Can’t cancel deal with Adani sans evidence: Naidu
6 days, 11 hours 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 India during YS Jagan Mohan Reddy’s tenure. Speaking to reporters at his party’s office in Mangalagiri, Naidu, the Telugu Desam Party chief, cited legal complexities surrounding the 7,000-megawatt solar power contract signed with the Solar Energy Corporation of India during YS Jagan Mohan Reddy’s tenure. “The U.S. indictment is a golden opportunity to take action against Jagan Mohan Reddy and send him to jail,” Naidu said on Wednesday.

Contract Solar Reddy Pti Adani Naidu Jagan Mohan Reddy  solar  evidence  signed  bribery  naidu  adani  indictment  reddy  party  cant  cancel  contract  sans  deal  power

History of this topic

CPI wants APERC to scrap agreements with Adani
13 hours, 1 minute ago

CPI wants APERC to scrap agreements with Adani

The Hindu  

The Communist Party of India on Wednesday expressed its objection to the true-up charges being levied on power consumers by the State Discoms. In a memorandum submitted to the AP Electricity Regulatory Authority, CPI state secretary K. Ramakrishna demanded that the APERC scrap the State’s agreement with the Adani Group through the Solar Energy Corporation of India. The U.S. Department …

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

Tamil Nadu cancels smart meter tender awarded to Adani Energy Solutions
Trending News
1 week ago

Tamil Nadu cancels smart meter tender awarded to Adani Energy Solutions

Deccan Chronicle  

The Tamil Nadu Power Distribution Corporation has cancelled a global tender floated for procuring smart meters, citing the high cost quoted by Adani Energy Solutions Ltd.The tenders were floated as four packages in August 2023 for providing the smart meters under the central government's revamped distribution sector scheme.AESL, a BSE-listed firm was the lowest bidder for package 1 of the …

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
2 weeks, 6 days ago

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

Deccan Chronicle  

Dhaka: Bangladesh's interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Bangladesh's de facto power minister Muhammad Fouzul Kabir Khan told Reuters the country now had enough domestic capacity to cope without the Adani …

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
3 weeks ago

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

The Hindu  

Bangladesh’s interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Adani Group has called the U.S. allegations “baseless.” Tax Exemptions Adani Power’s Godda plant runs off imported coal and was built to serve Bangladesh. …

State govt doesn’t have info on Adani’s TN visit: RTI reply
3 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 weeks, 1 day 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 …

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny
3 weeks, 1 day ago

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny

Deccan Chronicle  

The approach from the Solar Energy Corporation of India on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had …

HC dismisses plea against state contract to Adani Group
Trending News
3 weeks, 2 days ago

HC dismisses plea against state contract to Adani Group

Hindustan Times  

MUMBAI: The Bombay high court on Monday dismissed a petition challenging the contract awarded by the state to the Adani Group, for supply of renewable and thermal power electricity, noting that the plea was unsubstantiated and reckless. HC dismisses plea against state contract to Adani Group A division bench of chief justice D K Upadhyaya and justice Amit Borkar also …

Court dismisses plea against Adani power contract, fines petitioner Rs 50,000
3 weeks, 3 days ago

Court dismisses plea against Adani power contract, fines petitioner Rs 50,000

India Today  

The Bombay High Court on Monday imposed a cost of Rs 50,000 on a petitioner challenging the contract awarded to Adani Transmission for the supply of renewable and thermal power electricity in Maharashtra. While imposing costs and dismissing the plea, the bench of Chief Justice DK Upadhyaya and Justice Amit Borkar observed that "the writ petition, in our opinion, is …

Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu
3 weeks, 4 days 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 …

