Congress jabs at Adani's ‘morally correct’ remark: ‘like his Prime Mentor…’
1 year, 10 months ago

Congress jabs at Adani's ‘morally correct’ remark: ‘like his Prime Mentor…’

Hindustan Times  

The Congress on Thursday took a dig at beleaguered billionaire Gautam Adani over his explanation for pulling a record domestic equity offering, saying Adani speaking of being "morally correct" is like his "Prime Mentor" – a veiled reference to Prime Minister Narendra Modi who is widely perceived as being close to the Indian tycoon – preaching humility, sobriety and large-heartedness. As the stock rout in Adani's group of companies intensified following a sharp selloff, Adani Enterprises said it has decided to withdraw its fully subscribed ₹20,000-crore follow-on public offer to insulate investors from potential losses. ': Mahua Moitra's jibe at Adani FPO Gautam Adani, chairman, Adani Enterprises Ltd, said the board “felt that going ahead with the issue would not be morally correct.” “The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO,” he added. Reacting to Adani's remarks, Jairam Ramesh, Congress general secretary in charge of communications, said “Adani speaking of being morally correct is like his Prime Mentor preaching virtues of humility, sobriety and large-heartedness.” “This is ENTIRE political science.” The Congress has been alleging that Prime Minister Modi and his government have been favouring the Adani group in various sectors.

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History of this topic

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director
2 weeks, 1 day ago

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

India Today  

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

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

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

New Indian Express  

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

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks, 1 day 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 …

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 …

The Adani-Modi Nexus Faces Its Greatest Test
3 weeks, 3 days ago

The Adani-Modi Nexus Faces Its Greatest Test

The Hindu  

Published : Nov 30, 2024 18:52 IST - 15 MINS READ To contend that the indictment of Gautam Adani, his nephew, and their associates, in the United States has dealt a blow to the ambitions of one of India’s, and the world’s, richest men, would be an understatement. The 30,000-word report of the New York-based short-selling firm Hindenburg Research published …

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

CRISIL says no negative actions so far by lenders, investors on Adani following US indictment
3 weeks, 4 days ago

CRISIL says no negative actions so far by lenders, investors on Adani following US indictment

New Indian Express  

NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce …

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

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

Associated Press  

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

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 5 days ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Gautam Adani not charged with FCPA, only securities violations involving penalties: Adani Green
3 weeks, 6 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, 6 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 …

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 weeks, 6 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 …

Centre must issue a statement on Adani scam in Parliament, demands CPI(M)
4 weeks ago

Centre must issue a statement on Adani scam in Parliament, demands CPI(M)

The Hindu  

The Communist Party of India-Marxist has demanded that the Centre make an official statement in the Parliament regarding the “corrupt practices of Adani Group”. “The illusion of clean governance under the Modi government was shattered by the Adani scam,” B.V. Raghavulu alleged, accusing former Chief Minister Y.S. The CPI leaders also criticised the Central government for arresting political leaders like …

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

Will bribery allegations against Adani intensify FPI selling spree in Indian markets?
Trending News
4 weeks, 1 day ago

Will bribery allegations against Adani intensify FPI selling spree in Indian markets?

Live Mint  

Foreign portfolio investors have been on a selling spree over the last one and a half months, withdrawing funds from Indian equities at an unprecedented pace and reversing their earlier purchasing streak. Although the Adani Group’s direct impact on India’s $4.4 trillion stock market is limited due to its relatively low weighting in benchmark indices, the indictment highlights broader issues …

India’s opposition protests against Gautam Adani as billionaire faces US bribery and fraud charges
4 weeks, 1 day ago

India’s opposition protests against Gautam Adani as billionaire faces US bribery and fraud charges

Associated Press  

NEW DELHI — Hundreds of supporters of India’s main opposition party protested on Monday against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government of protecting the Indian coal magnate whose companies’ shares have plunged since the charges last week. Adani, 62, one of Asia’s richest men, was thrust into …

Bribery Scheme: More trouble for Adani Group as partners, investors review ties
4 weeks, 1 day 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: …

