Gautam Adani bribery case: No direct agreement involved, says Jagan Reddy’s YSRCP over charges of power purchase
1 month ago

Gautam Adani bribery case: No direct agreement involved, says Jagan Reddy’s YSRCP over charges of power purchase

Live Mint  

Gautam Adani bribery case: The YSR Congress party has said that its government in Andhra Pradesh had no direct agreement with Adani Group. Former chief minister Jagan Mohan Reddy-led party's reaction came in response to Adani Group getting indicted by the US Department of Justice for allegedly paying bribes for solar power contracts in Andhra Pradesh during YSRCP rule. In a statement, the party said the power procurement of 7,000 MW was approved by AP Electricity Regulatory Commission in November, 2021 after which the Power Sale Agreement was signed on December 1, 2021 between SECI and AP Discoms. The previous Andhra Pradesh government entered into an arrangement to procure power from SECI to the tune of 7,000 MW at ₹2.49 per kWh for 25 year period with 3,000 MW commencing in FY 2024-25, 3,000 MW commencing in FY 2025-26 and 1,000 MW commencing in FY 2026-27 with waiver of the ISTS charges, the party said in a statement.

Power Jagan Agreement State Ysrcp Adani Seci No Direct Agreement  reddys  andhra  ysrcp  seci  ap  power  gautam  state  pradesh  mw  jagan  agreement  involved  direct  party  charges  case  purchase  adani

History of this topic

Adani deal under bribery scrutiny was approved against officials’ advice
6 days, 1 hour 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 …

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

CM Stalin did not meet Adani, opposition raising baseless allegations: Minister Balaji
2 weeks, 2 days ago

CM Stalin did not meet Adani, opposition raising baseless allegations: Minister Balaji

New Indian Express  

CHENNAI: Chief Minister MK Stalin did not meet with Adani Group chairman Gautam Adani, said Minister for Electricity V Senthil Balaji said on Friday in an attempt to put an end to allegations raised by opposition parties that the business tycoon met with the top brass of the DMK during a closely kept visit to Chennai in July. In a …

No deal signed with Adani, MK Stalin never met him: Tamil Nadu minister Balaji
2 weeks, 3 days ago

No deal signed with Adani, MK Stalin never met him: Tamil Nadu minister Balaji

India Today  

Tamil Nadu Electricity Minister V Senthil Balaji on Friday dismissed allegations that Chief Minister MK Stalin met industrialist Gautam Adani or that the DMK government signed any contract with the Adani Group. “There is no truth in claims that the Chief Minister met Adani or that any agreement was signed with the Adani Group during the DMK regime,” Balaji stated. …

Why it's a rocky road ahead for Adani Group
2 weeks, 5 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 …

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises
Trending News
2 weeks, 6 days 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 …

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 …

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media
3 weeks, 2 days 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 …

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

‘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 …

APCC chief YS Sharmila Reddy demands probe into Adani deal
3 weeks, 4 days 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 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 …

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 …

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 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 …

No bribery charges against Gautam Adani, nephew in US indictment: Adani Green
3 weeks, 5 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 …

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
3 weeks, 5 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 …

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment
3 weeks, 5 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, 5 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 Group deals at risk: How countries have reacted after bribery charges
3 weeks, 6 days 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, …

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 …

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP
3 weeks, 6 days ago

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP

India Today  

The Andhra Pradesh Congress Committee urged the immediate cancellation of a power purchase agreement signed with Adani Green Energy in 2021 during the YSRCP government led by former Chief Minister YS Jagan Mohan Reddy. The deal, according to APCC president YS Sharmila, imposes an estimated financial burden of Rs 1.5 lakh crore on the people of Andhra Pradesh over the …

T’gana rejects Adani’s ₹100-cr donation for skills university project
4 weeks ago

T’gana rejects Adani’s ₹100-cr donation for skills university project

Hindustan Times  

Telangana chief minister A Revanth Reddy on Monday announced that the state government will not accept the ₹100 crore CSR donation pledged by the Adani Group for the Young India Skills University being set up in Ranga Reddy district on the outskirts of Hyderabad, in the wake of “present circumstances and arising controversies.” T’gana rejects Adani’s ₹ 100-cr donation for …

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

Adani standoff forces Houses to adjourn on Day 1 of session

Hindustan Times  

The Congress-led Opposition forced adjournments in both Houses of Parliament on the opening day of the winter session on Monday over bribery allegations against the Adani Group but a standoff on this issue might not last long as other INDIA bloc constituents are keen to focus on more pressing issues. A senior Congress leader said the party is unlikely to …

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why
Trending News
4 weeks ago

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why

Live Mint  

GQG Partners, one of the biggest foreign institutional investors in Adani Group, decided not to sell its stake in the conglomerate. According to the disclosure, the American investment giant has a total exposure of $9.7 billion to the Adani Group of companies on a total asset base of $158.6 billion, marking up to 6.1 per cent of the company's total …

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: …

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

Bribery Scheme: More trouble for Adani Group as partners, investors review ties

New Indian Express  

The Adani Group is facing escalating challenges after being criminally indicted by a US federal court last week on corruption charges. In further bad news for the Ahmedabad-based conglomerate, its largest foreign investor, France’s Total Energies, announced on Monday that it will halt any new financial contributions to Adani Group companies. In a statement issued on Monday, Total Energies said: …

