Who is Sanjay Wadhwa? SEC chair heading probe against Adani Group
4 months ago

Who is Sanjay Wadhwa? SEC chair heading probe against Adani Group

Hindustan Times  

Sanjay Wadhwa, Acting Director of the US Securities and Exchange Commission’s Division of Enforcement, is playing a key role in the investigation into allegations of bribery involving Indian billionaire Gautam Adani, his nephew Sagar Adani, and other executives of the Adani Group. Sanjay Wadhwa leads the SEC investigation into bribery allegations involving Indian billionaire Gautam Adani and his nephew. Wadhwa has been at the forefront of holding corporate leaders accountable for securities violations.“The commission would continue to vigorously pursue and hold individuals, including senior corporate officers and directors, accountable for violating their securities law,” he stated in a statement to The Economic Times. “As alleged, Gautam and Sagar Adani induced US investors to buy Adani Green bonds through an offering process that misrepresented not only that Adani Green had a robust anti-bribery compliance program but also that the company’s senior management had not and would not pay or promise to pay bribes, and Cyril Cabanes participated in the underlying bribery scheme while serving as director of a US public company” Who is Sanjay Wadhwa?

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History of this topic

India to deliver US summons to Adani for alleged bribe
2 weeks, 1 day 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, 5 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 …

US SEC seeks Indian govt’s help in $250 million Adani bribery probe
1 month, 1 week ago

US SEC seeks Indian govt’s help in $250 million Adani bribery probe

Live Mint  

Bengaluru: The Securities and Exchange Commission has sought the Indian government’s assistance in the US market regulator’s investigation of billionaire Gautam Adani, his nephew Sagar and their role in allegedly paying more than $250 million in bribes to Indian government officials between 2020 and 2024 to obtain lucrative solar-energy contracts. “Defendants are located in India, and the SEC’s efforts to …

Adani Group refutes US allegations of bribery charges against Gautam Adani, Sagar Adani, and other executives
Top News
4 months 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 …

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment
4 months 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 …

Plea In Madras High Court Seeks SIT/ED/CBI Probe Into Indictment Of Gautam Adani In US On Bribery Charges
4 months 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 …

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

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

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

Hindustan Times  

Gautam Adani indicted: Gautam Adani of the Adani group and his nephew Sagar Adani have been summoned to explain their stand on the US Securities and Exchange Commission allegation of paying USD 265 million in bribes to secure lucrative solar power contracts, news agency PTI reported. Adani group faces bribery allegations, denies charges Gautam Adani, 62, and seven others, including …

Adani bribery case: US SEC summons Gautam Adani, Sagar Adani
Trending News
4 months ago

Adani bribery case: US SEC summons Gautam Adani, Sagar Adani

Live Mint  

BENGALURU : The US Securities and Exchange Commission has issued a summons to Adani Group's founder and chairman, Gautam Adani, and his nephew and Adani Green Energy's executive director, Sagar Adani, thereby kickstarting legal proceedings in the alleged ₹2,000 crore bribery case. "We became aware of the ‘specificity’ of this two days ago," Adani Group chief financial officer Jugeshinder Singh …

Indian-origin Sanjay Wadhwa of SEC to lead probe against Adani Group over bribery indictment: All you need to know
4 months ago

Indian-origin Sanjay Wadhwa of SEC to lead probe against Adani Group over bribery indictment: All you need to know

Live Mint  

Indian-origin Sanjay Wadhwa, currently serving as the Acting Director of the US Securities and Exchange Commission’s Division of Enforcement, is reportedly spearheading the investigation into the recent allegations of bribery and fraud involving billionaire industrialist Gautam Adani, his nephew Sagar Adani, and other executives of the multinational Adani Group of companies. US bribery indictment scandal against Gautam Adani Gautam Adani …

Gautam Adani indictment in US: In-depth coverage
4 months ago

Gautam Adani indictment in US: In-depth coverage

The Hindu  

A U.S. court indicted billionaire Gautam Adani and seven others including his nephew Sagar and three other executives on charges of fraud and bribery. The SEC alleged that the bribery scheme was orchestrated to enable renewable energy companies Adani Green and Azure Power to capitalise on a multi-billion-dollar solar energy project awarded by the Indian government. U.S.-based short-seller Hindenburg Research …

Adani Group stocks in trouble again! What should investors do now?
4 months 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 …

Who is Sagar Adani, nephew of Gautam Adani, charged with bribery and fraud by US?
4 months ago

Who is Sagar Adani, nephew of Gautam Adani, charged with bribery and fraud by US?

