Indian-origin Sanjay Wadhwa of SEC to lead probe against Adani Group over bribery indictment: All you need to know
4 months ago

Indian-origin Sanjay Wadhwa of SEC to lead probe against Adani Group over bribery indictment: All you need to know

Live Mint  

Indian-origin Sanjay Wadhwa, currently serving as the Acting Director of the US Securities and Exchange Commission’s Division of Enforcement, is reportedly spearheading the investigation into the recent allegations of bribery and fraud involving billionaire industrialist Gautam Adani, his nephew Sagar Adani, and other executives of the multinational Adani Group of companies. US bribery indictment scandal against Gautam Adani Gautam Adani was allegedly indicted in New York, US, over his role in the multibillion-dollar bribery and fraud scheme. In the indictment unsealed by federal prosecutors in New York, Adani, 62, was charged with securities fraud, conspiracy to commit securities fraud, and wire fraud. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with conspiracies to commit securities and wire fraud and substantive securities fraud for their roles in a multi-billion-dollar scheme to obtain funds from US investors and global financial institutions based on false and misleading statements," said a statement from US Attorney's Office, Eastern District of New York.

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History of this topic

India to deliver US summons to Adani for alleged bribe
2 weeks, 1 day ago

India to deliver US summons to Adani for alleged bribe

Live Mint  

The Indian government has asked a local court to deliver a summons issued by the US Securities and Exchange Commission to billionaire Gautam Adani over alleged securities fraud and a $265 million bribery scheme, according to a letter seen by Reuters. The summons, which was issued under Hague Service Convention that does not allow the serving of legal documents directly …

Adani Group revives US investment plans: Reports
3 weeks, 5 days ago

Adani Group revives US investment plans: Reports

Live Mint  

India's Adani Group has revived plans for major infrastructure investments in the US, where the group's founder has been charged with bribery, the Financial Times reported on Sunday. Since the election of President Donald Trump, the conglomerate has reactivated potential plans to fund projects in sectors such as nuclear power and utilities, as well as an East Coast port, the …

US Congressmen question Adani indictment, warn it will strain ties with India
1 month, 2 weeks ago

US Congressmen question Adani indictment, warn it will strain ties with India

Op India  

On 10th February, six US Congressmen wrote to newly appointed Attorney General Pamela Bedi, questioning the Department of Justice’s indictment of the Adani Group in an alleged bribery scandal. The Congressmen wrote, “There is no compelling reason to pursue a case in a manner that could complicate relations with an ally like India unless some external factors were at play.” …

Adani appoints independent law firms to review U.S. indictment
2 months ago

Adani appoints independent law firms to review U.S. indictment

The Hindu  

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. "The company, in discussion with Adani group management, has appointed independent law firms to perform independent review" in the …

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe
2 months, 2 weeks ago

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe

Hindustan Times  

Republican lawmaker Lance Gooden has slammed the Joe Biden administration for investigating Indian billionaire Gautam Adani, warning it could strain key alliances. Lance Gooden, in a letter to US attorney general Merrick B Garland, questioned, “What will the US do if India refuses an extradition request?” The Congressman has sought answers on the justice department's ‘selective actions’ against foreign entities, …

Civil, criminal cases against Gautam Adani, others related, assigned to one judge: Court order
2 months, 3 weeks ago

Civil, criminal cases against Gautam Adani, others related, assigned to one judge: Court order

Deccan Chronicle  

New York: A New York court has ordered that the criminal and civil cases filed against Indian billionaire Gautam Adani and others in a bribery scheme are related and will be assigned to the judge overseeing the criminal case.The order available on the court website of the US District Court Eastern District of New York says that in consultation with …

U.S. case against India's Gautam Adani appears strong but extradition unlikely, experts say
3 months, 1 week ago

U.S. case against India's Gautam Adani appears strong but extradition unlikely, experts say

The Hindu  

The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon. Federal prosecutors in Brooklyn last month unsealed an indictment accusing Mr. Adani of bribing Indian officials to convince them to buy …

Can Indian billionaire Gautam Adani be tried in the US for India ‘crimes’?
3 months, 3 weeks ago

Can Indian billionaire Gautam Adani be tried in the US for India ‘crimes’?

