IHC Maintains Confidence In Adani Group Despite US Indictment Of Gautam Adani
Trending News
3 weeks, 4 days ago

IHC Maintains Confidence In Adani Group Despite US Indictment Of Gautam Adani

ABP News  

Abu Dhabi-based International Holding Co has reiterated its confidence in Adani Group, stating that its investment outlook remains unchanged following the indictment of billionaire Gautam Adani by US authorities. Last week, US prosecutors accused Adani, his nephew and executive director Sagar Adani, and Adani Green managing director Vneet S. Jaain of allegedly orchestrating a $265 million bribery scheme to secure Indian power supply contracts. IHC and a subsidiary of Adani Group also partnered last year to launch a technology joint venture aimed at digitising the Indian economy using artificial intelligence and enterprise blockchain products. Adani Green, the group company implicated in the US indictment, clarified in a statement on Wednesday that Gautam Adani faces potential civil monetary penalties for alleged securities law violations but has not been charged under the US Foreign Corrupt Practices Act.

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History of this topic

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

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
2 weeks, 6 days ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

Adani group stocks: Why Adani Green Energy shares will be in focus today
3 weeks ago

Adani group stocks: Why Adani Green Energy shares will be in focus today

India Today  

Shares of Adani Green Energy Ltd are expected to draw investor attention today following significant developments within the Adani group. Adani group’s Chief Financial Officer, Jugeshinder Singh, said that they may consider reviving their previously scrapped dollar bond between April and June next year. The group is also exploring the possibility of public bond sales for other firms within the …

How will bribery charges impact Adani?
3 weeks, 1 day ago

How will bribery charges impact Adani?

The Hindu  

The story so far: Last week, the U.S. Department of Justice charged two officials of a renewable energy company listed in the U.S. in connection with a bribery scheme allegedly perpetrated by Gautam Adani, chairman of the Adani Group, and his associates including his nephew Sagar Adani. Shares of various Adani Group companies dropped sharply; they have recovered most of …

U.S. indictment: Committed to ‘world-class’ compliance, says Gautam Adani
3 weeks, 2 days ago

U.S. indictment: Committed to ‘world-class’ compliance, says Gautam Adani

The Hindu  

Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. Gautam Adani indictment: In-depth coverage “Less than two weeks back, we faced a set of allegations from the U.S. about compliance …

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’
Trending News
3 weeks, 2 days ago

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’

Live Mint  

Adani Group Chairman Gautam Adani on Saturday, November 30, responded to the alleged bribery and fraud allegations against the conglomerate, saying that the legal matter involving the US Department of Justice is a challenge which the Group has faced "not for the first time". What I can tell you is that every attack makes us stronger and every obstacle becomes …

Gautam Adani on US indictment: ‘Every attack makes us stronger’
3 weeks, 2 days ago

Gautam Adani on US indictment: ‘Every attack makes us stronger’

Hindustan Times  

Billionaire industrialist Gautam Adani on Saturday responded to allegations against him by the United States prosecutors, saying “every attack makes him stronger”. Addressing the 51st Gem and Jewellery Awards in Jaipur, the Adani Group chairperson said,"As most of you would have read less than 2 weeks back, we faced a set of allegations from the US about compliance practises at …

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media
3 weeks, 2 days 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 …

'Every attack makes us stronger': Gautam Adani amid row over US indictment
Trending News
3 weeks, 2 days ago

'Every attack makes us stronger': Gautam Adani amid row over US indictment

India TV News  

In his first public address following recent allegations and a U.S. indictment, Gautam Adani, Chairman of the Adani Group, reiterated his company's resilience, declaring that "every attack makes us stronger." Speaking at the 51st Gems and Jewellery Awards on Saturday, Adani addressed the legal challenges his conglomerate is facing, following charges of securities fraud and violations of anti-bribery regulations related …

