Gautam Adani Bribery Case: In a major legal development, a court in New York court has ordered to consolidation the three active cases against industrialist Gautam Adani and others on allegations of USD 265 million bribery. The court ruled that the cases will be heard together in a joint trial.
The court in New York has found that all the cases will be consolidated and settled in a single trail.
The cases that have been clubbed together include US vs Adani and others (criminal case against Adani), Securities and Exchange Commission (SEC) vs Adani and others (civil case against Adani) and SEC vs Cabness (civil case against other accused).
The court said the decision was taken to promote judicial efficiency and avoid conflicting schedules. It will assign all the cases to District Judge Nicholas G. Garaufis, who is also overseeing the criminal case against Adani. The court staff has been directed to reallocate the cases. The order in this regard was issued by the Eastern District New York Court on December 12, 2024.
The details were made public recently. Subsequently, on December 18, 2024, the cases were officially assigned to Judge Nicholas G. Garaufis and Magistrate Judge James R. Cho was directed to oversee “pre-trial non-adjudicatory matters.”
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