US bribery case against Adani reaches Supreme Court, Sebi in the dock
1 month, 2 weeks ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group and raises concerns over the market regulator’s credibility. This comes as Sebi recently launched an inquiry into US allegations that Adani Green Energy, a subsidiary of the Adani Group, failed to disclose an investigation into the alleged bribery scheme. The Adani Group has denied all allegations, calling them “baseless.” The charges have intensified scrutiny of the Adani Group, which previously faced allegations of improper use of offshore tax havens from US-based short-seller Hindenburg Research.

Supreme Court Allegations Group Sec Sebi Investigation Adani  allegations  filed  reaches  investigation  adani  dock  case  bribery  supreme  charges  sebi  hindenburg  group  court

History of this topic

U.S. Congressman challenges Biden administration’s decision to investigate Gautam Adani
3 days, 2 hours ago

U.S. Congressman challenges Biden administration’s decision to investigate Gautam Adani

The Hindu  

Challenging the decision of the Biden administration to investigate the activities of billionaire Gautam Adani, an influential Republican lawmaker in the U.S. has said such selective actions risk damaging critical alliances with key partners. “The Department of Justice’s selective actions risk damaging critical alliances with key partners like India, one of America’s strongest allies in the Asia-Pacific region,” Mr. Gooden …

Civil, criminal cases against Gautam Adani, others related, assigned to one judge: Court order
6 days, 22 hours 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 …

Adani bribery case: US court orders joint criminal, civil trial against tycoon
1 week, 2 days ago

Adani bribery case: US court orders joint criminal, civil trial against tycoon

India Today  

In a major development, a New York court has ordered to club the three ongoing cases against industrialist Gautam Adani and others on charges of USD 265 million bribery. The cases that have been tagged together include US vs Adani and others, Securities and Exchange Commission vs Adani and others, and SEC vs Cabanes. Adani and others are charged with …

Number Theory: Key takeaways from 2 hard years for the Adani Group
4 weeks, 2 days ago

Number Theory: Key takeaways from 2 hard years for the Adani Group

Hindustan Times  

On November 20, the United States Department of Justice issued an indictment against Gautam Adani and two executives of Adani Green Energy for allegations of bribery in India, which put them in breach of US capital market regulations. In January last year, the group was targeted by a US-based short-seller Hindenburg, which accused it of various irregularities – Indian stock …

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

Why it's a rocky road ahead for Adani Group
1 month, 1 week ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report
1 month, 1 week ago

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report

Live Mint  

Billionaire Gautam Adani-led group has reportedly approached the capital markets regulator Securities and Exchange Board of India, seeking to settle a case in which Adani Group was accused of violating public shareholding regulations. According to the report, the ports-to-power conglomerate's minimum public shareholding requirement violations date back to 2020, and the regulator sought to recover about ₹2,500 crore from the …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
1 month, 1 week ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises
Trending News
1 month, 1 week ago

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises

New Indian Express  

NEW DELHI: MPs of several INDIA bloc parties protested on the Parliament premises on Tuesday over the Adani issue and reiterated their demand for a joint parliamentary probe into the matter. The Congress and some other opposition have been demanding a joint parliamentary committee probe following the indictment by US prosecutors of Adani Group chairperson Gautam Adani and other company …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
1 month, 1 week 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
1 month, 1 week 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 …

How will bribery charges impact Adani?
1 month, 1 week ago

How will bribery charges impact Adani?

The Hindu  

The story so far: Last week, the U.S. Department of Justice charged two officials of a renewable energy company listed in the U.S. in connection with a bribery scheme allegedly perpetrated by Gautam Adani, chairman of the Adani Group, and his associates including his nephew Sagar Adani. Shares of various Adani Group companies dropped sharply; they have recovered most of …

U.S. indictment: Committed to ‘world-class’ compliance, says Gautam Adani
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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 indictment is a ‘legal matter’ between pvt entities and US:MEA
1 month, 1 week 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 …

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’
Trending News
1 month, 1 week ago

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’

Live Mint  

Adani Group's chief financial officer on Friday, November 29, rejected US allegations that group executives, including Chairman Gautam Adani, were part of a $265 million bribery scheme. Adani CFO refutes bribery charges Singh also sought to allay concerns about the allegations' impact on the group's expansion plans. He said the allegations made in the US against Group chairman Gautam Adani …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
1 month, 1 week ago

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?