Adani Green, Adani Energy Solutions jump after F&O inclusion
3 weeks, 3 days ago

Adani Green, Adani Energy Solutions jump after F&O inclusion

Live Mint  

The inclusion of Adani Green Energy and Adani Energy Solutions in the futures and options segment of the National Stock Exchange drew huge participation from traders and investors, sending these two stocks soaring. Friday's outsized gains helped the shares of Adani Green Energy and Adani Energy Solutions contribute the most to investor wealth creation within the eleven Adani group's listed …

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’
Trending News
3 weeks, 3 days ago

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’

Live Mint  

Adani Group's chief financial officer on Friday, November 29, rejected US allegations that group executives, including Chairman Gautam Adani, were part of a $265 million bribery scheme. Adani CFO refutes bribery charges Singh also sought to allay concerns about the allegations' impact on the group's expansion plans. He said the allegations made in the US against Group chairman Gautam Adani …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
3 weeks, 3 days ago

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?

The Hindu  

Published : Nov 29, 2024 14:23 IST - 8 MINS READ In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. An ally …

Adani Group Stocks Surge; IHC, Global Partners Reaffirm Support Amid Allegations
3 weeks, 3 days ago

Adani Group Stocks Surge; IHC, Global Partners Reaffirm Support Amid Allegations

ABP News  

Shares of all 11 listed Adani Group companies rallied, led by Adani Green Energy, which soared nearly 15 per cent on the BSE. Market Performance Adani Green Energy shares rose 14.64 per cent, followed by Adani Energy Solutions, which surged 13.54 per cent. Other notable gainers included: Adani Total Gas: Up 7.33 per cent Adani Power: Up 4.90 per cent …

MEA denies reports of US summons for Gautam Adani, says 'no official request received'
Trending News
3 weeks, 3 days ago

MEA denies reports of US summons for Gautam Adani, says 'no official request received'

India TV News  

The Ministry of External Affairs on Friday dismissed media reports suggesting that US prosecutors had issued summons for Adani Group Chairman Gautam Adani and others in connection with an alleged bribery case. Adani Group denies bribery allegations Media reports surfaced alleging that Gautam Adani and other executives were named in a five-count criminal indictment unsealed by the United States District …

No request received from US on Adani case: MEA
Trending News
3 weeks, 3 days ago

No request received from US on Adani case: MEA

New Indian Express  

The Ministry of External Affairs has clarified that India has not received any prior communication from the United States regarding the legal proceedings involving the Adani Group and the US Department of Justice. "This is a legal matter involving private firms, individuals, and the US Department of Justice. According to the group, chairman Gautam Adani, his nephew Sagar Adani, and …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
3 weeks, 3 days ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms
3 weeks, 4 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, …

After GQG, Abu Dhabi's IHC backs Adani over US indictment
3 weeks, 4 days ago

After GQG, Abu Dhabi's IHC backs Adani over US indictment

Live Mint  

Mumbai: International Holding Company, the investment arm of Abu Dhabi's ruling family, emerged as the second major investor to affirm its faith in the Adani group after US federal prosecutors indicted Gautam Adani and others for allegedly bribing Indian government officials. The IHC spokesperson said, "Our partnership with the Adani Group reflects our confidence in their contributions to the green …

Adani allegations shine spotlight on India’s clean energy conundrum
3 weeks, 4 days ago

Adani allegations shine spotlight on India’s clean energy conundrum

The Hindu  

Published : Nov 28, 2024 11:22 IST - 4 MINS READ Bribery allegations against the Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in finding buyers for the power they generate. The challenges were stark in the case of Adani Green, India’s largest renewable energy company, which took over three years to strike …

Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged
3 weeks, 4 days ago

Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged

The Hindu  

International Holding Co's outlook on investments in India's Adani Group remains unchanged, the Abu Dhabi conglomerate said following the U.S. indictment of billionaire Gautam Adani. "Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said in a statement on Wednesday. Last week, U.S. authorities accused Mr. Adani, his nephew …

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi
Trending News
3 weeks, 4 days ago

