ADANI US INDICTMENT
Gautam Adani: US summons & a new twist in India intensify billionaire's troubles
Gautam Adani's business empire faced a new wave of turmoil as a US court indictment accused him of orchestrating a $250 million bribery scheme. The allegations triggered a stock market plunge, wiping out billions from Adani's fortune, and prompted investigations by Indian authorities and the US SEC.
New application filed in SC against Adani Group in connection with the US indictment order
???The application, filed by Vishal Tiwari, an advocate appearing in person, seeks to include critical documents related to criminal charges and securities violations against the conglomerate in a pending case which is related to investigations into the Adani Group's financial practices.
Adani Bribery Case: US SEC summons Gautam Adani, nephew Sagar
Gautam Adani and his nephew Sagar Adani have been summoned by a US court. They are accused of bribing Indian officials to secure solar energy contracts. The US Securities and Exchange Commission alleges the bribes totaled USD 265 million. The Adani Group denies the allegations and maintains its commitment to ethical practices.
Adani Bribery Case: Here are 5 setbacks that followed post indictment
The Adani Group faces setbacks as global banks consider halting new credit lines following a US indictment alleging bribery. Indian regulators are investigating potential disclosure violations, while Kenya scrapped Adani projects. S&P downgraded the outlook for three Adani firms, and the group's stocks experienced a rout, though they partially recovered.
US charges against Adani, 7 others could lead to arrest warrants, extradition bid: Attorney
The US Department of Justice charged Gautam Adani, his nephew Sagar Adani, and others with bribery. They allegedly bribed Indian government officials to secure contracts worth billions of dollars. The US Securities and Exchange Commission also filed charges. Adani Group denied the charges and stated its compliance with all laws.
Adani Group could find funding harder after US indictment as banks review credit
Gautam Adani's group faces funding issues. Banks may limit credit after a US arrest warrant. The warrant is for an alleged bribery case. Adani's companies lost value in the stock market. Investors are concerned. Some deals are cancelled. Indian authorities are investigating.
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What you need to know about the man behind the big jolt to Adani
Gautam Adani and seven others face indictment in the US for alleged bribery related to solar energy contracts.
S&P Ratings says US allegations may renew questions on governance practices at Adani
S&P Global Ratings warns that the US indictment of Adani Group's founder Gautam Adani over bribery allegations could harm the conglomerate's reputation and financial standing. The indictment has already impacted Adani Group's stock and bond prices, leading to cancelled bond sales.
Gautam Adani's biggest trial: How it all started in June 2020
Indian billionaire Gautam Adani and his associates are facing accusations of orchestrating a massive bribery scheme to secure a solar energy contract. US authorities allege that Adani bribed Indian officials and misled US investors, leading to charges of bribery and securities fraud. Here's a look how everything stared in June 2020.
Sebi investigating whether Adani Group flouted disclosure rules: Report
India's market regulator, SEBI, is investigating Adani Green Energy Ltd. for potential disclosure violations regarding a US Justice Department bribery probe. The investigation centers on whether Adani Green adequately informed investors about the investigation and its scope, particularly the involvement of individuals linked to the Adani Group.
Key events in Gautam Adani's US indictment over alleged bribery scheme
Indian billionaire Gautam Adani and two others have been indicted by U.S. prosecutors for allegedly orchestrating a $265 million bribery scheme in India to secure solar power contracts. The U.S. Securities and Exchange Commission also filed civil charges. The Adani Group denies the allegations.
Adani's troubles: Global banks weigh halting fresh credit to Adani after U.S. indictment
Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones. The situation is being closely monitored for its impact on the group's finances and fundraising plans. The Indian government's response is also being watched closely by these international banks.
Solar Energy Corp: The rise of SECI in India and Adani bribery bombshell
India's Solar Energy Corporation of India (SECI), a major player in the country's renewable energy sector, is facing bribery allegations. The U.S. Justice Department alleges that over $250 million in bribes were paid to secure state-level agreements for a massive 15 GW solar project awarded in 2019. The controversy involves prominent figures like Gautam Adani, while SECI denies any wrongdoing.
S&P downgrades outlook on three Adani Group firms amid US indictment
S&P Global Ratings has downgraded the outlook for three Adani Group companies following US authorities indicting founder Gautam Adani on bribery and fraud charges. The allegations have triggered market losses and raised concerns about the group's corporate governance, potentially impacting its operations and credit profile.
