Tag: Adani US bribery case

Gautam Adani Indictments: A ‘bribery scheme’ to bag lucrative solar power contracts

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Gautam Adani Indictments: A ‘bribery scheme’ to bag lucrative solar power contracts

The indictment of industrialist Gautam Adani and his business associates by the U.S. Department of Justice (DoJ) presents detailed allegations regarding the processes followed by senior executives of Adani Green Energy Ltd. and Azure Power Global Ltd. (a renewable energy company headquartered in New Delhi, which used to be listed on the New York stock…

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Business

Kenya cancels airport and energy deals with Adani group after U.S. indicts the tycoon

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Kenya cancels airport and energy deals with Adani group after U.S. indicts the tycoon

Kenyan President William Ruto said on Thursday (November 21, 2024) that he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to the Adani Group | Photo Credit: Reuters Kenya’s President said on Thursday (November 21, 2024) that he has cancelled multimillion-dollar airport expansion and energy deals…

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World

Gautam Adani faces five-count criminal indictment in U.S. for bribery, security fraud

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Gautam Adani faces five-count criminal indictment in U.S. for bribery, security fraud

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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Business

Gautam Adani Bribery case: Indian billionaire faces five-count criminal indictment in U.S. for bribery, security fraud

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Gautam Adani Bribery case: Indian billionaire faces five-count criminal indictment in U.S. for bribery, security fraud

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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Business

Gautam Adani indicted in U.S. with bribery; bond deal pulled

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Gautam Adani indicted in U.S. with bribery; bond deal pulled

Adani Group Chairperson Gautam Adani. File photo | Photo Credit: PTI Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, according to U.S. prosecutors. Authorities said Mr. Adani and seven…

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World