Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers
4 months, 1 week ago

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers

India Today  

YSRCP leader Chevireddy Bhaskar Reddy slammed former Andhra Pradesh power minister Balineni Srinivas Reddy for his baseless comments against Jagan Mohan Reddy. BALINENI BLAMES JAGAN REDDY Balineni, who quit the YSRCP on September 18 and later joined the Jana Sena Party, recently accused party president and former chief minister YS Jagan Mohan Reddy of wrongdoing. Chavireddy made similar arguments, saying: “While Chandrababu made the power purchase agreement at Rs 4.5 per unit, YS Jagan Mohan Reddy’s government brought it down to Rs 2.45, which is 50 per cent less. This was done to provide quality power at a cheaper rate and to get more revenue for the state.” “He should not be talking ill of the family that has given him a political career and if this is being done to win the favour of someone else, it is not a good sign,” Chavireddy said, adding: “Despite all forces coming together in a bid to character assassinate him, our leader YS Jagan Mohan Reddy will come clean.” Balineni is Jagan Reddy’s relative and was Andhra Pradesh Minister of Energy, Forest and Environment, Science & Technology from April 2019 to June 2022.

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History of this topic

Can’t cancel deal with Adani sans evidence: Naidu
2 months, 4 weeks ago

Can’t cancel deal with Adani sans evidence: Naidu

Hindustan Times  

Hyderabad: Andhra Pradesh chief minister N Chandrababu Naidu has said his government cannot unilaterally cancel solar power purchase agreements signed by the previous administration, despite a US federal bribery indictment against billionaire Gautam Adani and his company over allegations connected to the contract. Naidu cited legal complexities surrounding the 7,000-megawatt solar power contract signed with the Solar Energy Corporation of …

Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu
2 months, 4 weeks ago

Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu

Hindustan Times  

Amaravati, Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government cannot scrap power purchase agreements with the Solar Energy Corporation of India without obtaining solid proof of bribery allegations. Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu The Chief Minister’s comments assume significance in the backdrop of Adani being indicted by the …

Chandrababu Naidu says action only after 'concrete proof' in Adani case: Sources
2 months, 4 weeks ago

Chandrababu Naidu says action only after 'concrete proof' in Adani case: Sources

India Today  

Andhra Pradesh Chief Minister N Chandrababu Naidu has stressed that more proof was needed to take concrete action in connection with bribery allegations involving Adani Green Energy Ltd and the previous YS Jagan Mohan Reddy government, sources said. The allegations stem from court filings by the US Securities and Exchange Commission, which mentions an alleged meeting between Gautam Adani and …

CPI urges CM Naidu to cancel 7000 MW SECI deal over alleged Adani bribery claims
3 months, 1 week ago

CPI urges CM Naidu to cancel 7000 MW SECI deal over alleged Adani bribery claims

New Indian Express  

VIJAYAWADA: CPI State secretary K Ramakrishna, along with assistant secretary M Nageswara Rao, met Chief Minister N Chandrababu Naidu on Thursday, and urged him to cancel the agreement for 7000 MW with Solar Energy Corporation of India. According to the press release issued by CPI, the Chief Minister had told the CPI leaders that the government would take a legal …

State govt doesn’t have info on Adani’s TN visit: RTI reply
3 months, 2 weeks ago

State govt doesn’t have info on Adani’s TN visit: RTI reply

Hindustan Times  

The Tamil Nadu government on Wednesday said it does not have information regarding Adani Group’s founder- chairman Gautam Adani’s visit to Chennai in July in response to an RTI query regarding officials the industrialist in the city, people familiar with the matter said. A Chennai-based anti-corruption organisation, Arappor Iyakkam, had filed the RTI on December 10 addressed to the directorate …

Adani deal under bribery scrutiny was approved against officials’ advice
3 months, 2 weeks ago

Adani deal under bribery scrutiny was approved against officials’ advice

Live Mint  

The approach from the Solar Energy Corporation of India on Sept. 15, 2021 came out of the blue. Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had no short-term need for solar power, and should focus on other renewables that could provide 24-hour energy. But just a day after SECI approached the state …

Adani deal under bribery scrutiny was approved against officials’ advice
3 months, 2 weeks ago

