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Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the U.S. Department of Justice with being part of an alleged scheme to pay $265 million in bribes to Indian officials. File. | Photo Credit: PTI Billionaire Gautam Adani and his nephew Sagar Adani have…
Representational image of the Adani Group logo | Photo Credit: Reuters Ratings agency Fitch has put some of Adani Group’s bonds on watch for a possible downgrade after some of the firm’s key executives were indicted by U.S. authorities on bribery charges. Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and…
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Adani Group CFO Jugeshinder Singh. | Photo Credit: Reuters None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate’s CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani’s indictment on bribery charges in the US. In a post on X (formerly Twitter), Mr. Singh said the…
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Indian billionaire Gautam Adani. | Photo Credit: Reuters A U.S. court indicted billionaire Gautam Adani and seven others including his nephew Sagar and three other executives on charges of fraud and bribery. The case pertained to a deal between Adani Green Energy and a U.S. seller for 12 gigawatts of solar power to be sold to various States. The…
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Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. | Photo Credit: Reuters Asserting that the relationship between India and the U.S. is built on a strong foundation, the White House has expressed confidence…
