Trump's return to power: What it means for foreign corrupt practices act and Gautam Adani
1 month ago

Trump's return to power: What it means for foreign corrupt practices act and Gautam Adani

India Today  

The Foreign Corrupt Practices Act, a cornerstone of the United States' fight against international corruption, may see a seismic shift in enforcement and focus if Donald Trump returns to the Oval Office. Yet, Trump’s complicated history with the FCPA raises questions about how aggressively it might be enforced in his administration, particularly in light of high-profile cases like the indictment of Gautam Adani, one of India’s wealthiest tycoons. The Department of Justice and the Securities and Exchange Commission aggressively pursued FCPA violations during Trump’s first term, bolstering resources for investigations and doubling the number of prosecutors in the anti-corruption unit. Lisa H. Miller, Deputy Assistant Attorney General for the DOJ’s Criminal Division, described the case as emblematic of the FCPA’s mission to root out corruption that distorts global markets and harms American stakeholders.

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History of this topic

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 …

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 …

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 …

Will bribery allegations against Adani intensify FPI selling spree in Indian markets?
Trending News
4 weeks ago

Will bribery allegations against Adani intensify FPI selling spree in Indian markets?

Live Mint  

Foreign portfolio investors have been on a selling spree over the last one and a half months, withdrawing funds from Indian equities at an unprecedented pace and reversing their earlier purchasing streak. Although the Adani Group’s direct impact on India’s $4.4 trillion stock market is limited due to its relatively low weighting in benchmark indices, the indictment highlights broader issues …

Adani indictment: FCPA cases take long to conclude
1 month ago

Adani indictment: FCPA cases take long to conclude

Live Mint  

Mumbai and Bengaluru: For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience. It takes an average of about three years to conclude a case after an indictment under the US Foreign Corrupt Practices Act, according to a Stanford Law School analysis of cases since the law was enacted nearly a …

Mint Explainer: The Adani bribery charges and the US legal process
1 month ago

Mint Explainer: The Adani bribery charges and the US legal process

Live Mint  

Indian billionaire Gautam Adani and some associates are facing serious allegations of fraud brought by the US attorney’s office in New York. According to prosecutors, the Adani group orchestrated a yearslong scheme involving the payment of $250 million in bribes to Indian government officials to secure favourable terms for solar power contracts awarded to Adani Green Energy Ltd and Azure …

What next for billionaire Gautam Adani, charged with bribery in US?
1 month ago

What next for billionaire Gautam Adani, charged with bribery in US?

Hindustan Times  

Gautam Adani, chairperson of the Adani Group, is facing criminal charges in the US for allegedly paying $250 million in bribes to Indian officials to secure contracts for India’s largest solar power project. Here’s what lies ahead for the Indian billionaire: Gautam Adani, chairperson of Indian conglomerate Adani Group, shows his inked finger after casting his vote in Ahmedabad during …

Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence
1 month ago

Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence

Live Mint  

The US indictment of billionaire Gautam Adani in a $250 million bribery case could set the stage for a lengthy legal process involving a multi-jurisdictional defence. Prakash added that Adani could invoke international legal principles to argue that the allegations should be investigated under Indian law, possibly with US assistance, under treaties like the UN Convention Against Corruption. US prosecutors …

US charges against Adani, seven others could lead to arrest warrants, extradition bid: Attorney
1 month ago

US charges against Adani, seven others could lead to arrest warrants, extradition bid: Attorney

New Indian Express  

Batra noted that ultimately, extradition occurs absent the rarest of circumstances, as in the case of former Chilean president Augusto Pinochet. Peace, the US Attorney for the Eastern District of New York, has announced a five-count criminal indictment against 62-year-old Adani, his nephew Sagar, an executive director at the conglomerate's renewable energy arm Adani Green Energy Ltd, and its former …

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