Congress accuses govt of \'foisting\' Adani Group on Sri Lanka
1 year, 9 months ago

Congress accuses govt of \'foisting\' Adani Group on Sri Lanka

Deccan Chronicle  

New Delhi: The Congress accused the Centre on Sunday of "lobbying" in favour of the Adani Group for projects in Sri Lanka and "foisting" the business conglomerate on the important neighbour of India. Posing a set of three questions to Prime Minister Narendra Modi as part of the party's "Hum Adani ke Hain Kaun" series, Congress general secretary Jairam Ramesh said they had previously asked Modi on his "apparent haste" to "enrich the Adani Group at the expense of Bangladesh and now, want answers on how he has been "foisting" the business group on another important neighbour, Sri Lanka. A year later, on June 9, 2020, the Sri Lankan cabinet headed by Prime Minister Mahinda Rajapaksa announced that India had "selected" Adani Ports as its foreign terminal operator, Ramesh said. "The former head of the Ceylon Electricity Board, MMC Ferdinando, testified on June 10, 2022 before the Parliament of Sri Lanka that on October 24, 2021, 'the President summoned me after a meeting and said that India's Prime Minister Modi is pressuring him to hand over the project to the Adani Group'," the Congress leader alleged.

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History of this topic

Adani opts out of US funding for its Colombo Port project
2 weeks ago

Adani opts out of US funding for its Colombo Port project

Deccan Chronicle  

New Delhi: Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. The US International Development Finance Corp, in November last year, agreed to provide a USD 553 million loan to support the development, construction, and operation of a deep-water container terminal called the Colombo …

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director
2 weeks, 2 days ago

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director

India Today  

The United States Securities and Exchange Commission has approached a New York court with a formal request to consolidate the civil cases against Indian industrialist Gautam Adani and Azure Power's Cyril Cabanes. While Gautam Adani and his nephew Sagar Adani have not been directly charged with FCPA violations - a fact repeatedly emphasised by their legal counsel, including prominent lawyers …

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises
Trending News
3 weeks, 1 day ago

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises

New Indian Express  

NEW DELHI: MPs of several INDIA bloc parties protested on the Parliament premises on Tuesday over the Adani issue and reiterated their demand for a joint parliamentary probe into the matter. The Congress and some other opposition have been demanding a joint parliamentary committee probe following the indictment by US prosecutors of Adani Group chairperson Gautam Adani and other company …

'How can this govt be part of probe into itself': Congress' dig at MEA response on Adani bribery row
3 weeks, 4 days ago

'How can this govt be part of probe into itself': Congress' dig at MEA response on Adani bribery row

New Indian Express  

NEW DELHI: The Congress on Saturday took a swipe over the Ministry of External Affairs' statement that the Indian government is not part of the US probe into Adani Group in any manner, asking how can this government be part of a probe into itself. Tagging a media report on the remarks, Congress general secretary in-charge communications Jairam Ramesh said, …

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms
3 weeks, 5 days ago

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms

Associated Press  

NEW DELHI — India’s Parliament was disrupted for a third day Thursday by opposition parties protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes. In the absence of a statement by the Indian government, Amit Malviya, the governing Bharatiya Janata Party’s IT head, …

‘Adani power deal under scrutiny’: Andhra official
4 weeks ago

‘Adani power deal under scrutiny’: Andhra official

Hindustan Times  

The Andhra Pradesh government is examining whether the state can cancel a contract with the Solar Energy Corp of India following allegations by prosecutors in New York that the Adani Group paid around $265 million in bribes to officials in several Indian states to secure renewable energy contracts. The allegation is that SECI entered into an agreement with the Adani …

No money given to Adani so far for Sri Lankan port project, says US development agency
4 weeks ago

No money given to Adani so far for Sri Lankan port project, says US development agency

Live Mint  

Mumbai: The US International Development Finance Corporation, which last year committed a half-a-billion-dollar loan to the Adani group for developing a port in Sri Lanka, has not yet disbursed any money to the Indian conglomerate. Incidentally, GQG Partners informed its investors last week that it had built up positions in Adani group companies as new data emerged, including the DFC’s …

Adani Group deals at risk: How countries have reacted after bribery charges
4 weeks, 1 day ago

Adani Group deals at risk: How countries have reacted after bribery charges

India Today  

The Adani Group is under scrutiny after US authorities accused Gautam Adani and seven associates of paying $265 million in bribes to Indian government officials. President William Ruto said on Thursday that a procurement process that would have handed control of the country's main airport to the Adani Group was terminated, reported news agency Reuters. Adani Green Energy Limited, however, …

Adani's Sri Lanka port project under US scrutiny amid bribery allegations
1 month ago

Adani's Sri Lanka port project under US scrutiny amid bribery allegations

India Today  

A US agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India's Adani Group on the agency's prior agreement to lend more than USD 550 million to a Sri Lankan port development backed by the group. The US International Development Finance Corporation last November said it would provide USD …

