Gaudam Adani indictment: Former A.P. CM Jagan Mohan Reddy accused of taking ₹1,750 crore for power purchase deal
4 months ago

Gaudam Adani indictment: Former A.P. CM Jagan Mohan Reddy accused of taking ₹1,750 crore for power purchase deal

The Hindu  

The Power Supply Agreements by Andhra Pradesh’s electricity distribution companies are under scanner in the $265 million bribery case unearthed by the U.S. The indictment statement by the U.S. Securities and Exchange Commission has accused the Adani Group of bribing former Andhra Pradesh Chief Minister Y.S. In August 2021, Gautam Adani met with the Chief Minister of A.P., about the fact that the State had not entered into a Power Supply Agreement with SECI and the “incentives” needed to cause Andhra Pradesh to do so, stated SEC. Shortly after these meetings, Andhra Pradesh agreed in principle to execute a PSA with SECI that would directly benefit Adani Green and Azure” the SEC stated.

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History of this topic

India to deliver US summons to Adani for alleged bribe
1 week, 4 days 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, 2 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 …

Adani Green Energy seeks to refinance $1.1 billion loan from PFC, others in rupee terms
1 month ago

Adani Green Energy seeks to refinance $1.1 billion loan from PFC, others in rupee terms

Live Mint  

Adani Green Energy Ltd., controlled by Indian billionaire Gautam Adani, is in talks with local lenders, including Power Finance Corp., to refinance as much as $1.1 billion worth of dollar debt in rupees, according to people who know the matter. The borrowing would be the firm’s biggest since the U.S. Department of Justice indicted Adani over an alleged bribery plot …

Publicise Adani PSA agreement, demands Electricity Consumers’ Association
1 month ago

Publicise Adani PSA agreement, demands Electricity Consumers’ Association

The Hindu  

The particulars of the Power Supply Agreement that the YSR Congress Party government entered into through Solar Energy Corporation of India for procurement of 7,000 MW of electricity from Adani Green Energy for a period of 25 years should be publicised, demanded members of the Electricity Consumers’ Association. Addressing the media in Vijayawada on Thursday, the members said that the …

US regulator seeks Law Ministry's help in Adani bribery case, shows court filing
1 month ago

US regulator seeks Law Ministry's help in Adani bribery case, shows court filing

India Today  

The US Securities and Exchange Commission has requested the Law Ministry's assistance in its investigation into industrialist Gautam Adani and his nephew over alleged securities fraud and a USD 265 million bribery scheme, according to a court filing exclusively accessed by India Today. In November last year, US prosecutors charged Gautam Adani and others with paying USD 265 million in …

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 …

Adani Green appoints independent law firms to review US indictment: Report
2 months ago

Adani Green appoints independent law firms to review US indictment: Report

Hindustan Times  

India's Adani Green has appointed independent law firms to review the U.S. indictment of founder Gautam Adani and top Adani Green executives of paying $265 million in bribes for power contracts, it said late on Thursday. In November, U.S. authorities indicted Adani, his nephew and Executive Director Sagar Adani and Managing Director Vneet S. Jaain, alleging that they paid bribes …

CPI wants APERC to scrap agreements with Adani
2 months, 2 weeks 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 …

‘What will US do if India refuses…’: Congressman warns Joe Biden over Gautam Adani bribery probe
Trending News
2 months, 2 weeks ago

‘What will US do if India refuses…’: Congressman warns Joe Biden over Gautam Adani bribery probe

Live Mint  

A United States Congressman has warned the ongoing Joe Biden administration of risking America's critical alliance with India over its decision to investigate the activities of Indian billionaire Gautam Adani. Terming it “selective”, the US lawmaker said such actions could risk damaging critical alliances with key partners such as India. In a letter to US Attorney General Merrick B Garland, …