Hindustan Times  

Sagar Adani, the nephew of Gautam Adani, is among the seven defendants charged in a US indictment alongside the Adani Group chairperson in an alleged bribery and fraud scheme tied to a renewable energy project in India. • Sagar Adani is the son of Rajesh Adani, the brother of Gautam Adani, who has been with the Adani Group since its …

Gautam Adani indicted: White House reacts, ‘confident’ in navigating crisis
Trending News
4 months, 1 week ago

Gautam Adani indicted: White House reacts, ‘confident’ in navigating crisis

Hindustan Times  

Gautam Adani indicted: The White House said it is aware of the allegations against Indian billionaire Gautam Adani, chairman of Adani Group, who was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme. US prosecutors said Gautam Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in …

Why has Indian billionaire Gautam Adani been charged in a US bribery case?
4 months, 1 week ago

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

Al Jazeera  

United States prosecutors indicted billionaire Gautam Adani, one of the world’s richest people, on Wednesday over his alleged lead role in a bribery scheme linked to a mega-sized solar power plant. In a statement, the US Department of Justice alleged that Adani – a close ally of India’s Prime Minister Narendra Modi – and seven of his associates, including his …

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case
4 months, 1 week ago

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case

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 …

Adani group tried to enter Delhi's power sector but Kejriwal stopped them: AAP's Sanjay Singh
4 months, 1 week ago

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

The Hindu  

The Adani group tried to enter Delhi's power sector but was stopped by then Chief Minister Arvind Kejriwal, AAP Rajya Sabha MP Sanjay Singh claimed Thursday and stressed the need for accountability after industrialist Gautam Adani was charged in the U.S. for alleged bribery and fraud. In a press conference, Mr. Singh claimed that Adani Green Energy secured power supply …

If Adani company 'bribed' officials in India, what is the US probe all about?
4 months, 1 week 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
4 months, 1 week 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: …

Gautam Adani US Indictment: Names of 7 others accused in the US fraud case
4 months, 1 week ago

Gautam Adani US Indictment: Names of 7 others accused in the US fraud case

The Hindu  

Gautam Adani along with seven others that includes his nephew Sagar Adani have been indicted by the U.S. Securities and Exchange Commission with fraud, bribery, and corruption for allegedly defrauding American investors and bribing officials. Gautam Adani U.S. indictment LIVE updates A total amount of $265 million was to be paid in bribes to Indian government officials to obtain contracts …

Gautam Adani indicted in US bribery scheme highlights: Former AP CM Jagan bribed, says indictment statement
4 months, 1 week ago

Gautam Adani indicted in US bribery scheme highlights: Former AP CM Jagan bribed, says indictment statement

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. “All possible legal recourse will be sought”, the conglomerate said, adding that the Adani …

USA: New York prosecutors accuse Adani, 7 others of bribery and 'conspiracy to commit securities fraud'
4 months, 1 week ago

USA: New York prosecutors accuse Adani, 7 others of bribery and 'conspiracy to commit securities fraud'

Op India  

A five-count criminal indictment has been unsealed in the United States District Court for the Eastern District of New York, charging prominent Indian executives including the Chairman of the Adani Group Gautam Adani by linking them to an alleged bribery and fraud scheme, Reuters reported citing US prosecutors. According to the U.S. Attorney’s Office, Eastern District of New York, “A …

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud
4 months, 1 week ago

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud

New Indian Express  

NEW DELHI: With billionaire Gautam Adani charged in the US with alleged bribery and fraud, the Congress on Thursday said it "vindicates" its demand for a Joint Parliamentary Committee investigation into the various "scams" involving his conglomerate. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay over USD 250 million bribe to …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
4 months, 1 week ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
4 months, 1 week ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
4 months, 1 week ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
4 months, 1 week ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

Adani Group subsidiary cancels $600 million bond sale after US indictment
4 months, 1 week ago

Adani Group subsidiary cancels $600 million bond sale after US indictment

New Indian Express  

MUMBAI: Indian conglomerate Adani Group's green energy subsidiary said Thursday it had cancelled a US dollar-denominated bond sale, in its first statement acknowledging US criminal charges against billionaire founder Gautam Adani. "In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD-denominated bond offerings," Adani Green Energy's statement said. Gautam Adani, chairman of the …

What is the case in which Gautam Adani has been charged with bribery in US?
4 months, 1 week ago

What is the case in which Gautam Adani has been charged with bribery in US?

India Today  

Trouble mounted for Gautam Adani after US prosecutors indicted the Adani Group chairperson, his nephew Sagar Adani and six others for allegedly paying Rs 2,029 crore in bribes to Indian government officials for securing solar power contracts with state electricity distribution companies. As per the US indictment, Gautam Adani is mentioned as the founder and chairperson of an "Indian Energy …

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme
4 months, 1 week ago

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme

NPR  

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme toggle caption Ajit Solanki/AP NEW YORK — An Indian businessman who is one of the world's richest people has been indicted in the U.S. on charges he duped investors by concealing that his company's huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Sponsor …

Gautam Adani and his firm being probed by US over bribery charges: Report
1 year ago

Gautam Adani and his firm being probed by US over bribery charges: Report

Hindustan Times  

US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter. The probe, which is also looking at Indian renewable energy company Azure Power Global Ltd., is being handled by the …

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