Al Jazeera  

The recent allegations by US prosecutors highlight jurisdictional complexities of charging a person living in another country with an alleged crime committed there. The United States Securities and Exchange Commission has accused Adani and others of conspiring to pay about $265m in bribes to Indian government officials to obtain contracts and develop India’s largest solar power plant project. “This is …

Adani indictment is a ‘legal matter’ between pvt entities and US:MEA
3 months, 4 weeks ago

Adani indictment is a ‘legal matter’ between pvt entities and US:MEA

Hindustan Times  

NEW DELHI: India on Friday said the indictment of Indian tycoon Gautam Adani by US prosecutors is a “legal matter” involving private entities and individuals and the US Department of Justice, and the Indian side has not yet received any official request for cooperation. The comments by external affairs ministry spokesperson Randhir Jaiswal were the first official response from New …

Adani ‘bribery’ row: India denies receiving US summons, calls case a ‘legal matter involving private firms and the US’
3 months, 4 weeks ago

Adani ‘bribery’ row: India denies receiving US summons, calls case a ‘legal matter involving private firms and the US’

Live Mint  

Almost a week after the United States Department of Justice accused billionaire Gautam Adani and others of being involved in a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, the Ministry of External Affairs said on Friday that it is a legal matter between private firms and the US Department of Justice. “This is …

‘Legal matter between private firms and US Department of Justice’: India on Adani indictment row
3 months, 4 weeks ago

‘Legal matter between private firms and US Department of Justice’: India on Adani indictment row

Hindustan Times  

India on Friday said the Narendra Modi government was not informed by the United States in advance ahead of its order indicting industrialist Gautam Adani in an alleged bribery case. US authorities indict Gautam Adani The US prosecutors on November 21 charged Gautam Adani with involvement in a plan to allegedly pay more than $250 million in bribes to government …

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

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi
Trending News
4 months 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 …

Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained
4 months ago

Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained

Live Mint  

Gautam Adani, the billionaire Chairperson of Adani Group, is likely to face a long road to trial in the United States over criminal charges related to his alleged multi-billion-dollar fraud and bribery scheme, news agency Reuters reported on Wednesday, November 27. Adani is also accused of conspiring to pay about $265 million in bribes to Indian government officials to obtain …

Ex-attorney general Mukul Rohatgi ‘clears air’ on bribery charges against Adani
Trending News
4 months 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
4 months 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 not charged under US Foreign Corrupt Practices Act: Adani Green
4 months ago

Gautam Adani, nephew Sagar not charged under US Foreign Corrupt Practices Act: Adani Green

India TV News  

Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act in the indictment filed by US authorities in a court in a bribery case, the Adani Group said today. Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vineet Jain, have been charged …

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

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
4 months ago

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges

India Today  

Picking holes in the US charges against the Adani Group, senior lawyer Mukul Rohatgi on Wednesday said Gautam Adani and his nephew have not been charged with violation of the US Foreign Corrupt Practices Act while another advocate, Mahesh Jethmalani, asserted that the indictment only mentioned a "conspiracy to bribe". Briefing the media, Rohatgi said while the charges mention that …

Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green informs stock exchange
4 months ago

Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green informs stock exchange

New Indian Express  

NEW DELHI: Billionaire Gautam Adani, and his nephew Sagar have not been charged with any violation of the US Foreign Corrupt Practices Act in the indictment that authorities filed in the New York court in the alleged bribery case, the Adani Group said on Wednesday. Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet …

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

Plea In Madras High Court Seeks SIT/ED/CBI Probe Into Indictment Of Gautam Adani In US On Bribery Charges
4 months ago

Plea In Madras High Court Seeks SIT/ED/CBI Probe Into Indictment Of Gautam Adani In US On Bribery Charges

Live Law  

A plea has been filed in the Madras High Court seeking directions to the Home Ministry to either set up a Special Investigation Team or to direct the Enforcement Directorate or Central Bureau of Investigation or any other appropriate investigation agency to investigate into the corruption charges levelled against Indian businessman Gautam Adani and his indictment by United States Department …

Adani indictment row: U.S. State Department declines comment on disruptions in Indian Parliament
4 months ago

