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The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing the high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations. With this, multiple U.S. regulatory and legal investigations involving the group…
The November 2024 indictment in New York accused Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme | Photo Credit: Reuters Billionaire industrialist Gautam Adani has agreed to pay a multi-million-dollar settlement in a U.S. civil court case linked to corruption without admitting guilt, his company said…
Read More “Gautam Adani agrees to $18 million penalty in U.S. bribery case” »
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. In a strongly worded letter to U.S. Attorney General Merrick B. Garland, Congressman Lance Gooden, a member of the House Judiciary…
TotalEnergies purchased a 19.75% stake in Adani Green Energy in January 2021 – after the Indian company won what was then the world’s largest solar order, and just months before the payments to officials were alleged to have begun. | Photo Credit: Reuters French oil major TotalEnergies SE was not informed of a U.S. investigation…
Read More “TotalEnergies pauses business with Adani, says it was not aware of U.S. investigation” »