Adani deal under bribery scrutiny was approved against officials’ advice

The Hindu  

The approach from the Solar Energy Corporation of India on September 15, 2021 came out of the blue. Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the State had no short-term need for solar power, and should focus on other renewables that could provide 24-hour energy. The news agency spoke to a former State power …

India's solar energy agency changes bidding policy after Adani bribery allegations, says source
3 months, 2 weeks ago

India's solar energy agency changes bidding policy after Adani bribery allegations, says source

The Hindu  

An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. SECI, which selects renewable energy producers for projects through bids and then signs deals with power buyers, said last month …

Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu
3 months, 2 weeks ago

Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu

New Indian Express  

VIJAYAWADA: CPI State secretary K Ramakrishna on Saturday wrote a letter to Chief Minister N Chandrababu Naidu, urging him to find ways to cancel the agreement for 7000 MW with Solar Energy Corporation of India. In the letter, he stated that when it was crystal clear from the reports of intelligence agencies in the USA that Adani Group bribed former …

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media
4 months ago

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media

India TV News  

Former Andhra Pradesh Chief Minister and YSR Congress Party president YS Jagan Mohan Reddy has strongly denied any involvement in the ongoing controversy surrounding the Adani Group, following allegations of a bribery scheme linked to the company. Reddy emphasised that the issue began with SECI’s letter to the Andhra Pradesh government offering the cheapest power procurement deal in the state’s …

Adani Power: Former CM Jagan Reddy to serve defamation notices to media houses
4 months ago

Adani Power: Former CM Jagan Reddy to serve defamation notices to media houses

Deccan Chronicle  

Vijayawada: Reacting to the alleged Andhra Pradesh link in the Gautam Adani matter and his statement that third parties like Adani were not involved in the deed, former Andhra Pradesh Chief Minister and YSRCP chief YS Jagan Mohan Reddy asked how he could be involved and said that it is originated with Solar Energy Corporation of India Limited. He further …

Andhra Pradesh: No Graft in Solar PPAs Through SECI, Says Jagan
4 months ago

Andhra Pradesh: No Graft in Solar PPAs Through SECI, Says Jagan

Deccan Chronicle  

Vijayawada: Former chief minister Y.S. Affirming that the PPA was between SECI and the state government at the cheapest price of Rs 2.49 per unit, he accused certain sections of the Telugu media of spreading false narratives to tarnish the image of his previous government. I will take legal recourse and file for Rs 100 crore damages if they do …

Adani ‘bribery’ case: Ex-Andhra CM Jagan Reddy refutes allegations, says ’somebody should be a fool to name me...’
4 months ago

Adani ‘bribery’ case: Ex-Andhra CM Jagan Reddy refutes allegations, says ’somebody should be a fool to name me...’

Live Mint  

Former Chief Minister of Andra Pradesh YS Jagan Mohan Reddy on Thursday strongly refuted the allegations that the Adani Group paid bribes to state officials for solar power purchases during his party-led government, reported PTI on November 28. Earlier, after the controversy broke out over the allegations, Reddy said that he met the Adanis multiple times during his tenure as …

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal
Trending News
4 months ago

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal

India Today  

Andhra Pradesh chief minister N. Chandrababu Naidu is in a dilemma about how the state should respond to the US Justice Department’s indictment of billionaire Gautam Adani in an alleged $250 million scam in India. At the centre of the allegations is a $200 million bribe linked to a 7,000 MW power purchase agreement —described as one of the largest …

Jagan Reddy defends SECI power deal, threatens legal action on media allegations
4 months ago

Jagan Reddy defends SECI power deal, threatens legal action on media allegations

India Today  

YSR Congress Party president and former Chief Minister YS Jagan Mohan Reddy strongly defended the power sale agreement with the Solar Energy Corporation of India and dismissed the recent media allegations against him. While speaking in Tadepalli, Andhra Pradesh, on Thursday, he stated that the deal, which involves the purchase of power at Rs 2.49 per unit, was between the …

