Number Theory: Key takeaways from 2 hard years for the Adani Group
3 months, 2 weeks 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 market regulator Sebi has not found any of them true – and held its stocks as significantly overvalued. The ripple effects of these allegations continue to animate politics in the country with opposition parties accusing the government and its regulators of overlooking the group’s alleged malpractices. Politics, allegations and trials aside, what have the last two years brought for the Adani Group in the markets?

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History of this topic

Adani Green to Adani Power: All 10 Adani group shares trade in the green. Do you own any?
3 weeks, 1 day ago

Adani Green to Adani Power: All 10 Adani group shares trade in the green. Do you own any?

Live Mint  

Indian stock market: Adani group stocks, including Adani Power and ACC, traded in the green today, March 10. Fitch removed Adani Energy solutions from its ‘Rating Watch Negative’ but maintained its negative outlook, citing concerns over ongoing U.S. investigations that could expose governance weaknesses and impact financial stability. The rating agency has affirmed Adani Energy Solutions Long-Term Foreign- and Local-Currency …

Adani Group revives US investment plans: Reports
4 weeks, 2 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 …

Adani Group revives US investment plans amid ongoing bribery case: Report
4 weeks, 2 days ago

Adani Group revives US investment plans amid ongoing bribery case: Report

India Today  

The Adani Group has reportedly revived plans for big-ticket investments in the US, according to a report by the Financial Times newspaper on March 2. "With Trump’s arrival, we have reactivated some plans," one insider reportedly said, though they admitted that Adani could still be facing an “indefinite” legal battle. Another associate said, “We are clear about our intentions, but …

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 …

Trump pauses parts of foreign corruption law; Adani stocks up
1 month, 3 weeks ago

Trump pauses parts of foreign corruption law; Adani stocks up

Hindustan Times  

Washington: President Donald Trump has asked the US attorney general to not initiate any new cases and review all old cases under the Foreign Corrupt Practices Act, possibly opening the door for a legal reprieve for billionaire tycoon Gautam Adani and the Adani Group that were indicted under the law in November last year. Trump pauses parts of foreign corruption …

Six U.S. Congressmen write to new Attorney General against Adani's indictment
1 month, 3 weeks ago

Six U.S. Congressmen write to new Attorney General against Adani's indictment

The Hindu  

As many as six U.S. Congressmen have written to the newly appointed Attorney General of the United States against "questionable" decisions made by the U.S. Department of Justice such as the indictment against the Adani Group in an alleged bribery scam, which "jeopardises the relationship with close ally India". "Some of these decisions involved selectively pursuing and abandoning cases, often …

US Congressmen question Adani indictment, warn it will strain ties with India
1 month, 3 weeks ago

US Congressmen question Adani indictment, warn it will strain ties with India

Op India  

On 10th February, six US Congressmen wrote to newly appointed Attorney General Pamela Bedi, questioning the Department of Justice’s indictment of the Adani Group in an alleged bribery scandal. The Congressmen wrote, “There is no compelling reason to pursue a case in a manner that could complicate relations with an ally like India unless some external factors were at play.” …

Stock markets fall as US tariff concerns, earnings worries sour sentiment
1 month, 3 weeks ago

Stock markets fall as US tariff concerns, earnings worries sour sentiment

Deccan Chronicle  

Indian shares fell on Tuesday, tracking other Asian peers, as concerns around U.S. trade policy and lacklustre domestic earnings continued to sap investor sentiment. The Nifty 50 was down 0.47% at 23,271 as of 10:33 a.m. IST, while the BSE Sensex shed 0.44% to 76,975.9. All 13 major sectors declined, while the broader smallcaps and midcaps lost 2.5% and 2%, …

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment
1 month, 3 weeks ago

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment

Live Mint  

Adani Group stocks rallied up to 4% on Tuesday after reports that few US Congressmen have written to the newly appointed Attorney General of the United States demanding a probe into the previous Department of Justice's indictment of Adani Group officials Adani Enterprises share price and Adani Power share price jumped more than 4% each, while Adani Green Energy shares …

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group
2 months, 2 weeks ago

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group

ABP News  

Hindenburg Research founder Nathan Anderson announced on Wednesday that he would disband the firm, whose reports led to massive short-selling by investors and sparked investigations by authorities. In his message, Anderson wrote, “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. Here Is A Look At The …

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani
2 months, 3 weeks ago

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani

Op India  

A US Congressman has strongly opposed the outgoing Biden administration’s decision to investigate Indian business conglomerate Gautam Adani, stating that ‘selective prosecution’ over rumours abroad risks critical alliances with America’s key partners. Republican Congressman Lance Gooden penned a sharply worded letter to U.S. Attorney General Merrick B. Garland, criticizing the indictment of industrialist Gautam Adani and labelling it a “selective …