Scrap all Adani contracts in Telangana, demands BRS
1 month ago

Scrap all Adani contracts in Telangana, demands BRS

Deccan Chronicle  

HYDERABAD: The BRS on Friday demanded that the Congress state government scrap all agreements it had entered into with the industrialist Gautam Adani’s group of companies, with party working president K.T. Addressing a press conference Rama Rao said while Rahul Gandhi keeps attacking Adani at the national level, in Telangana the Chief Minister was cozying up to the industrialist. The …

Adani’s indictment in US vindicates Congress’ stand: Amarinder Warring
1 month ago

Adani’s indictment in US vindicates Congress’ stand: Amarinder Warring

Hindustan Times  

Punjab Pradesh Congress Committee president Amarinder Singh Raja Warring on Friday said the indictment of Gautam Adani by the US government has vindicated the Congress’ stance and charges against the Adani group. Adani’s indictment in US vindicates Congress’ stand: Amarinder Warring Addressing the press conference at Jalandhar press club on Friday, the PPCC chief said the development vindicates the Congress …

US charges in Adani bribery case have Opposition-ruled states: BJP to Congress
1 month ago

US charges in Adani bribery case have Opposition-ruled states: BJP to Congress

Hindustan Times  

States that allegedly received bribes from the Adani Group in exchange for solar power projects were ruled by Opposition parties, the Bharatiya Janata Party said on Thursday in response to Congress MP Rahul Gandhi’s claims earlier in the day that Prime Minister Narendra Modi was hand in gloves with industrialist Gautam Adani. “The way Rahul Gandhi gives statements to sensationalise …

Opposition's 'nexus' jibe at PM Modi after Adani's US indictment, BJP counters
1 month ago

Opposition's 'nexus' jibe at PM Modi after Adani's US indictment, BJP counters

India Today  

Hours after the US prosecutors charged Gautam Adani with bribery and fraud, Congress reiterated its call for a Joint Parliamentary Committee probe into the transactions of the Adani group, and hit out at Prime Minister Narendra Modi, alleging an "internal nexus" between him and "his favourite businessman." Senior Congress leader Jairam Ramesh said the indictment of Gautam Adani and others …

Adani’s Sri Lanka port terminal project to get funding from U.S. government
1 year, 1 month ago

Adani’s Sri Lanka port terminal project to get funding from U.S. government

The Hindu  

November 08, 2023 03:39 pm | Updated 07:34 pm IST - COLOMBO The U.S. International Development Finance Corporation has announced a $553 million investment in the Adani Ports-led container terminal project in Colombo, less than a year after American financial research firm Hindenburg accused the Adani Group of pulling the “largest con in corporate history”. Addressing a media conference in …

'Indian elements colluding with foreign powers': Adani Group on MahuaGate
1 year, 2 months ago

'Indian elements colluding with foreign powers': Adani Group on MahuaGate

Op India  

On 16th October, the Adani Group released an official statement reiterating that some groups and individuals, both inside and outside India, have been engaged in a smear campaign to besmirch the repute and harm the interests of the Adani Group. In the official letter, the Adani group spokesperson highlighted the recent reports that indicate a “quid pro quo” between Member …

‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra
1 year, 2 months ago

‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra

The Hindu  

The Adani Group has reacted to the alleged 'cash for question' in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra, saying this development corroborates the conglomerate's recent statement where it said that "some groups and individuals have been working overtime to harm our name, goodwill and market standing." Bharatiya Janata Party MP Nishikant …

Adani power project in northern Sri Lanka to be completed by January 2025, says Minister
1 year, 5 months ago

Adani power project in northern Sri Lanka to be completed by January 2025, says Minister

The Hindu  

TheAdani Group’s renewable energy project in Mannar and Pooneryn in Sri Lanka’s Northern Province will be completed by January 2025, according to Minister of Power and Energy Kanchana Wijesekera. The commitment was given when Group Chairperson Gautam Adani met Sri Lankan President Ranil Wickremesinghe in New Delhi on July 21, the Minister said in a tweet. President Ranil Wickremesinghe to …

Congress alleges two offshore Adani-linked funds appeared to be on IT dept radar
1 year, 6 months ago

Congress alleges two offshore Adani-linked funds appeared to be on IT dept radar

The Hindu  

The Congress on May 30 alleged that two offshore Adani-linked funds appear to have been on the radar of Indian tax authorities since at least 2014 with no action evident other than one or two routine notices, as it reiterated that only a JPC can unearth the truth in the whole matter. The Congress cited a media report which claimed …

India's Rahul Gandhi accuses PM Modi of favoring Adani Group
1 year, 8 months ago

India's Rahul Gandhi accuses PM Modi of favoring Adani Group

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Congress accuses the Modi govt. of ‘lobbying’ for the Adani Group in Sri Lanka
1 year, 9 months ago