Adani deal: Complaint lodged against Jagan, others
4 months ago

Adani deal: Complaint lodged against Jagan, others

New Indian Express  

VIJAYAWADA: Centre for Liberty president Nalamotu Chakravarthy complained to the ACB DG in Vijayawada on Tuesday against former Chief Minister YS Jagan Mohan Reddy, Gautam Adani of Adani Group, former Energy Minister Balineni Srinivasa Reddy, former Energy Secretary N Srikanth and others involved in the alleged multi-crore Power Purchase Agreement scam. Given the accusations against the former CM of accepting …

CFL wants ACB to probe Jagan in Adani bribe scam
4 months ago

CFL wants ACB to probe Jagan in Adani bribe scam

Deccan Chronicle  

VIJAYAWADA: Centre for Liberty founder Nallamothu Chakravarthy has filed a complaint with the Anti-Corruption Bureau seeking a probe against former chief minister Y.S. In addition to the ex-CM, CFL also wanted an inquiry into Gautam Adani – chairman of Adani Group, N. Srikanth – former energy secretary, Balineni Srinivasa Reddy – former energy minister and other persons that ACB may …

Adani bribery case: Andhra minister says checking if power deals can be scrapped
4 months ago

Adani bribery case: Andhra minister says checking if power deals can be scrapped

India Today  

Andhra Pradesh is reviewing government files to explore the possibility of scrapping a power supply contract linked to the Adani Group, Reuters reported. The development comes in the wake of a New York court indicting Adani Group chairperson Gautam Adani and seven others for promising USD 265 million in bribes to states, including Andhra Pradesh, to obtain contracts. Finance Minister …

Balineni vs Chevireddy: Sparks fly over accusations pertaining to Adani deal
4 months ago

Balineni vs Chevireddy: Sparks fly over accusations pertaining to Adani deal

New Indian Express  

ONGOLE: Former energy minister and current Jana Sena Party leader Balineni Srinivasa Reddy minced no words in issuing a strong warning to his former party, the YSR Congress Party, for crossing the line by alleging that he signed a deal with the Solar Energy Corporation of India in connection with bribery allegations involving the Adani Group and the previous dispensation. …

Jagan Reddy's party defend SECI deal, dismisses Adani link allegations as baseless
4 months, 1 week ago

Jagan Reddy's party defend SECI deal, dismisses Adani link allegations as baseless

India Today  

Former minister Kakani Govardhan Reddy defended the YSR Congress party government’s power purchase policies, asserting that all transactions were conducted transparently with the Solar Energy Corporation of India, a central government entity, and not with the Adani Group as alleged by opposition parties. Speaking to the media, Reddy stated that the YS Jagan Mohan Reddy-led government had purchased power at …

Chevireddy criticizes Balineni for remarks against Jagan
4 months, 1 week ago

Chevireddy criticizes Balineni for remarks against Jagan

Deccan Chronicle  

Kurnool: YSRC leader Chevireddy Bhaskar Reddy criticised former minister Balineni Srinivas Reddy on Sunday, describing his remarks as baseless and intended to please specific interests. Jagan Mohan Reddy government’s achievement in reducing power purchase costs from ₹4.50 per unit during Chandrababu Naidu’s tenure to ₹2.45 per unit—a 50 per cent reduction. Refuting Balineni’s claims of being uninvolved in the SECI …

Jagan Reddy embroiled in Adani bribery case: Timeline of meetings, power purchase
4 months, 1 week ago

Jagan Reddy embroiled in Adani bribery case: Timeline of meetings, power purchase

India Today  

The United States Securities and Exchange Commission has alleged that Gautam Adani personally met with the then Chief Minister of Andhra Pradesh, Jagan Mohan Reddy, in August 2021, and discussed the matter of the power supply agreement and the `incentives” needed to make the state government enter into a deal for purchase of 7,000 MW of power. KEY ALLEGATIONS AND …

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani
4 months, 1 week ago

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani

Firstpost  

SECI holds Navratna status, a designation granted by the Government of India to PSUs for exceptional performance. This gives SECI with greater financial and operational autonomy to make decisions, invest, and expand operations without extensive government approvals SECI is a Navratna PSU at the heart of the US indictment against Gautam Adani. Image sources: Pixabay/Wikimedia Commons The Solar Energy Corporation …