The Hindu  

Published : Nov 29, 2024 14:23 IST - 8 MINS READ In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. An ally …

No request received from US on Adani case: MEA
Trending News
1 month, 1 week ago

No request received from US on Adani case: MEA

New Indian Express  

The Ministry of External Affairs has clarified that India has not received any prior communication from the United States regarding the legal proceedings involving the Adani Group and the US Department of Justice. "This is a legal matter involving private firms, individuals, and the US Department of Justice. According to the group, chairman Gautam Adani, his nephew Sagar Adani, and …

IHC Maintains Confidence In Adani Group Despite US Indictment Of Gautam Adani
Trending News
1 month, 2 weeks ago

IHC Maintains Confidence In Adani Group Despite US Indictment Of Gautam Adani

ABP News  

Abu Dhabi-based International Holding Co has reiterated its confidence in Adani Group, stating that its investment outlook remains unchanged following the indictment of billionaire Gautam Adani by US authorities. Last week, US prosecutors accused Adani, his nephew and executive director Sagar Adani, and Adani Green managing director Vneet S. Jaain of allegedly orchestrating a $265 million bribery scheme to secure …

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms
1 month, 2 weeks ago

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms

Associated Press  

NEW DELHI — India’s Parliament was disrupted for a third day Thursday by opposition parties protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes. In the absence of a statement by the Indian government, Amit Malviya, the governing Bharatiya Janata Party’s IT head, …

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi
Trending News
1 month, 2 weeks ago

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi

Hindustan Times  

New Delhi: Senior advocate and former attorney general of India Mukul Rohatgi on Wednesday said that neither Gautam Adani nor his nephew Sagar Adani has been named in charges related to bribery or obstruction of justice under the US Foreign Corrupt Practices Act. New Delhi, Nov 27 : Former Attorney General and Senior Counsel Mukul Rohatgi speaks to the media …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
1 month, 2 weeks ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh
1 month, 2 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 …

'Incorrect and reckless reporting': Adani Group refutes allegations against Gautam Adani, his nephew Sagar Adani and Vneet Jaain, says no FCPA charges
Top News
1 month, 2 weeks ago

'Incorrect and reckless reporting': Adani Group refutes allegations against Gautam Adani, his nephew Sagar Adani and Vneet Jaain, says no FCPA charges

Op India  

Amidst continuous attacks by the opposition parties over the indictment of Adani Group chairman Gautam Adani, his nephew Sagar Adani and over allegations of bribery in a New York district court, Adani Group refuted the misleading reporting done in media and by some political parties. “Media articles which state that certain of our directors namely Gautam Adani, Sagar Adani and …

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
1 month, 2 weeks ago

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations

ABP News  

Shares of Adani Group companies saw a significant rally during morning trade on Wednesday, recovering from the losses incurred the previous day. Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate. Adani Power climbed 5.96 per cent, Adani Total Gas rose 4.70 per …

Mukul Rohatgi, Mahesh Jethmalani defend Gautam Adani, Sagar Adani over US bribery charges, slam Opposition
Top News
1 month, 2 weeks ago

Mukul Rohatgi, Mahesh Jethmalani defend Gautam Adani, Sagar Adani over US bribery charges, slam Opposition

Hindustan Times  

The Adani Group on Wednesday strongly denied allegations of bribery and violations of the US Foreign Corrupt Practices Act against its chairman Gautam Adani, his nephew Sagar Adani, and key executive Vneet Jaain in a case filed by the US Department of Justice. The company clarified that its chairman Gautam Adani, Sagar Adani, and Vneet Jaain have not been charged …