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

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

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

Hindustan Times  

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

Congress looks to corner NDA on Adani row, but allies flag poll worry
1 month ago

Congress looks to corner NDA on Adani row, but allies flag poll worry

Hindustan Times  

The Congress is in touch with allies to launch a united attack on the Narendra Modi government over the Adani bribery allegations but some of its partners believe that an adverse showing in the Maharashtra and Jharkhand polls might give the Bharatiya Janata Party an edge to counter the Opposition. On Thursday, Leader of the Opposition Rahul Gandhi demanded Adani …

Adani case fallout: CM Naidu promises action
1 month 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 …

Congress spokesperson wanted to target PM Modi, ends up displaying photo of Robert Vadra with Adani
1 month ago

Congress spokesperson wanted to target PM Modi, ends up displaying photo of Robert Vadra with Adani

Op India  

The indictment of Adani Group chairman Gautam Adani by the US Department of Justice has given ammunition to the opposition parties to attack the Modi government. During a debate program on the Adani indictment issue on Doordarshan News on 21st November, Congress spokesperson Ajay Verma tried to push the opposition’s narrative that PM Modi and Gautam Adani are ‘very close’. …

Adani shares rally in India after founder's US charges
Trending News
1 month ago

Adani shares rally in India after founder's US charges

Deccan Chronicle  

Mumbai: Shares in Indian billionaire Gautam Adani's conglomerate rallied Friday to pare the previous day's frenzied sell-off sparked by US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts. Shares in Adani Enterprises, his conglomerate's main listed unit, rose nearly four percent in morning trade, while its listed ports and power subsidiaries posted …

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

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

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
1 month ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

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

The week in charts: Adani shares, PM internship scheme, Bitcoin buzz
1 month ago

The week in charts: Adani shares, PM internship scheme, Bitcoin buzz

Live Mint  

Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The shares of Adani group companies plunged on Thursday after the US indicted chairman Gautam Adani and other executives for allegedly bribing Indian officials. Adani trouble Nearly two years after US …

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

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

OPINION | Adani and Modi: Coincidence or Conspiracy?
Trending News
1 month ago

OPINION | Adani and Modi: Coincidence or Conspiracy?

India TV News  

The indictment of billionaire Gautam Adani by US prosecutors in a New York court has become a hot political issue in India. Taking a cue, Leader of Opposition in Lok Sabha Rahul Gandhi launched an attack on Prime Minister Narendra Modi and demanded Adani's arrest and interrogation. US Department of Justice charged Gautam Adani, his nephew Sagar Adani and a …

US indictment of Adani Group honchos: What are the implications?
1 month ago

US indictment of Adani Group honchos: What are the implications?

New Indian Express  

The indictment of top executives from one of India’s large multinational conglomerates by a US Federal Court on Wednesday, November 19, 2024, has raised several pressing questions for both global and domestic investors. The charges—linked to a Rs 2,300 crore bribery scheme involving Adani Group executives, including Chairman Gautam Adani and directors Sagar Adani and Vinit Jain—have far-reaching implications not …

Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline
1 month ago

Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline

Live Mint  

The Securities and Exchange Commission charged Adani Group Chairman Gautam Adani and his nephew Sagar Adani, among others, on November 20 over their alleged involvement in a multi-billion-dollar bribery and fraud scheme. September 2024: Hindenburg's third take on the Adani Group came through a social media post on platform X, citing Swiss authorities freezing $310 million of the Adani Group's …

US charges Indian billionaire Gautam Adani with bribery and fraud
1 month ago

US charges Indian billionaire Gautam Adani with bribery and fraud

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 is …

Gautam Adani: Billionaire Indian tycoon facing U.S. bribery charges
1 month ago

Gautam Adani: Billionaire Indian tycoon facing U.S. bribery charges

Raw Story  

Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world's great survivors. His purchase the following year of an untapped coal basin sparked years of "Stop Adani" protests in Australia after dismay at the project's monumental environmental impact. Adani batted away press freedom fears, but told the …

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

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

Hindustan Times  

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

‘Rahul Gandhi, Congress trying to tarnish PM Modi’s image since 2002': BJP on Adani row
1 month ago