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi

Hindustan Times  

New Delhi: Senior advocate and former attorney general of India Mukul Rohatgi on Wednesday said that neither Gautam Adani nor his nephew Sagar Adani has been named in charges related to bribery or obstruction of justice under the US Foreign Corrupt Practices Act. New Delhi, Nov 27 : Former Attorney General and Senior Counsel Mukul Rohatgi speaks to the media …

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh
3 weeks, 5 days ago

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh

Hindustan Times  

The Congress on Wednesday reiterated its demand for a probe into the alleged irregularities by industrialist Gautam Adani and his nephew Sagar following a criminal indictment and civil complaint by US prosecutors and regulators. Calling the clarification by Adani Green Energy, a subsidiary of the Adani Group, as nothing but “damage control through denial”, Congress general secretary Jairam Ramesh said …

'Incorrect and reckless reporting': Adani Group refutes allegations against Gautam Adani, his nephew Sagar Adani and Vneet Jaain, says no FCPA charges
Top News
3 weeks, 5 days ago

'Incorrect and reckless reporting': Adani Group refutes allegations against Gautam Adani, his nephew Sagar Adani and Vneet Jaain, says no FCPA charges

Op India  

Amidst continuous attacks by the opposition parties over the indictment of Adani Group chairman Gautam Adani, his nephew Sagar Adani and over allegations of bribery in a New York district court, Adani Group refuted the misleading reporting done in media and by some political parties. “Media articles which state that certain of our directors namely Gautam Adani, Sagar Adani and …

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
3 weeks, 5 days ago

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations

ABP News  

Shares of Adani Group companies saw a significant rally during morning trade on Wednesday, recovering from the losses incurred the previous day. Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate. Adani Power climbed 5.96 per cent, Adani Total Gas rose 4.70 per …

Mukul Rohatgi, Mahesh Jethmalani defend Gautam Adani, Sagar Adani over US bribery charges, slam Opposition
Top News
3 weeks, 5 days ago

Mukul Rohatgi, Mahesh Jethmalani defend Gautam Adani, Sagar Adani over US bribery charges, slam Opposition

Hindustan Times  

The Adani Group on Wednesday strongly denied allegations of bribery and violations of the US Foreign Corrupt Practices Act against its chairman Gautam Adani, his nephew Sagar Adani, and key executive Vneet Jaain in a case filed by the US Department of Justice. The company clarified that its chairman Gautam Adani, Sagar Adani, and Vneet Jaain have not been charged …

Adani Green Energy Refutes Bribery Charges Against Gautam Adani And Executives
3 weeks, 5 days ago

Adani Green Energy Refutes Bribery Charges Against Gautam Adani And Executives

ABP News  

In the latest response to the allegations against the Adani Group, Adani Green Energy Ltd issued a clarification on Wednesday, stating that there is no charges of bribery against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain by the US Department of Justice. “Media articles stating that our directors Gautam Adani, Sagar Adani, and Vneet Jaain have been charged …

Gautam Adani not charged with FCPA, only securities violations involving penalties: Adani Green
3 weeks, 5 days ago

Gautam Adani not charged with FCPA, only securities violations involving penalties: Adani Green

The Hindu  

Adani Green Energy chairman Gautam Adani and other employees have not been charged for bribery or any violations of the U.S. Foreign Corrupt Practices Act, the company said on Wednesday, in its first counter to the U.S. Court indictment and the civil charges pressed by the American market regulator that became public on November 21, 2024. The U.S. Court indictment …

Adani Group says it lost nearly $55 billion since US indictment: Report
3 weeks, 5 days ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Ex-attorney general Mukul Rohatgi ‘clears air’ on bribery charges against Adani
Trending News
3 weeks, 5 days ago

Ex-attorney general Mukul Rohatgi ‘clears air’ on bribery charges against Adani

Hindustan Times  

Senior advocate and former attorney general Mukul Rohatgi on Wednesday addressed the media to clarify allegations against Adani Group chairman Gautam Adani, his nephew Sagar Adani, and others, stemming from a criminal indictment and civil complaint by US prosecutors and regulators. Meanwhile, Adani Green Energy Ltd. on Wednesday morning filed an official response to stock exchanges under SEBI regulations, refuting …

