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 in exchange for favourable terms for solar power contracts in four Indian states. US SEC summons The US Securities and Exchange Commission has summoned Gautam Adani and his nephew Sagar to explain their stand on allegations of paying $265 million in bribes to get lucrative solar power contracts. 62-year-old Gautam Adani and seven other defendants, including Sagar, who is a director at Adani Green Energy Ltd, allegedly agreed to pay about $265 million in bribes to Indian government officials between approximately 2020 and 2024 to obtain lucrative solar energy supply contracts on terms that expected to yield $2 billion of profit over 20 years, according to an indictment unsealed in a New York court on Wednesday.

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History of this topic

US attorney who indicted Gautam Adani in New York court to resign
4 days, 1 hour ago

US attorney who indicted Gautam Adani in New York court to resign

India Today  

United States Attorney for the Eastern District of New York, Breon Peace, has announced his resignation, effective January 10, 2025, just days before the inauguration of Donald Trump as the President of the United States. Breon Peace, who has served in the role since October 15, 2021, has been a key figure in several high-profile cases, including the fraud indictment …

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 …

Can Indian billionaire Gautam Adani be tried in the US for India ‘crimes’?
2 weeks, 4 days 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 …

Why it's a rocky road ahead for Adani Group
2 weeks, 6 days 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 …

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 …

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 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 …

How will bribery charges impact Adani?
3 weeks, 2 days 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 …

The Adani-Modi Nexus Faces Its Greatest Test
3 weeks, 2 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 …

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 …

Received no request from US: India on 'arrest warrant' for Gautam Adani
3 weeks, 4 days ago

Received no request from US: India on 'arrest warrant' for Gautam Adani

India Today  

The government on Friday said that it has received no request from US authorities about the arrest warrant issued against industrialist Gautam Adani over bribery charges. “This is a legal matter involving private firms and individuals and the US Department of Justice,” MEA spokesperson Randhir Jaiswal said during a press briefing. #WATCH | Delhi: On the Adani indictment issue, MEA …

MEA denies reports of US summons for Gautam Adani, says 'no official request received'
Trending News
3 weeks, 4 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, 4 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 …

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 …

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 …

‘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 …

Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained
3 weeks, 5 days 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 …

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 …

Adani Group’s 2 stocks placed under ASM stage-1 category: Here’s what it means for shareholders
3 weeks, 5 days ago

Adani Group’s 2 stocks placed under ASM stage-1 category: Here’s what it means for shareholders

Live Mint  

Adani Group stocks - Adani Green Energy and Adani Energy Solutions, have been put under the first stage of the short-term additional surveillance measures on the Bombay Stock Exchange and National Stock Exchange after the recent US indictment of Chairman Gautam Adani and his nephew Sagar Adani on alleged bribery and fraud charges. The two Adani Group stocks have been …

Rahul Gandhi says Adani should be jailed: ‘You think he’d accept charges?'
3 weeks, 5 days ago

Rahul Gandhi says Adani should be jailed: ‘You think he’d accept charges?'

Hindustan Times  

Jail him, said Congress leader Rahul Gandhi on Wednesday on billionaire Gautam Adani after the Adani group said its founder and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act, as alleged in the indictment filed by US authorities in a court in a bribery case. Lok Sabha LoP Rahul Gandhi …

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 …

Rahul demands Adani's arrest over US indictment, accuses Centre of protecting him
3 weeks, 6 days ago

Rahul demands Adani's arrest over US indictment, accuses Centre of protecting him

New Indian Express  

NEW DELHI: Congress leader Rahul Gandhi on Wednesday said businessman Gautam Adani should be arrested after his indictment in the US and accused the government of protecting him. Speaking to reporters outside Parliament, Gandhi, the Leader of the Opposition in the Lok Sabha, said "when hundreds of people are arrested on "tiny" charges in the country, why is Adani not …

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
3 weeks, 6 days 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 …

No bribery charges against Gautam Adani, nephew in US indictment: Adani Green
3 weeks, 6 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, 6 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 …

US yet to inform India about Gautam Adani's arrest warrant over bribery case: Sources
3 weeks, 6 days ago

US yet to inform India about Gautam Adani's arrest warrant over bribery case: Sources

India Today  

The US authorities have not yet communicated to their Indian counterparts about the arrest warrant issued against industrialist Gautam Adani over bribery charges, sources told India Today TV. For any legal action to be taken within India, including the execution of an arrest warrant, US officials are required to notify the Ministry of Home Affairs in India. Through this treaty, …

Gautam Adani, nephew Sagar not charged under US Foreign Corrupt Practices Act: Adani Green
3 weeks, 6 days 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 …

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment
3 weeks, 6 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, 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 …

‘Adani power deal under scrutiny’: Andhra official
3 weeks, 6 days 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
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 …

Plea In Madras High Court Seeks SIT/ED/CBI Probe Into Indictment Of Gautam Adani In US On Bribery Charges
3 weeks, 6 days 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: US State Department declines comment on disruptions in Indian Parliament
4 weeks 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 weeks 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 Group deals at risk: How countries have reacted after bribery charges
4 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, …

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