‘Rahul Gandhi, Congress trying to tarnish PM Modi’s image since 2002': BJP on Adani row

Hindustan Times  

The Bharatiya Janata Party on Thursday hit back at Rahul Gandhi, after the Leader of Opposition in Lok Sabha questioned the Narendra Modi government over US authorities indicting industrialist Gautam Adani for bribery charges. “Since 2002, Rahul Gandhi, his mother Sonia Gandhi and the Congress have been trying to tarnish Modi's image, but they have not succeeded and the prime …

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report
1 month ago

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report

Hindustan Times  

Credit rating agency Moody’s has said the bribery charges against Gautam Adani, the chairman of Adani Group, would be seen as a credit negative for the conglomerate's companies, Money Control reported. A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York “The indictment of Adani Group's chairman and other senior officials on bribery …

Adani Group: U.S. Department of Justice allegations baseless
1 month ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

Adani group denies bribery charge, says they are baseless
1 month ago

Adani group denies bribery charge, says they are baseless

Deccan Chronicle  

New Delhi: Adani group on Thursday denied charges of paying bribe to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws.It said all possible legal recourse will be sought. "The allegations made by the US Department of Justice and the US Securities and Exchange Commission against …

‘Adani out of jail because…’: Congress ups ante as US charges billionaire with $250 million bribery
Trending News
1 month ago

‘Adani out of jail because…’: Congress ups ante as US charges billionaire with $250 million bribery

Live Mint  

On Thursday, Congress leader Rahul Gandhi demanded the immediate arrest of industrialist Gautam Adani after the billionaire was implicated in a major bribery and fraud scheme in the United States. Gandhi accused Prime Minister Narendra Modi of shielding Adani, following the charges laid out by US prosecutors, which allege that Adani and his associates paid $250 million in bribes to …

Adani Group reacts to US ‘bribery’ charges against Gautam Adani: ‘Baseless’
Top News
1 month ago

Adani Group reacts to US ‘bribery’ charges against Gautam Adani: ‘Baseless’

Hindustan Times  

Gautam Adani charged in US: The Adani Group on Thursday rejected charges made by United States prosecutors that its chairman Gautam Adani had paid more than $250 million in bribes to secure lucrative government contracts. "The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied," …

Allegations and scandals against the Adani Group: A timeline
1 month ago

Allegations and scandals against the Adani Group: A timeline

The Hindu  

With a U.S. court indicting Gautam Adani and seven others on charges of securities and wire fraud, Adani’s stocks nosedived as possible arrest of one of India’s richest businessmen looms large. Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York district court charged the apples to airports conglomerate of bribery …

Adani hit with bribery charges in US
1 month ago

Adani hit with bribery charges in US

ABC  

Rachel Mealey: American authorities have charged Indian billionaire Gautam Adani over his role in an alleged multi-billion dollar scheme of bribery and fraud. Luke Siddham Dundon: Today's unsealed indictment from US prosecutors alleges Gautam Adani was personally involved in a years-long scheme to bribe Indian officials to the tune of 400 million Australian dollars for favourable terms on a huge …

Rahul Gandhi calls for Gautam Adani's immediate arrest after billionaire indicted by US
1 month ago

Rahul Gandhi calls for Gautam Adani's immediate arrest after billionaire indicted by US

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Thursday said that Gautam Adani should be arrested immediately and his ‘protector’ Madhabi Puri Buch should be probed. Congress leader Rahul Gandhi addresses a press conference against the backdrop of a picture of industrialist Gautam Adani, at his party headquarters in New Delhi on November 21. Addressing a press conference …

Gautam Adani indicted in US for bribery: What do we know so far?
1 month ago

Gautam Adani indicted in US for bribery: What do we know so far?

The Hindu  

A U.S. court has indicted Gautam Adani, his nephew Sagar Adani and six others on charges of duping investors and bribery. Gautam Adani, one of the world’s richest individuals, has been indicted by the U.S. Securities and Exchange Commission on charges of deceiving investors by concealing that his company’s major solar energy project on the subcontinent was being facilitated through …

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