‘Did not meet Adani’: Stalin in TN assembly
4 weeks, 1 day ago

‘Did not meet Adani’: Stalin in TN assembly

Hindustan Times  

Chief Minister MK Stalin on Tuesday asserted that he did not meet Adani Group’s founder-chairman, Gautam Adani in Chennai. MK Stalin’s comments comes in the wake of the billionaire industrialist being indicted by a US court for bribery of Indian government officials in various states including Tamil Nadu “Adani did not come to meet me. He further said: “Electricity minister …

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

No deal signed with Adani, MK Stalin never met him: Tamil Nadu minister Balaji
1 month ago

No deal signed with Adani, MK Stalin never met him: Tamil Nadu minister Balaji

India Today  

Tamil Nadu Electricity Minister V Senthil Balaji on Friday dismissed allegations that Chief Minister MK Stalin met industrialist Gautam Adani or that the DMK government signed any contract with the Adani Group. “There is no truth in claims that the Chief Minister met Adani or that any agreement was signed with the Adani Group during the DMK regime,” Balaji stated. …

Why it's a rocky road ahead for Adani Group
1 month ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

India’s Adani says his group is committed to compliance after US bribery and fraud charges
1 month, 1 week ago

India’s Adani says his group is committed to compliance after US bribery and fraud charges

Associated Press  

NEW DELHI — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced. And every obstacle becomes a stepping stone for a more resilient Adani Group,” Adani said late Saturday at an …

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media
1 month, 1 week 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 …

Andhra Pradesh: No Graft in Solar PPAs Through SECI, Says Jagan
1 month, 1 week 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 allegations shine spotlight on India’s clean energy conundrum
1 month, 1 week 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 …

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal
Trending News
1 month, 1 week 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 …

No bribery charges against Gautam Adani, Sagar: Adani Group
1 month, 1 week ago

No bribery charges against Gautam Adani, Sagar: Adani Group

Deccan Chronicle  

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 on Wednesday.Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged …

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
1 month, 1 week 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 …

CFL wants ACB to probe Jagan in Adani bribe scam
1 month, 1 week 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 power deal under scrutiny’: Andhra official
1 month, 1 week 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 …

Adani ‘bribery’ case: Andhra Pradesh likely to suspend Adani Group’s power supply deal
Top News
1 month, 1 week 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
1 month, 1 week 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
1 month, 2 weeks 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 bribery case: Andhra minister says checking if power deals can be scrapped
1 month, 2 weeks 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 …

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP
1 month, 2 weeks ago

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP

India Today  

The Andhra Pradesh Congress Committee urged the immediate cancellation of a power purchase agreement signed with Adani Green Energy in 2021 during the YSRCP government led by former Chief Minister YS Jagan Mohan Reddy. The deal, according to APCC president YS Sharmila, imposes an estimated financial burden of Rs 1.5 lakh crore on the people of Andhra Pradesh over the …

Stalin attacks PMK founder, dismisses Adani link claims
1 month, 2 weeks ago

Stalin attacks PMK founder, dismisses Adani link claims

Hindustan Times  

Tamil Nadu chief minister MK Stalin on Monday hit out at S Ramadoss, founder of the Pattali Makkal Katchi, an ally in the NDA, over the latter’s allegation that the DMK chief and industrialist Gautam Adani held a secret meeting in Chennai at the CM’s residence. Tamil Nadu Chief Minister MK Stalin claimed Ramadoss keeps issuing such statements “as he …

Adani bribery case: Accused executive’s new company landed a $1.2 billion investment pact from REC in September
1 month, 2 weeks ago

Adani bribery case: Accused executive’s new company landed a $1.2 billion investment pact from REC in September

Live Mint  

Bengaluru: The chief executive of a two-year-old zero-revenue green energy company that recently scored a ₹10,000 crore investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case. New Delhi-based Ocior Energy’s co-founder and CEO Ranjit Gupta was the chief executive of Azure Power Global Ltd, the company in the thick of the bribery charges …

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers
1 month, 2 weeks 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: …

Gautam Adani, nephew Sagar Adani summoned by US SEC in bribery case: ‘If you fail to respond…’
1 month, 2 weeks 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 …