Congress accuses the Modi govt. of ‘lobbying’ for the Adani Group in Sri Lanka

The Hindu  

The Congress, quoting the recent interview of Sri Lankan Foreign Minister Ali Sabry with The Hindu, asked the Narendra Modi government on March 10 to explain the basis on which it identified the Adani Group for a “government-to-government” port project in Sri Lanka. 13 मार्च को संसद फिर शुरू होगी।हम जनहित के सवाल पूछना जारी रखेंगे।हो सकता है उन्हें भी …

Adani project is like a government-to-government deal, says Sri Lankan FM: Sri Lankan Foreign Minister Ali Sabry
1 year, 9 months ago

Adani project is like a government-to-government deal, says Sri Lankan FM: Sri Lankan Foreign Minister Ali Sabry

The Hindu  

Colombo sees the Adani projects in Sri Lanka as a “government to government kind of deal”, said Sri Lankan Foreign Minister MUM Ali Sabry, as it was the Indian government that had identified the Adani group for infrastructure projects including Northern Sri Lanka wind power project. Stressing that his government is “very very confident” that Adani Ports, Airports and Energy …

Congress questions govt over IOC's 'unfavourable' contract to hire Adani-owned port
1 year, 10 months ago

Congress questions govt over IOC's 'unfavourable' contract to hire Adani-owned port

India TV News  

Adani row: Amid a series of allegations, the Congress on Friday claimed that the Indian Oil Corporation has been importing LPG using the Adani-owned Gangavaram Port, instead of the government-run Visakhapatnam Port in order to provide an "unfavourable" contract to the business tycoon. Taking to the microblogging site, IOC, in response to TMC leader Mahua Moitra raising a stink of …

Rahul leads opposition charge against govt on Adani fortunes
1 year, 10 months ago

Rahul leads opposition charge against govt on Adani fortunes

Live Mint  

New Delhi: Congress leader Rahul Gandhi on Tuesday used the discussion on the President’s speech to attack the Centre over the sharp rise in the fortunes of the Adani Group, linking State foreign visits to global gains made by the tycoon, even as treasury benches hit back, asking for proof and blaming the Congress for past scams. And how many …

PM will do his best to avoid discussion on Adani Group: Rahul Gandhi
1 year, 10 months ago

PM will do his best to avoid discussion on Adani Group: Rahul Gandhi

The Hindu  

Prime Minister Narendra Modi will try his best to avoid a discussion on the Adani group, former Congress chief Rahul Gandhi said on Monday as his party questioned Mr. Modi’s ‘deafening silence’ while posing three fresh questions to him on the ‘Adani Group stick scam’. Keeping up the party’s attack on the Adani issue, Congress communication chief Jairam Ramesh posed …

India\'s image at stake due to Adani issue, says Mayawati
1 year, 10 months ago

India\'s image at stake due to Adani issue, says Mayawati

Deccan Chronicle  

Lucknow: The Adani episode will have long term impact on the country's economy and it is "unfortunate" that the government is not taking people of the country into confidence on the issue, BSP supremo Mayawati said on Sunday. The former Uttar Pradesh chief minister also asserted that India's image is at stake due to the issue. The image of India …

Adani eyes infrastructure ventures in Sri Lanka
3 years, 1 month ago

Adani eyes infrastructure ventures in Sri Lanka

The Hindu  

The Adani Group will explore infrastructure partnerships in Sri Lanka, apart from developing a Colombo Port terminal, chairman Gautam Adani said following meetings with President Gotabaya Rajapaksa and PM Mahinda Rajapaksa. In addition to developing Colombo Port’s Western Container Terminal, the Adani Group will explore other infrastructure partnerships. India’s strong bonds with Sri Lanka are anchored to centuries’ old historic …

Adani Group chairman Gautam Adani calls on Sri Lankan President
3 years, 1 month ago

Adani Group chairman Gautam Adani calls on Sri Lankan President

The Hindu  

Adani Group chairman Gautam Adani on Monday called on Sri Lankan President Gotabaya Rajapaksa in Colombo, weeks after his company sealed a deal with the state-owned Sri Lanka Ports Authority to develop and run the strategic Colombo Port’s Western Container Terminal. Ahmedabad-headquartered Indian multinational conglomerate Adani Group last month entered into an agreement with the Sri Lanka government owned Port …

Adani Ports confirms role in Colombo terminal project
3 years, 9 months ago

Adani Ports confirms role in Colombo terminal project

The Hindu  

In its first confirmation yet of investing in the Colombo Port, after much controversy within Sri Lanka and an apparent strain in Indo-Lanka ties, Adani Ports and Special Economic Zones on Monday said it was “bolstering” its global footprint with the West Container Terminal project in the island nation’s strategic port. It will launch decades of container growth.” ‘Compromise’ formula …

Adani Group set to develop Sri Lanka’s East Container Terminal in Colombo port
4 years, 1 month ago

Adani Group set to develop Sri Lanka’s East Container Terminal in Colombo port

Live Mint  

India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas. Adani Ports and Special Economic Zone Ltd. and a local partner received an in-principle approval to sign a deal with Sri Lanka Ports Authority, which will hold …

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