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani
2 months, 2 weeks ago

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani

Op India  

A US Congressman has strongly opposed the outgoing Biden administration’s decision to investigate Indian business conglomerate Gautam Adani, stating that ‘selective prosecution’ over rumours abroad risks critical alliances with America’s key partners. Republican Congressman Lance Gooden penned a sharply worded letter to U.S. Attorney General Merrick B. Garland, criticizing the indictment of industrialist Gautam Adani and labelling it a “selective …

‘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 …

Can’t cancel deal with Adani sans evidence: Naidu
2 months, 3 weeks 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 …

Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu
2 months, 3 weeks ago

Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu

Hindustan Times  

Amaravati, Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government cannot scrap power purchase agreements with the Solar Energy Corporation of India without obtaining solid proof of bribery allegations. Power deals with SECI can't be scrapped without solid proof: Andhra CM Chandrababu Naidu The Chief Minister’s comments assume significance in the backdrop of Adani being indicted by the …

Tamil Nadu cancels smart meter tender awarded to Adani Energy Solutions
Trending News
2 months, 3 weeks 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 …

CPI urges CM Naidu to cancel 7000 MW SECI deal over alleged Adani bribery claims
3 months ago

CPI urges CM Naidu to cancel 7000 MW SECI deal over alleged Adani bribery claims

New Indian Express  

VIJAYAWADA: CPI State secretary K Ramakrishna, along with assistant secretary M Nageswara Rao, met Chief Minister N Chandrababu Naidu on Thursday, and urged him to cancel the agreement for 7000 MW with Solar Energy Corporation of India. According to the press release issued by CPI, the Chief Minister had told the CPI leaders that the government would take a legal …

Amid payment dispute, Bangladesh seeks to reopen power deal with Adani using bribery charges: Report
3 months ago

Amid payment dispute, Bangladesh seeks to reopen power deal with Adani using bribery charges: Report

Hindustan Times  

Bangladesh's interim government has reportedly raised concerns over a multi-billion-dollar agreement with Adani Power, accusing the Gautam Adani-led company of not passing on tax benefits related to a power plant critical to the deal, reports Reuters. Bangladesh has been facing delays in payments to Adani Power since the supply began in July 2023, and the two sides are in dispute …

State govt doesn’t have info on Adani’s TN visit: RTI reply
3 months 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 months, 1 week ago

Adani deal under bribery scrutiny was approved against officials’ advice

Live Mint  

The approach from the Solar Energy Corporation of India on Sept. 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. But just a day after SECI approached the state …

Adani deal under bribery scrutiny was approved against officials’ advice
3 months, 1 week 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 months, 1 week 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 …

India's solar energy agency changes bidding policy after Adani bribery allegations, says source
3 months, 1 week ago

India's solar energy agency changes bidding policy after Adani bribery allegations, says source

The Hindu  

An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. SECI, which selects renewable energy producers for projects through bids and then signs deals with power buyers, said last month …

Cancel pact with SECI, CPI secretary writes to CM Chandrababu Naidu
3 months, 1 week 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 …

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

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

India Today  

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

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

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

ABP News  

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

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

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

India Today  

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

U.S. indictment: Committed to ‘world-class’ compliance, says Gautam Adani
3 months, 3 weeks 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 on US indictment: ‘Every attack makes us stronger’
3 months, 3 weeks 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 …

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani
3 months, 3 weeks ago

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani

ABP News  

Gautam Adani, chairman of Adani Group, on Saturday highlighted the conglomerate's resilience amidst challenges, declaring that "every attack makes us stronger, every obstacle becomes a stepping stone for a more resilient Adani Group." The event, hosted by the Gem & Jewellery Export Promotion Council and attended by industry luminaries, also served as a platform to discuss strategies for overcoming challenges …

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

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

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

Live Mint  

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

Adani U.S. indictment: What is the diplomatic impact? Watch Video
3 months, 3 weeks ago

Adani U.S. indictment: What is the diplomatic impact? Watch Video

The Hindu  

It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. The Adani group has denied the charges - 5 …

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

Amarnath justifies PPA with SECI, says it envisages power supply at ‘lowest price’
3 months, 3 weeks ago