Jagan Mohan Reddy made Andhra an Adani state: YS Sharmila
4 months, 1 week ago

Jagan Mohan Reddy made Andhra an Adani state: YS Sharmila

Deccan Chronicle  

Hyderabad: Andhra Pradesh Congress Committee President YS Sharmila slammed the former Andhra Chief Minister Jagan Mohan Reddy, questioning him for receiving alleged bribes in deals that he made with the Adani group during his tenure and accusing him of giving Andhra as a blank cheque to Adani. "Adani has insulted the country and Jagan Mohan Reddy has insulted Andhra Pradesh. …

Gautam Adani bribery case: No direct agreement involved, says Jagan Reddy’s YSRCP over charges of power purchase
4 months, 1 week ago

Gautam Adani bribery case: No direct agreement involved, says Jagan Reddy’s YSRCP over charges of power purchase

Live Mint  

Gautam Adani bribery case: The YSR Congress party has said that its government in Andhra Pradesh had no direct agreement with Adani Group. Former chief minister Jagan Mohan Reddy-led party's reaction came in response to Adani Group getting indicted by the US Department of Justice for allegedly paying bribes for solar power contracts in Andhra Pradesh during YSRCP rule. In …

Will assess, act on alleged Jagan Reddy-Adani bribery link: Chandrababu Naidu
4 months, 1 week ago

Will assess, act on alleged Jagan Reddy-Adani bribery link: Chandrababu Naidu

India Today  

Andhra Pradesh Chief Minister Chandrababu Naidu on Friday addressed the US allegations of bribery involving the Adani Group and the erstwhile YS Jagan Mohan Reddy regime, saying his government will "assess the situation" and take action based on the evidence. The allegations stem from court filings by the US Securities and Exchange Commission, which claim that industrialist Gautam Adani met …

Adani met Jagan Reddy in 2021, promised bribes, says US regulator
4 months, 1 week ago

Adani met Jagan Reddy in 2021, promised bribes, says US regulator

India Today  

The United States Securities and Exchange Commission has alleged that Gautam Adani met then Andhra Pradesh Chief Minister Jagan Mohan Reddy in August 2021 to address the state's reluctance to sign an agreement with the government-run Solar Energy Corporation of India. However, Jagan Reddy's party, which was in power between 2019-2024, said its government had no "direct agreement" with the …

Jagan Reddy turned Andhra into Adani Rashtra: YS Sharmila takes aim at brother
4 months, 1 week ago

Jagan Reddy turned Andhra into Adani Rashtra: YS Sharmila takes aim at brother

India Today  

In a no-holds-barred attack, Congress leader YS Sharmila accused former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday of corruption in connection with allegations of bribery involving industrialist Gautam Adani. "If Adani is defaming India, Jagan Mohan Reddy is defaming Andhra Pradesh," Sharmila said at a press conference. Sharmila also claimed that Jagan Mohan Reddy handed key infrastructure …

MK Stalin's DMK government in Tamil Nadu rejects Adani bribe allegations, demands probe amid political fallout - Tamil Nadu News
4 months, 1 week ago

MK Stalin's DMK government in Tamil Nadu rejects Adani bribe allegations, demands probe amid political fallout - Tamil Nadu News

India Today  

The DMK government in Tamil Nadu has denied any direct ties to the Adani group following allegations in a US court that the conglomerate promised bribes to Indian government officials between July 2021 and February 2022. Tamil Nadu Electricity Minister Senthil Balaji clarified that the state’s power department has not entered into any direct agreements with the Adani group since …

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ
4 months, 1 week ago

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ

Deccan Chronicle  

Hyderabad:Tremors of the alleged bribery scam involving top industrialist Gautam Adani were felt in Andhra Pradesh with the previous Y.S. The US Department of Justice has disclosed that a high-ranking official in AP who served between May 2019 and June 2024 was offered “a corrupt payment of Rs 1,750 crore in exchange of the official causing distribution companies to agree …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
Trending News
4 months, 1 week ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. Gautam Adani and Jagan Mohan Reddy SECI is a public sector entity and arm of the Indian government responsible for implementing Centre schemes related to renewable energy, including funding large solar projects. According to …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
4 months, 1 week ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. The meeting was about the fact that the southern state had not entered into a power supply agreement with the Solar Energy Corporation of India and the “incentives” needed to cause Andhra Pradesh to …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
4 months, 1 week ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. Gautam Adani and Jagan Mohan Reddy SECI is a public sector entity and arm of the Indian government responsible for implementing Centre schemes related to renewable energy, including funding large solar projects. According to …