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe
2 months, 3 weeks ago

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe

Hindustan Times  

Republican lawmaker Lance Gooden has slammed the Joe Biden administration for investigating Indian billionaire Gautam Adani, warning it could strain key alliances. Lance Gooden, in a letter to US attorney general Merrick B Garland, questioned, “What will the US do if India refuses an extradition request?” The Congressman has sought answers on the justice department's ‘selective actions’ against foreign entities, …

Gautam Adani: Trial by fire
3 months ago

Gautam Adani: Trial by fire

India Today  

If there were many who left a mark on 2024, billionaire Gautam Adani was one on whom 2024 left a mark. It began on November 20 when the US Distr­ict Court, Eastern District of New York, accu­sed top executives of Azure Power, an Indian solar power producer listed on the New York Stock Exchange, of colluding with Gautam Adani and …

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director
3 months, 3 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 …

Why it's a rocky road ahead for Adani Group
3 months, 4 weeks 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 Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 months, 4 weeks 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 …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 months, 4 weeks 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
3 months, 4 weeks 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?
4 months 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
4 months 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
4 months 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 …

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani
4 months ago

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani

ABP News  

Gautam Adani, chairman of Adani Group, on Saturday highlighted the conglomerate's resilience amidst challenges, declaring that "every attack makes us stronger, every obstacle becomes a stepping stone for a more resilient Adani Group." The event, hosted by the Gem & Jewellery Export Promotion Council and attended by industry luminaries, also served as a platform to discuss strategies for overcoming challenges …

The Adani-Modi Nexus Faces Its Greatest Test
4 months ago

The Adani-Modi Nexus Faces Its Greatest Test

The Hindu  

Published : Nov 30, 2024 18:52 IST - 15 MINS READ To contend that the indictment of Gautam Adani, his nephew, and their associates, in the United States has dealt a blow to the ambitions of one of India’s, and the world’s, richest men, would be an understatement. The 30,000-word report of the New York-based short-selling firm Hindenburg Research published …

Adani U.S. indictment: What is the diplomatic impact? Watch Video
4 months ago

Adani U.S. indictment: What is the diplomatic impact? Watch Video

The Hindu  

It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. The Adani group has denied the charges - 5 …

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’
Trending News
4 months 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?
4 months 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
4 months 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
4 months 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 ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained
4 months ago

Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained

Live Mint  

Gautam Adani, the billionaire Chairperson of Adani Group, is likely to face a long road to trial in the United States over criminal charges related to his alleged multi-billion-dollar fraud and bribery scheme, news agency Reuters reported on Wednesday, November 27. Adani is also accused of conspiring to pay about $265 million in bribes to Indian government officials to obtain …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
4 months 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 …

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

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

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 …

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

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
4 months 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: Is Andhra Pradesh planning to cancel power deal with Adani Group?
Top News
4 months 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
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 …

Adani Group deals at risk: How countries have reacted after bribery charges
4 months 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 standoff forces Houses to adjourn on Day 1 of session
4 months 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 …

Will bribery allegations against Adani intensify FPI selling spree in Indian markets?
Trending News
4 months, 1 week 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 bonds slide to year low as investors and lenders weigh bribery allegations
4 months, 1 week ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Bribery Scheme: More trouble for Adani Group as partners, investors review ties
4 months, 1 week 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: …

Rising geopolitical tensions, Adani ‘bribery’ case add to Indian market’s woes — expert advice
4 months, 1 week ago

Rising geopolitical tensions, Adani ‘bribery’ case add to Indian market’s woes — expert advice

Live Mint  

The current week brought a new wave of challenges stemming from both international and domestic political conflicts. However, this time, the intensifying rivalry between the BJP and Congress brought the Adani bribery case to the forefront, reported by the U.S. Department of Justice. The market showed resilience by the end of the week, signalling that domestic political turmoil is unlikely …

Gautam Adani bribery case: Everything we know about US indictment of Indian billionaire
4 months, 1 week ago

Gautam Adani bribery case: Everything we know about US indictment of Indian billionaire

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 has …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
4 months, 1 week 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 …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 months, 1 week 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 …

US bribery charges linked to only one contract, comprises 10% of business: Adani Group CFO
Top News
4 months, 1 week ago

US bribery charges linked to only one contract, comprises 10% of business: Adani Group CFO

Live Mint  

A US bribery indictment of billionaire industrialist Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, said the conglomerate's chief financial officer on Saturday, November 23. Adani Group CFO defends conglomerate against bribery charges CFO Jugeshinder Singh …

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