Adani Group refutes US allegations of bribery charges against Gautam Adani, Sagar Adani, and other executives
Top News
3 weeks, 5 days ago

Adani Group refutes US allegations of bribery charges against Gautam Adani, Sagar Adani, and other executives

Live Mint  

Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain have been cleared of any bribery charges, according to the US Department of Justice. In response to growing controversy over corruption allegations, Adani Green Energy Ltd issued a clarification on November 27, stating that the charges against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain, as outlined by …

Gautam Adani, nephew Sagar Adani not charged under US FCPA: Adani Green
3 weeks, 5 days ago

Gautam Adani, nephew Sagar Adani not charged under US FCPA: Adani Green

Hindustan Times  

The Adani Group on Wednesday said its chairman and billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the United States Foreign Corrupt Practices Act in the bribery case indictment filed by US authorities. REUTERS/FILE The US Department of Justice has charged Gautam Adani, founder and chairman of the Adani Group, along with …

No bribery charges against Gautam Adani, nephew in US indictment: Adani Green
3 weeks, 5 days ago

No bribery charges against Gautam Adani, nephew in US indictment: Adani Green

India Today  

Adani Green Energy Ltd has issued a statement clarifying that Gautam Adani, Sagar Adani, and senior executive Vneet Jaain have not been charged with violations of the US Foreign Corrupt Practices Act. These directors have been charged on three counts in the criminal indictment namely alleged securities fraud conspiracy, alleged wire fraud conspiracy, and alleged securities fraud," said the statement …

Bribery case: What are the legal options for Adani? Key questions answered
3 weeks, 5 days ago

Bribery case: What are the legal options for Adani? Key questions answered

India Today  

The Adani Group on Wednesday said its chairperson Gautam Adani has not been charged with corruption by the US prosecutors in the bribery case but faces three other counts, including securities and wire fraud. If the accused are located outside the US, the authorities have several options: Extradition: The US can request that India extradite the individuals based on the …

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment
3 weeks, 5 days ago

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment

New Indian Express  

NEW DELHI: Former Attorney General of India and Senior Counsel Mukul Rohatgi on Wednesday said that industrialist Gautam Adani, along with his nephew Sagar Adani, have not been named in key bribery or obstruction of justice charges in the indictment filed by United States prosecutors in a bribery case. Earlier today, the Adani Group Energy Limited refuted bribery allegations made …

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 weeks, 5 days ago

Adani Group shares rally after clarification on US bribery charges. Is the worst over?

India Today  

Adani Group shares surged on Wednesday, rallying by up to 20% after a clarification from Adani Green Energy addressed concerns related to US bribery charges. Other group companies, including Adani Green Energy, Adani Energy Solutions, Adani Ports and Special Economic Zone, and Adani Wilmar, saw gains ranging from 8% to 10%. The rally followed a statement from Adani Green Energy …

Adani ‘bribery’ case: Andhra Pradesh likely to suspend Adani Group’s power supply deal
Top News
3 weeks, 6 days ago

Adani ‘bribery’ case: Andhra Pradesh likely to suspend Adani Group’s power supply deal

Live Mint  

NEW DELHI, Nov 26 - India's Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the U.S. indictment of the group's billionaire founder Gautam Adani over an alleged bribery scheme, two state government sources said. The southern state will ask the federal government and the Solar Energy Corporation of India, which awards …

Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?
Top News
3 weeks, 6 days ago

Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?