Gaudam Adani indictment: Former A.P. CM Jagan Mohan Reddy accused of taking ₹1,750 crore for power purchase deal
4 months, 1 week ago

Gaudam Adani indictment: Former A.P. CM Jagan Mohan Reddy accused of taking ₹1,750 crore for power purchase deal

The Hindu  

The Power Supply Agreements by Andhra Pradesh’s electricity distribution companies are under scanner in the $265 million bribery case unearthed by the U.S. The indictment statement by the U.S. Securities and Exchange Commission has accused the Adani Group of bribing former Andhra Pradesh Chief Minister Y.S. In August 2021, Gautam Adani met with the Chief Minister of A.P., about the …

If Adani company 'bribed' officials in India, what is the US probe all about?
4 months, 1 week ago

If Adani company 'bribed' officials in India, what is the US probe all about?

India Today  

Adani Group chairperson Gautam Adani was among eight people indicted by US prosecutors for allegedly paying Rs 2,029 crore in bribes to officials for solar power contracts in four Indian states and one union territory. Gautam Adani, Sagar and six others have been indicted for allegedly paying bribes to officials in India for securing solar power contracts with state electricity …

Gautam Adani Devised Bribery Scheme To Make Indian Govt Entity Buy Solar Power From His Company: US Dept Of Justice
4 months, 1 week ago

Gautam Adani Devised Bribery Scheme To Make Indian Govt Entity Buy Solar Power From His Company: US Dept Of Justice

Live Law  

According to the charges filed by the United States Department of Justice in a U.S. court, Gautam Adani, along with others, orchestrated a million-dollar bribery scheme in the USA to bribe Indian government officials. Therefore, Gautam Adani, along with Adani company executives Sagar Adani & Vneet Jaain, and certain other officials of the US company, devised a scheme to bribe …

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu
4 months, 1 week ago

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu

India Today  

Four states and one Union Territory are in focus following the US indictment of Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. The prosecutors have alleged that the Adani Group paid USD 265 million in bribes, with a large chunk directed at officials in Andhra Pradesh, to secure contracts with …

SECI, the central PSU at heart of Adani bribery allegations
4 months, 1 week ago

SECI, the central PSU at heart of Adani bribery allegations

New Indian Express  

NEW DELHI: Solar Energy Corporation of India, the company at the heart of the Adani group bribery scandal in the US, is a central PSU ‘dedicated to the development and expansion of Renewable Energy capacity in India’. A US district court has found that Adani Green Energy had signed a Power Purchasing Agreement with SECI, under which the Adani Group …

US complaint says Adani met and promised Rs 1750 crore bribe to Jagan Mohan Reddy; YSRCP calls it 'incorrect'
4 months, 1 week ago

US complaint says Adani met and promised Rs 1750 crore bribe to Jagan Mohan Reddy; YSRCP calls it 'incorrect'

New Indian Express  

‘Bribe prompted AP Discoms to purchase power from SECI’ "In August 2021, Gautam Adani met the Chief Minister of Andhra Pradesh about the fact that Andhra Pradesh had not entered into a Power Supply Agreement with SECI and the “incentives” needed to cause Andhra Pradesh to do so. At or in connection with that meeting, Gautam Adani paid or promised …

No business dealings with Adani Group, only SECI: Tamil Nadu power minister
4 months, 1 week ago

No business dealings with Adani Group, only SECI: Tamil Nadu power minister

India Today  

Power minister Senthil Balaji clarified that for the past three years, there was no business relationship between DMK-led state government’s Tamil Nadu Electricity Board and the Adani Group. According to Balaji, Tamil Nadu signed a power agreement only with the Solar Energy Corporation of India Limited, which is a central government entity. Speaking to reporters in Karur, Balaji stated: “Keeping …

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