Adani indictment row: U.S. State Department declines comment on disruptions in Indian Parliament

The Hindu  

The U.S. State Department refused to comment on the disruptions in the Indian Parliament over the indictment of billionaire Gautam Adani in a U.S. court on charges of bribery. The U.S. authorities have indicted Gautam Adani and seven others including his nephew Sagar Adani, for being part of an alleged $265 million bribery scheme. Last week, a five-count criminal indictment …

Adani indictment: US State Department declines comment on disruptions in Indian Parliament
4 months ago

Adani indictment: US State Department declines comment on disruptions in Indian Parliament

ABP News  

Washington, Nov 26 : The US State Department refused to comment on the disruptions in Indian Parliament over the indictment of billionaire Gautam Adani in a US court on charges of bribery. The US authorities have indicted Gautam Adani and seven others including his nephew Sagar Adani, for being part of an alleged USD 265 million bribery scheme. Last week, …

Adani indictment: US State Department declines comment on disruptions in Indian Parliament
4 months ago

Adani indictment: US State Department declines comment on disruptions in Indian Parliament

New Indian Express  

WASHINGTON: The US State Department refused to comment on the disruptions in Indian Parliament over the indictment of billionaire Gautam Adani in a US court on charges of bribery. The US authorities have indicted Gautam Adani and seven others including his nephew Sagar Adani, for being part of an alleged USD 265 million bribery scheme. Last week, a five-count criminal …

Adani standoff forces Houses to adjourn on Day 1 of session
4 months 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 …

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani
4 months ago

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani

The Hindu  

A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been indicted in the U.S. for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The U.S. Department of Justice has accused Mr. Adani of being part of an elaborate scheme to …

Gautam Adani bribery case: Everything we know about US indictment of Indian billionaire
4 months ago

Gautam Adani bribery case: Everything we know about US indictment of Indian billionaire

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian billionaire Gautam Adani has …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
4 months 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 months 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 …

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

Fresh plea in SC seeks probe into US indictment of Gautam Adani
4 months ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

New Indian Express  

NEW DELHI: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the …

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

Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract
4 months ago

Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract

The Hindu  

A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate's other companies are accused of wrongdoing, the group's CFO said on Saturday. On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. …

Adani bribery case: US SEC summons Gautam Adani, Sagar Adani
Trending News
4 months ago

Adani bribery case: US SEC summons Gautam Adani, Sagar Adani

Live Mint  

BENGALURU : The US Securities and Exchange Commission has issued a summons to Adani Group's founder and chairman, Gautam Adani, and his nephew and Adani Green Energy's executive director, Sagar Adani, thereby kickstarting legal proceedings in the alleged ₹2,000 crore bribery case. "We became aware of the ‘specificity’ of this two days ago," Adani Group chief financial officer Jugeshinder Singh …

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power
4 months ago

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power

NPR  

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power We look at the case against multi-millionaire Gautam Adani who along with several other executives, faces allegations that he attempted to bribe Indian officials to secure solar power contracts. SCOTT SIMON, HOST: U.S. prosecutors have indicted one of India's richest men in a multimillion-dollar bribery scheme involving a solar …

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men
4 months ago

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men

Associated Press  

NEW DELHI — Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in some of the Adani Group’s companies began ticking back up after they plunged a day earlier following the announcement of the charges in New York. The …

Who is Sanjay Wadhwa? SEC chair heading probe against Adani Group
4 months ago

Who is Sanjay Wadhwa? SEC chair heading probe against Adani Group

Hindustan Times  

Sanjay Wadhwa, Acting Director of the US Securities and Exchange Commission’s Division of Enforcement, is playing a key role in the investigation into allegations of bribery involving Indian billionaire Gautam Adani, his nephew Sagar Adani, and other executives of the Adani Group. Sanjay Wadhwa leads the SEC investigation into bribery allegations involving Indian billionaire Gautam Adani and his nephew. Wadhwa …

Individuals linked to Adani bribery case associated with Cong, alleges AP BJP chief
Trending News
4 months ago

Individuals linked to Adani bribery case associated with Cong, alleges AP BJP chief

