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Tag: Azure Power

Adanis knew of U.S. probe when they sold ‘bribe-linked assets’ to TotalEnergies, say prosecutors

Posted on November 22, 2024 By admin
Adanis knew of U.S. probe when they sold ‘bribe-linked assets’ to TotalEnergies, say prosecutors

In September 2024, TotalEnergies paid $444 million into a joint venture with Adani Green Energy for a 50% stake in 1.15 gigawatts of solar installations at the Khavda solar park. File | Photo Credit: Reuters “Gautam and Sagar Adani knew their renewable energy company was under U.S. investigation for suspected bribery when they sold part…

Read More “Adanis knew of U.S. probe when they sold ‘bribe-linked assets’ to TotalEnergies, say prosecutors” »

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

Posted on November 21, 2024 By admin
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…

Read More “Gautam Adani Indictments: A ‘bribery scheme’ to bag lucrative solar power contracts” »

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