Adani firm downplays Kenya scrapping $736 million power deal: No material impact
1 month, 2 weeks ago

Adani firm downplays Kenya scrapping $736 million power deal: No material impact

India Today  

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business. "Further, the Company hereby submits that there is no material impact of the Media Report on the operations of the Company," …

U.S. SEC summons Gautam Adani, nephew Sagar in bribery case
1 month, 2 weeks 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 Green Energy’s CFO defends against U.S. charges, says linked to one business contract
1 month, 2 weeks 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. …

Jagan Reddy embroiled in Adani bribery case: Timeline of meetings, power purchase
1 month, 2 weeks 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 …

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power
1 month, 2 weeks 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 …

Adanis knew of U.S. probe when they sold ‘bribe-linked assets’ to TotalEnergies, say prosecutors
1 month, 2 weeks ago

Adanis knew of U.S. probe when they sold ‘bribe-linked assets’ to TotalEnergies, say prosecutors

The Hindu  

“Gautam and Sagar Adani knew their renewable energy company was under U.S. investigation for suspected bribery when they sold part of India’s largest solar park to France’s TotalEnergies,” prosecutors alleged in legal documents reviewed by Reuters. U.S. prosecutors on Thursday charged eight people — including Gautam Adani, his nephew Sagar Adani, and the former CEO of Adani Green Energy Limited …

Adani case fallout: CM Naidu promises action
1 month, 2 weeks ago

Adani case fallout: CM Naidu promises action

Hindustan Times  

Andhra Pradesh promised on Friday to look into and “act” on charges that the Adani Group and its top executives paid massive bribes in the state for solar power contracts, while the Congress vowed to press for action in Parliament and global banks began reviewing fresh credit to the conglomerate, as fallout intensified from the US indictment of Gautam Adani …

‘No engagement with Adani in Odisha, claims incorrect’: BJD clarifies after BJP attack over Gautam Adani ’bribe’ charges
1 month, 2 weeks ago

‘No engagement with Adani in Odisha, claims incorrect’: BJD clarifies after BJP attack over Gautam Adani ’bribe’ charges

Live Mint  

The Biju Janata Dal on Friday issued a clarification regarding power purchase agreements in Odisha, and emphatically denied allegations that state government officials took bribes from the Adani group to supply renewable energy to the state from the central pool. In the written exposition, the BJD claimed that the power purchase agreement made three years ago was between two government …

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani
1 month, 2 weeks 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 …

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men
1 month, 2 weeks 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 …

Gautam Adani bribery case: No direct agreement involved, says Jagan Reddy’s YSRCP over charges of power purchase
1 month, 2 weeks 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 …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month, 2 weeks ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

What are US federal charges against Gautam Adani? What's next for business tycoon? EXPLAINED – India TV
Top News
1 month, 2 weeks ago

What are US federal charges against Gautam Adani? What's next for business tycoon? EXPLAINED – India TV

India TV News  

New Delhi: Billionaire Gautam Adani has been indicted by US prosecutors for allegedly conspiring with executives of a formerly New York-listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. US prosecutors charged Gautam Adani, his nephew Sagar Adani who is director at Adani Green, and six others with alleged bribery and …

Will assess, act on alleged Jagan Reddy-Adani bribery link: Chandrababu Naidu
1 month, 2 weeks 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
1 month, 2 weeks 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 …

Adani bribery charge sparks political storm: Centre, states react to US claims
1 month, 2 weeks ago

Adani bribery charge sparks political storm: Centre, states react to US claims

India Today  

Four states - Andhra Pradesh, Chhattisgarh, Odisha and Tamil Nadu - and one Union Territory, Jammu and Kashmir, came into focus after US prosecutors indicted industrialist Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. ANDHRA PRADESH Andhra Pradesh Chief Minister Chandrababu Naidu on Friday addressed the US allegations of bribery …

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