Deccan Chronicle  

Amaravati: Andhra Pradesh BJP president D Purandeswari on Friday said the allegations emanating from the US against the Adani Group raises serious questions and claimed that all those linked to these allegations are associated with the Congress party. Business tycoon and Adani Group chairman Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme …

Gautam Adani indictment in US: In-depth coverage
4 months ago

Gautam Adani indictment in US: In-depth coverage

The Hindu  

A U.S. court indicted billionaire Gautam Adani and seven others including his nephew Sagar and three other executives on charges of fraud and bribery. The SEC alleged that the bribery scheme was orchestrated to enable renewable energy companies Adani Green and Azure Power to capitalise on a multi-billion-dollar solar energy project awarded by the Indian government. U.S.-based short-seller Hindenburg Research …

Adani Group stocks in trouble again! What should investors do now?
4 months ago

Adani Group stocks in trouble again! What should investors do now?

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

Billionaire Gautam Adani indicted in US for alleged bribery scheme, White House says ‘we are confident…’
4 months ago

Billionaire Gautam Adani indicted in US for alleged bribery scheme, White House says ‘we are confident…’

Live Mint  

The White House has confirmed its awareness of the bribery allegations surrounding billionaire Gautam Adani, chairman of Adani Group. Adani Group has dismissed as "baseless" the US charges that its billionaire founder, Gautam Adani, paid over $250 million in bribes. Gautam Adani Indicted in US According to US prosecutors, Gautam Adani, his nephew Sagar Adani, and six other co-defendants are …

Who is Sagar Adani, nephew of Gautam Adani, charged with bribery and fraud by US?
4 months ago

Who is Sagar Adani, nephew of Gautam Adani, charged with bribery and fraud by US?

Hindustan Times  

Sagar Adani, the nephew of Gautam Adani, is among the seven defendants charged in a US indictment alongside the Adani Group chairperson in an alleged bribery and fraud scheme tied to a renewable energy project in India. • Sagar Adani is the son of Rajesh Adani, the brother of Gautam Adani, who has been with the Adani Group since its …

What next for billionaire Gautam Adani, charged with bribery in US?
4 months ago

What next for billionaire Gautam Adani, charged with bribery in US?

Hindustan Times  

Gautam Adani, chairperson of the Adani Group, is facing criminal charges in the US for allegedly paying $250 million in bribes to Indian officials to secure contracts for India’s largest solar power project. Here’s what lies ahead for the Indian billionaire: Gautam Adani, chairperson of Indian conglomerate Adani Group, shows his inked finger after casting his vote in Ahmedabad during …

Gautam Adani indicted: White House reacts, ‘confident’ in navigating crisis
Trending News
4 months ago

Gautam Adani indicted: White House reacts, ‘confident’ in navigating crisis

Hindustan Times  

Gautam Adani indicted: The White House said it is aware of the allegations against Indian billionaire Gautam Adani, chairman of Adani Group, who was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme. US prosecutors said Gautam Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in …

Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence
4 months ago

Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence

Live Mint  

The US indictment of billionaire Gautam Adani in a $250 million bribery case could set the stage for a lengthy legal process involving a multi-jurisdictional defence. Prakash added that Adani could invoke international legal principles to argue that the allegations should be investigated under Indian law, possibly with US assistance, under treaties like the UN Convention Against Corruption. US prosecutors …

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
4 months ago

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

ABC  

Indian billionaire Gautam Adani has been indicted by US prosecutors for his alleged role in a $US265 million bribery scheme, plunging his industrial conglomerate Adani Group deep into crisis and causing share prices to tumble. When the Azure CEO wrote on November 24, 2020, that the local power companies "are being motivated," Sagar Adani allegedly replied, "Yup … but the …

Why has Indian billionaire Gautam Adani been charged in a US bribery case?
4 months ago

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

Al Jazeera  

United States prosecutors indicted billionaire Gautam Adani, one of the world’s richest people, on Wednesday over his alleged lead role in a bribery scheme linked to a mega-sized solar power plant. In a statement, the US Department of Justice alleged that Adani – a close ally of India’s Prime Minister Narendra Modi – and seven of his associates, including his …

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