Amarnath justifies PPA with SECI, says it envisages power supply at ‘lowest price’

The Hindu  

YSRCP district president and former Minister Gudivada Amarnath has taken exception to the reports in a section of the media targeting party president and former Chief Minister Y.S. Addressing the media here on November 29, Mr. Amarnath said the Power Sale Agreement was between the SECI and the State government. The waiver would help save ₹1.10 lakh crore, Mr. Amarnath …

Adani Power: Former CM Jagan Reddy to serve defamation notices to media houses
3 months, 3 weeks ago

Adani Power: Former CM Jagan Reddy to serve defamation notices to media houses

Deccan Chronicle  

Vijayawada: Reacting to the alleged Andhra Pradesh link in the Gautam Adani matter and his statement that third parties like Adani were not involved in the deed, former Andhra Pradesh Chief Minister and YSRCP chief YS Jagan Mohan Reddy asked how he could be involved and said that it is originated with Solar Energy Corporation of India Limited. He further …

No request received from US on Adani case: MEA
Trending News
3 months, 3 weeks 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 …

Andhra Pradesh: No Graft in Solar PPAs Through SECI, Says Jagan
3 months, 3 weeks 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 ‘bribery’ case: Ex-Andhra CM Jagan Reddy refutes allegations, says ’somebody should be a fool to name me...’
3 months, 3 weeks ago

Adani ‘bribery’ case: Ex-Andhra CM Jagan Reddy refutes allegations, says ’somebody should be a fool to name me...’

Live Mint  

Former Chief Minister of Andra Pradesh YS Jagan Mohan Reddy on Thursday strongly refuted the allegations that the Adani Group paid bribes to state officials for solar power purchases during his party-led government, reported PTI on November 28. Earlier, after the controversy broke out over the allegations, Reddy said that he met the Adanis multiple times during his tenure as …

Adani allegations shine spotlight on India’s clean energy conundrum
3 months, 3 weeks 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 …

APCC chief YS Sharmila Reddy demands probe into Adani deal
3 months, 3 weeks ago

APCC chief YS Sharmila Reddy demands probe into Adani deal

New Indian Express  

VIJAYAWADA: APCC chief YS Sharmila Reddy on Wednesday complained to Governor S Abdul Nazeer against former Chief Minister YS Jagan Mohan Reddy and Adani Group, and sought an in-depth probe into the bribery allegations pertaining to the Power Purchase Agreement. Later speaking to mediapersons, the APCC chief said the deal with Adani Group would hurt the State for the next …

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal
Trending News
3 months, 3 weeks 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 …

Jagan Reddy defends SECI power deal, threatens legal action on media allegations
3 months, 3 weeks ago

Jagan Reddy defends SECI power deal, threatens legal action on media allegations

India Today  

YSR Congress Party president and former Chief Minister YS Jagan Mohan Reddy strongly defended the power sale agreement with the Solar Energy Corporation of India and dismissed the recent media allegations against him. While speaking in Tadepalli, Andhra Pradesh, on Thursday, he stated that the deal, which involves the purchase of power at Rs 2.49 per unit, was between the …

Andhra Pradesh extends power supply deadline for Adani Green Energy
3 months, 3 weeks ago

Andhra Pradesh extends power supply deadline for Adani Green Energy

Live Mint  

New Delhi: The Andhra Pradesh government has granted a second extension to Adani Green Energy Ltd for supplying renewable power after the company missed two earlier deadlines citing transmission unavailability, said three people aware of the development. To Mint's queries on the extension from the Andhra Pradesh government, a spokesperson for Adani Green said the scheduled completion date of the …

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh
3 months, 3 weeks 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 …

Adani Green Energy Refutes Bribery Charges Against Gautam Adani And Executives
3 months, 3 weeks 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 months, 3 weeks 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 …

No bribery charges against Gautam Adani, Sagar: Adani Group
3 months, 3 weeks 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 …

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

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
3 months, 3 weeks 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 Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 months, 3 weeks 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 …

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