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 …

Gautam Adani, nephew Sagar Adani summoned by US SEC in bribery case: ‘If you fail to respond…’
4 weeks, 1 day 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 firm downplays Kenya scrapping $736 million power deal: No material impact
4 weeks, 1 day ago

Adani firm downplays Kenya scrapping $736 million power deal: No material impact

India Today  

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business. "Further, the Company hereby submits that there is no material impact of the Media Report on the operations of the Company," …

U.S. SEC summons Gautam Adani, nephew Sagar in bribery case
1 month ago

U.S. SEC summons Gautam Adani, nephew Sagar in bribery case

The Hindu  

Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the U.S. Securities and Exchange Commission allegation of paying $265 million in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the same city for …

Adani bribery case: US SEC summons Gautam Adani, Sagar Adani
Trending News
1 month 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 …

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 …

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power
1 month ago

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power

NPR  

Indian billionaire Gautam Adani indicted in bribery scheme involving solar power We look at the case against multi-millionaire Gautam Adani who along with several other executives, faces allegations that he attempted to bribe Indian officials to secure solar power contracts. SCOTT SIMON, HOST: U.S. prosecutors have indicted one of India's richest men in a multimillion-dollar bribery scheme involving a solar …

Scrap all Adani contracts in Telangana, demands BRS
1 month ago

Scrap all Adani contracts in Telangana, demands BRS

Deccan Chronicle  

HYDERABAD: The BRS on Friday demanded that the Congress state government scrap all agreements it had entered into with the industrialist Gautam Adani’s group of companies, with party working president K.T. Addressing a press conference Rama Rao said while Rahul Gandhi keeps attacking Adani at the national level, in Telangana the Chief Minister was cozying up to the industrialist. The …

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

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

Hindustan Times  

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

Adani case fallout: CM Naidu promises action
1 month ago

Adani case fallout: CM Naidu promises action

Hindustan Times  

Andhra Pradesh promised on Friday to look into and “act” on charges that the Adani Group and its top executives paid massive bribes in the state for solar power contracts, while the Congress vowed to press for action in Parliament and global banks began reviewing fresh credit to the conglomerate, as fallout intensified from the US indictment of Gautam Adani …

‘No engagement with Adani in Odisha, claims incorrect’: BJD clarifies after BJP attack over Gautam Adani ’bribe’ charges
1 month ago

‘No engagement with Adani in Odisha, claims incorrect’: BJD clarifies after BJP attack over Gautam Adani ’bribe’ charges

Live Mint  

The Biju Janata Dal on Friday issued a clarification regarding power purchase agreements in Odisha, and emphatically denied allegations that state government officials took bribes from the Adani group to supply renewable energy to the state from the central pool. In the written exposition, the BJD claimed that the power purchase agreement made three years ago was between two government …

‘Will study US indictment report, act on it’: CM Chandrababu Naidu on bribery charges against Adani, Jagan Reddy
Trending News
1 month ago

‘Will study US indictment report, act on it’: CM Chandrababu Naidu on bribery charges against Adani, Jagan Reddy

Hindustan Times  

Andhra Pradesh chief minister N Chandrababu Naidu on Friday said that the state government is in possession of the indictment order filed in the United States against industrialist Gautam Adani. The indictment order submitted by US Securities and Exchange Commission alleges that Adani met the then chief minister of Andhra Pradesh in 2021, and offered bribes worth $200 million to …

Naidu to study US chargesheet on Adani bribery case, take action
Trending News
1 month ago

Naidu to study US chargesheet on Adani bribery case, take action

Deccan Chronicle  

Vijayawada: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state government is in possession of the "chargesheet reports" filed in the US related to the alleged bribery scam involving the previous YSRCP government and the Adani Group, and promised to act on the irregularities. Business tycoon and Adani Group chairman Gautam Adani has been charged by the …

Jagan Mohan Reddy made Andhra an Adani state: YS Sharmila
1 month ago

Jagan Mohan Reddy made Andhra an Adani state: YS Sharmila

Deccan Chronicle  

Hyderabad: Andhra Pradesh Congress Committee President YS Sharmila slammed the former Andhra Chief Minister Jagan Mohan Reddy, questioning him for receiving alleged bribes in deals that he made with the Adani group during his tenure and accusing him of giving Andhra as a blank cheque to Adani. "Adani has insulted the country and Jagan Mohan Reddy has insulted Andhra Pradesh. …

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

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

Associated Press  

NEW DELHI — Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in some of the Adani Group’s companies began ticking back up after they plunged a day earlier following the announcement of the charges in New York. The …

Individuals linked to Adani bribery case associated with Cong, alleges AP BJP chief
Trending News
1 month ago

Individuals linked to Adani bribery case associated with Cong, alleges AP BJP chief

Deccan Chronicle  

Amaravati: Andhra Pradesh BJP president D Purandeswari on Friday said the allegations emanating from the US against the Adani Group raises serious questions and claimed that all those linked to these allegations are associated with the Congress party. Business tycoon and Adani Group chairman Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme …

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

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

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

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