Live Mint  

The Andhra Pradesh state government is reviewing official files and will explore if there is a possibility of cancelling a power supply contract linked to the Adani Group, reported the news agency Reuters, quoting Finance Minister of the State, Payyavula Keshav, on November 26. The indictment release from the US authorities also said that after payment of the alleged bribes …

Adani Group deals at risk: How countries have reacted after bribery charges
3 weeks, 6 days 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 standoff forces Houses to adjourn on Day 1 of session
3 weeks, 6 days ago

Adani standoff forces Houses to adjourn on Day 1 of session

Hindustan Times  

The Congress-led Opposition forced adjournments in both Houses of Parliament on the opening day of the winter session on Monday over bribery allegations against the Adani Group but a standoff on this issue might not last long as other INDIA bloc constituents are keen to focus on more pressing issues. A senior Congress leader said the party is unlikely to …

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why
Trending News
4 weeks ago

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why

Live Mint  

GQG Partners, one of the biggest foreign institutional investors in Adani Group, decided not to sell its stake in the conglomerate. According to the disclosure, the American investment giant has a total exposure of $9.7 billion to the Adani Group of companies on a total asset base of $158.6 billion, marking up to 6.1 per cent of the company's total …

Bribery Scheme: More trouble for Adani Group as partners, investors review ties
4 weeks ago

Bribery Scheme: More trouble for Adani Group as partners, investors review ties

New Indian Express  

The Adani Group is facing escalating challenges after being criminally indicted by a US federal court last week on corruption charges. In further bad news for the Ahmedabad-based conglomerate, its largest foreign investor, France’s Total Energies, announced on Monday that it will halt any new financial contributions to Adani Group companies. In a statement issued on Monday, Total Energies said: …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
4 weeks, 1 day ago

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani

Live Mint  

A fresh plea has been filed in the Supreme Court seeking an inquiry into the indictment of Adani group founder and chairman Gautam Adani, who has been charged in the US for alleged bribery and fraud. The US Department of Justice has accused Gautam Adani of being part of an elaborate scheme to pay $265 million bribe to Indian officials …

Gautam Adani, nephew Sagar Adani summoned by US SEC in bribery case: ‘If you fail to respond…’
4 weeks, 1 day ago

Gautam Adani, nephew Sagar Adani summoned by US SEC in bribery case: ‘If you fail to respond…’

Hindustan Times  

Gautam Adani indicted: Gautam Adani of the Adani group and his nephew Sagar Adani have been summoned to explain their stand on the US Securities and Exchange Commission allegation of paying USD 265 million in bribes to secure lucrative solar power contracts, news agency PTI reported. Adani group faces bribery allegations, denies charges Gautam Adani, 62, and seven others, including …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 weeks, 1 day ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

US bribery charges linked to only one contract, comprises 10% of business: Adani Group CFO
Top News
1 month ago

US bribery charges linked to only one contract, comprises 10% of business: Adani Group CFO

Live Mint  

A US bribery indictment of billionaire industrialist Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, said the conglomerate's chief financial officer on Saturday, November 23. Adani Group CFO defends conglomerate against bribery charges CFO Jugeshinder Singh …

U.S. SEC summons Gautam Adani, nephew Sagar in bribery case
1 month ago

U.S. SEC summons Gautam Adani, nephew Sagar in bribery case

The Hindu  

Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the U.S. Securities and Exchange Commission allegation of paying $265 million in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the same city for …

Adani Group CFO on US indictment: 'None of portfolio companies subject to any legal case'
1 month ago

Adani Group CFO on US indictment: 'None of portfolio companies subject to any legal case'

Hindustan Times  

Two days after Adani Group chairperson Gautam Adani was indicted on bribery charges in the US, the conglomerate's CFO, Jugeshinder Robbie Singh, said that none of Adani Group portfolio companies have been accused of any wrongdoing. “Adani Group has a portfolio of 11 public companies and none are subject to indictment,” Singh wrote. The Adani Family has 11 listed entities …

None of Adani portfolio firms subject to any legal case: Group CFO
1 month ago

None of Adani portfolio firms subject to any legal case: Group CFO

The Hindu  

None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate's CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani's indictment on bribery charges in the US. The Securities and Exchange Commission of the US has also charged Mr. Adani and Mr. Sagar Adani, executives of Adani Green Energy Ltd and Cyril …

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