Adani Green Energy Refutes Bribery Charges Against Gautam Adani And Executives
1 month, 2 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 …

Adani Group says it lost nearly $55 billion since US indictment: Report
1 month, 2 weeks ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Ex-attorney general Mukul Rohatgi ‘clears air’ on bribery charges against Adani
Trending News
1 month, 2 weeks ago

Ex-attorney general Mukul Rohatgi ‘clears air’ on bribery charges against Adani

Hindustan Times  

Senior advocate and former attorney general Mukul Rohatgi on Wednesday addressed the media to clarify allegations against Adani Group chairman Gautam Adani, his nephew Sagar Adani, and others, stemming from a criminal indictment and civil complaint by US prosecutors and regulators. Meanwhile, Adani Green Energy Ltd. on Wednesday morning filed an official response to stock exchanges under SEBI regulations, refuting …

No bribery charges against Gautam Adani, Sagar: Adani Group
1 month, 2 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 …

Adani Group refutes US allegations of bribery charges against Gautam Adani, Sagar Adani, and other executives
Top News
1 month, 2 weeks 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 …

Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green informs stock exchange
1 month, 2 weeks ago

Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green informs stock exchange

New Indian Express  

NEW DELHI: Billionaire Gautam Adani, and his nephew Sagar have not been charged with any violation of the US Foreign Corrupt Practices Act in the indictment that authorities filed in the New York court in the alleged 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 …

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
1 month, 2 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 …

No bribery charges against Gautam Adani, nephew in US indictment: Adani Green
1 month, 2 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 …

Bribery case: What are the legal options for Adani? Key questions answered
1 month, 2 weeks ago

Bribery case: What are the legal options for Adani? Key questions answered

India Today  

The Adani Group on Wednesday said its chairperson Gautam Adani has not been charged with corruption by the US prosecutors in the bribery case but faces three other counts, including securities and wire fraud. If the accused are located outside the US, the authorities have several options: Extradition: The US can request that India extradite the individuals based on the …

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment
1 month, 2 weeks 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
1 month, 2 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 …

Adani ‘bribery’ case: Andhra Pradesh likely to suspend Adani Group’s power supply deal
Top News
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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 bribery case: Andhra minister says checking if power deals can be scrapped
1 month, 2 weeks 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 Group deals at risk: How countries have reacted after bribery charges
1 month, 2 weeks ago

Adani Group deals at risk: How countries have reacted after bribery charges

India Today  

The Adani Group is under scrutiny after US authorities accused Gautam Adani and seven associates of paying $265 million in bribes to Indian government officials. President William Ruto said on Thursday that a procurement process that would have handed control of the country's main airport to the Adani Group was terminated, reported news agency Reuters. Adani Green Energy Limited, however, …

‘No new investments until…’: France's TotalEnergies amid bribery charges against Adani Group
1 month, 2 weeks ago

‘No new investments until…’: France's TotalEnergies amid bribery charges against Adani Group

Hindustan Times  

French energy giant TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. TotalEnergies holds a 19.75 per cent stake in Adani Green Energy Ltd - the renewable energy arm of the Indian group helmed by Gautam Adani. The …

Adani standoff forces Houses to adjourn on Day 1 of session
1 month, 2 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
1 month, 2 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 …

Total Energies pauses investments into Adani Group on bribery charges
1 month, 2 weeks ago

Total Energies pauses investments into Adani Group on bribery charges

Al Jazeera  

The impact of a US indictment of the group’s chairman is spreading as multiple projects say they are reviewing deals with Adani. French oil major TotalEnergies has halted investments in the Adani Group after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multimillion-dollar bribery scheme. The US indictment document said that following the payment of alleged …

Bribery Scheme: More trouble for Adani Group as partners, investors review ties
1 month, 2 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: …

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani
1 month, 2 weeks ago

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani

The Hindu  

A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been indicted in the U.S. for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The U.S. Department of Justice has accused Mr. Adani of being part of an elaborate scheme to …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
1 month, 2 weeks 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 …

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