CFL wants ACB to probe Jagan in Adani bribe scam
3 weeks, 5 days 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 come across during the course of its investigation. Recalling reports published in this regard, Chakravarthy pointed out that while AP government and its power distribution companies agreed to purchase electricity at the rate of ₹ 2.42/kWh from Solar Energy Corporation of India, Gujarat government signed a similar agreement around the same time at a significantly lower rate of ₹1.99/kWh. The CFL founder said this, coupled with the complaint filed by the U.S. Securities and Exchange Commission in a U.S. district court, made it clear that Adani had bribed the then CM Jagan Mohan Reddy to secure favourable terms for the solar power deal.

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History of this topic

Adani deal under bribery scrutiny was approved against officials’ advice
6 days 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 …

Why Chandrababu Naidu is wary of calling off Andhra-Adani solar power deal
Trending News
3 weeks, 4 days 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 …

Adani bribery case: Andhra minister says checking if power deals can be scrapped
3 weeks, 6 days 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 …

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers
4 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: …

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

Will assess, act on alleged Jagan Reddy-Adani bribery link: Chandrababu Naidu
1 month 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 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 Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ
1 month ago

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ

Deccan Chronicle  

Hyderabad:Tremors of the alleged bribery scam involving top industrialist Gautam Adani were felt in Andhra Pradesh with the previous Y.S. The US Department of Justice has disclosed that a high-ranking official in AP who served between May 2019 and June 2024 was offered “a corrupt payment of Rs 1,750 crore in exchange of the official causing distribution companies to agree …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
Trending News
1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. Gautam Adani and Jagan Mohan Reddy SECI is a public sector entity and arm of the Indian government responsible for implementing Centre schemes related to renewable energy, including funding large solar projects. According to …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. The meeting was about the fact that the southern state had not entered into a power supply agreement with the Solar Energy Corporation of India and the “incentives” needed to cause Andhra Pradesh to …

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report
1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times  

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. Gautam Adani and Jagan Mohan Reddy SECI is a public sector entity and arm of the Indian government responsible for implementing Centre schemes related to renewable energy, including funding large solar projects. According to …

If Adani company 'bribed' officials in India, what is the US probe all about?
1 month ago

If Adani company 'bribed' officials in India, what is the US probe all about?

India Today  

Adani Group chairperson Gautam Adani was among eight people indicted by US prosecutors for allegedly paying Rs 2,029 crore in bribes to officials for solar power contracts in four Indian states and one union territory. Gautam Adani, Sagar and six others have been indicted for allegedly paying bribes to officials in India for securing solar power contracts with state electricity …

Adani group tried to enter Delhi's power sector but Kejriwal stopped them: AAP's Sanjay Singh
Trending News
1 month ago

Adani group tried to enter Delhi's power sector but Kejriwal stopped them: AAP's Sanjay Singh

Hindustan Times  

New Delhi, The Adani group tried to enter Delhi's power sector but was stopped by then chief minister Arvind Kejriwal, A Rajya Sabha MP Sanjay Singh claimed Thursday and stressed the need for accountability after industrialist Gautam Adani was charged in the US for alleged bribery and fraud. Adani group tried to enter Delhi's power sector but Kejriwal stopped them: …

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 …

Gautam Adani Devised Bribery Scheme To Make Indian Govt Entity Buy Solar Power From His Company: US Dept Of Justice
1 month ago

Gautam Adani Devised Bribery Scheme To Make Indian Govt Entity Buy Solar Power From His Company: US Dept Of Justice

Live Law  

According to the charges filed by the United States Department of Justice in a U.S. court, Gautam Adani, along with others, orchestrated a million-dollar bribery scheme in the USA to bribe Indian government officials. Therefore, Gautam Adani, along with Adani company executives Sagar Adani & Vneet Jaain, and certain other officials of the US company, devised a scheme to bribe …

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu
1 month ago

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu

India Today  

Four states and one Union Territory are in focus following the US indictment of Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. The prosecutors have alleged that the Adani Group paid USD 265 million in bribes, with a large chunk directed at officials in Andhra Pradesh, to secure contracts with …

US complaint says Adani met and promised Rs 1750 crore bribe to Jagan Mohan Reddy; YSRCP calls it 'incorrect'
1 month ago

US complaint says Adani met and promised Rs 1750 crore bribe to Jagan Mohan Reddy; YSRCP calls it 'incorrect'

New Indian Express  

‘Bribe prompted AP Discoms to purchase power from SECI’ "In August 2021, Gautam Adani met the Chief Minister of Andhra Pradesh about the fact that Andhra Pradesh had not entered into a Power Supply Agreement with SECI and the “incentives” needed to cause Andhra Pradesh to do so. At or in connection with that meeting, Gautam Adani paid or promised …

No business dealings with Adani Group, only SECI: Tamil Nadu power minister
1 month ago

No business dealings with Adani Group, only SECI: Tamil Nadu power minister

India Today  

Power minister Senthil Balaji clarified that for the past three years, there was no business relationship between DMK-led state government’s Tamil Nadu Electricity Board and the Adani Group. According to Balaji, Tamil Nadu signed a power agreement only with the Solar Energy Corporation of India Limited, which is a central government entity. Speaking to reporters in Karur, Balaji stated: “Keeping …

Adani Group dismisses bribery and fraud charges by US as 'baseless'
1 month ago

Adani Group dismisses bribery and fraud charges by US as 'baseless'

New Indian Express  

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. "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," …

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