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Former Attorney General Mukul Rohatgi spoke to the media this morning New Delhi: Punching holes in the allegations against Adani Group, senior lawyer and former Attorney General of India Mukul Rohatgi today said the group’s founder chairman Gautam Adani and his nephew Sagar Adani have not been accused of bribery or obstructing justice in the…
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Adani Group chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jain are clear of any bribery charge in the US indictment, the Adani Group has clarified. Adani Green, a firm under the Adani Group, has also called media reports on this as “incorrect”, in a latest stock exchange filing. “Mr Gautam Adani,…
New York: There remains a possibility that the $265 million bribery case against billionaire Gautam Adani can be withdrawn if the charges against him are deemed “unworthy or defective” after Donald Trump takes over as the US President, a prominent Indian-American attorney has said. Attorney Ravi Batra told PTI that while every new president has…
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Indian stock markets rallied this morning after the BJP-led NDA secured a massive victory in the assembly elections in Maharashtra, which houses the country’s financial capital Mumbai. Stocks of the Adani Group also opened higher after a sharp sell-off triggered by allegations of a $250 million bribery scheme which the conglomerate categorically denied, calling them…
Read More “Sensex Rises 1,300 Points, Adani Stocks Rally As Flagship Firm Jumps 4%” »
Representational file image. | Photo Credit: VIJAY SONEJI A review committee formed by Bangladesh’s interim government on Sunday (November 24, 2024) recommended engaging an investigation agency to examine power agreements signed by deposed prime minister Sheikh Hasina’s regime with different business groups, including one with India’s Adani Group. “The National Review Committee on Ministry of…
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Represesntational image. File | Photo Credit: AP A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s CFO said on Saturday (November 23, 2024). On Wednesday (November 20,…
The Adani Group said that these are mere allegations and must be seen only as that. New Delhi: The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10 per cent of the subsidiary’s business. None of the Adani Group’s 11 public companies is…
BJD’s Pratap Keshari Deb termed the allegations ‘baseless and incorrect’. New Delhi: Responding to allegations that Odisha government officials took bribes for a power purchase agreement in 2021, when it was in power in the state, the Naveen Patnaik-led Biju Janata Dal has said the deal was between two government entities and no private parties,…
Adani Power, a part of the Adani conglomerate, had started supplying power to Bangladesh in April 2023. File | Photo Credit: Reuters Indictment of Gautam Adani and several top officials of the Adani conglomerate in the U.S. may become a factor in future negotiations between the Adani Group and the interim government in Bangladesh, energy…
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Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit…
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