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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 …

State Reddy Group Adani Seci
Stalin attacks PMK founder, dismisses Adani link claims
1 month, 2 weeks ago

Stalin attacks PMK founder, dismisses Adani link claims

Hindustan Times  

Tamil Nadu chief minister MK Stalin on Monday hit out at S Ramadoss, founder of the Pattali Makkal Katchi, an ally in the NDA, over the latter’s allegation that the DMK chief and industrialist Gautam Adani held a secret meeting in Chennai at the CM’s residence. Tamil Nadu Chief Minister MK Stalin claimed Ramadoss keeps issuing such statements “as he …

India Tamil Nadu Solar Power Minister Chief Stalin Nda
Jagan Reddy embroiled in Adani bribery case: Timeline of meetings, power purchase
1 month, 2 weeks 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 …

Power Jagan Agreement State Sec Pradesh Gautam Adani
Gautam Adani bribery case: No direct agreement involved, says Jagan Reddy’s YSRCP over charges of power purchase
1 month, 2 weeks 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 …

Power Jagan Agreement State Ysrcp Adani Seci
Adani met Jagan Reddy in 2021, promised bribes, says US regulator
1 month, 2 weeks ago

Adani met Jagan Reddy in 2021, promised bribes, says US regulator

India Today  

The United States Securities and Exchange Commission has alleged that Gautam Adani met then Andhra Pradesh Chief Minister Jagan Mohan Reddy in August 2021 to address the state's reluctance to sign an agreement with the government-run Solar Energy Corporation of India. However, Jagan Reddy's party, which was in power between 2019-2024, said its government had no "direct agreement" with the …

Power Solar Solar Power Agreement State Reddy Pradesh
MK Stalin's DMK government in Tamil Nadu rejects Adani bribe allegations, demands probe amid political fallout - Tamil Nadu News
1 month, 2 weeks ago

MK Stalin's DMK government in Tamil Nadu rejects Adani bribe allegations, demands probe amid political fallout - Tamil Nadu News

India Today  

The DMK government in Tamil Nadu has denied any direct ties to the Adani group following allegations in a US court that the conglomerate promised bribes to Indian government officials between July 2021 and February 2022. Tamil Nadu Electricity Minister Senthil Balaji clarified that the state’s power department has not entered into any direct agreements with the Adani group since …

Tamil Nadu Allegations Power Tamil State Bjp Group
YSRC Denies Direct Agreement Between AP Discoms and Adani Group
1 month, 2 weeks ago

YSRC Denies Direct Agreement Between AP Discoms and Adani Group

Deccan Chronicle  

Vijayawada: The YSRC has denied allegations of a direct agreement between Andhra Pradesh Discoms and the Adani Group following claims of bribery involving government officials to secure power, as reported in an indictment by the US Department of Justice. In a statement issued on Thursday, the YSRC clarified that it received an offer from the Solar Energy Corporation of India …

Seci Ysrc Denies
What is the case in which Gautam Adani has been charged with bribery in US?
1 month, 3 weeks ago

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

India Today  

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

Indian Power Solar Solar Power Group Gautam Adani Energy Company
Power purchase agreements with SECI, NTPC vulnerable to risks: India Ratings
5 years, 5 months ago

Power purchase agreements with SECI, NTPC vulnerable to risks: India Ratings

Live Mint  

Mumbai: Lenders to renewable energy companies have long believed that their borrowers’ finances are intact as long as these companies have power purchase agreements with reliable counterparties such as Solar Energy Corporation of India and National Thermal Power Corporation of India and not with the less dependable state distribution companies. India Ratings studied the fine print in several power purchase …

India Power Payment Psa Ntpc Signed Obligations