Tag: Adani US indictment

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

February 11, 2025 admin

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 (DoJ) such as the indictment against the Adani Group in an alleged bribery scam, which “jeopardises the relationship with close ally India”. Lance Gooden, Pat Fallon, Mike…

Business

U.S. Congressman challenges Biden administration’s decision to investigate Gautam Adani

January 8, 2025 admin

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…

Business

U.S. case against India’s Gautam Adani appears strong but extradition unlikely, experts say

December 16, 2024 admin

Indian billionaire Gautam Adani. | Photo Credit: Reuters The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon. Federal prosecutors in Brooklyn last month unsealed an…

Business

India’s solar energy agency changes bidding policy after Adani bribery allegations, says source

December 16, 2024 admin

Indian billionaire Gautam Adani. | Photo Credit: Reuters An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. The Solar Energy Corporation of India (SECI)…

Business

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

November 29, 2024 admin

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. Remember these are indictments…

World

Adani group stocks recover sharply; Adani Enterprises up 10%

November 27, 2024 admin

Adani Power was nearly 16% up, while Adani Ports and SEZ had risen 7.2% in the morning trade on November 27, 2024. | Photo Credit: Dado Ruvic After getting beaten down on Tuesday, all Adani group stocks recovered sharply on Wednesday (November 27, 2024), with Adani Green Energy Ltd. seeing the first uptick in share…

Business

TotalEnergies pauses business with Adani, says it was not aware of U.S. investigation

November 25, 2024 admin

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…

Business

Live tracking Adani Stocks: Adani Group shares plunge after U.S. bribery indictments

November 21, 2024 admin

Adani Group’s plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. In an indictment unsealed by federal prosecutors in New York on Wednesday (November 20, 2024), Gautam…

Business