGEL said in notes to the third quarter earnings statement.
It, however, did not name the firms.