Adani Bribery Allegations: Here're the 'encrypted' WhatsApp messages of accused Sagar Adani
Adani Group Bribe Allegations: The Adani Group faces renewed scrutiny after U.S. prosecutors revealed allegations of a $265 million bribery scheme involving top executives, including founder Gautam Adani and his nephew, Sagar Adani. Court filings suggest Sagar meticulously documented hundreds of millions in alleged bribes on his mobile phone, with notes prosecutors labeled as "bribe notes".
Adani bribery charges add to one of Canada¡¯s largest public pension managers' India nightmare
Three former employees of Canada's CDPQ, including Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra, were charged with conspiracy to violate the Foreign Corrupt Practices Act. US prosecutors allege they conspired with Indian billionaire Gautam Adani to bribe Indian officials for solar energy contracts, concealing the scheme from US investors.
Indian tycoon Adani's US indictment spooks investors; bonds fall again
The Adani Group's bonds faced pressure for a second day following fraud charges against founder Gautam Adani by U.S. prosecutors. Despite the group's denial and assurance to investors, its companies lost billions in market value. U.S. prosecutors allege involvement in a $265 million bribery scheme, leading to arrests and investigations.
US charges against Gautam Adani, others spark legal and financial turmoil for Adani Group
The US Department of Justice has charged Gautam Adani, his nephew, and six others with orchestrating a massive corruption scheme that defrauded US investors. The indictment alleges the Adani Group bribed Indian officials to secure contracts, leading to the cancellation of a major airport expansion project in Kenya. Adani Group denies the allegations and vows to pursue legal action.
Rahul Gandhi seeks Adani's arrest in India over indictment in US
Rahul Gandhi called for Gautam Adani's arrest in India following his indictment in the US on charges of corruption and fraud. Gandhi questioned why Adani remains free despite US investigations finding him culpable in a significant scam. He alleged Prime Minister Modi's protection of Adani due to the industrialist's financial ties with the ruling party.
No documentary basis yet to start a probe into Adani fraud charges: SECI Chief
India's Solar Energy Corporation (SECI) stated that an investigation into allegations of fraud and bribery against Gautam Adani and others is premature. SECI claims to have received no official communication from US authorities regarding the indictment and has found no evidence of wrongdoing within its ranks.
Long way before charges against billionaire Gautam Adani are framed
The US Department of Justice has indicted billionaire Gautam Adani and seven others on charges of bribery, fraud, and obstruction of justice. The indictment alleges a scheme to bribe Indian officials and defraud US investors. Adani maintains his innocence, and the case will now proceed to trial.
World's biggest solar deal at the centre of Adani's indictment
Gautam Adani and seven others are facing charges in the US for an alleged bribery scheme. US prosecutors claim the scheme aimed to secure solar energy contracts in India. The charges involve bribes paid to Indian government officials. Adani Green Energy, part of the Adani Group, won a significant solar energy contract in India in 2020.
Charges against Gautam Adani in bribery case credit negative for Adani companies: Moody's
Gautam Adani and seven others were indicted in a US bribery case. Moody's said the indictment is credit negative for Adani Group companies. Adani Group stocks and dollar bond prices fell sharply. Adani bull GQG Partners said it was reviewing the emerging details. GQG's statement came after its stock tumbled 26% in Australia.
Adani indictment: AAP demands Supreme Court scrutinised investigation against Gautam Adani
The Aam Admi Party called for the arrest of Gautam Adani and his nephew. They are also seeking the arrest of all involved officials. This follows an indictment by US prosecutors accusing Adani of bribery. Rahul Gandhi echoed these demands, calling for Adani's arrest and a thorough investigation. He also criticised Prime Minister Modi for allegedly shielding Adani.
$12 billion bill for $265 million bribe charges! How Gautam Adani can fight back
Indian billionaire Gautam Adani and Adani Group executives are facing US charges. They are accused of bribing Indian officials to secure power supply contracts. The charges caused a significant drop in Adani's net worth and impacted Adani Group company stocks. Adani Group denies the allegations and plans to pursue legal options, including a potential settlement.
Adani indictment turns into political slugfest; BJP, Congress slam each other
Gautam Adani, founder of the Adani Group, and seven other executives have been indicted in the US on charges of securities fraud, wire fraud, and violations of the Foreign Corrupt Practices Act. They are accused of orchestrating a bribery scheme to secure solar energy contracts in India and misleading investors, raising over $3 billion.
TMC MP questions 'involvement' of BJP government over bribery charges against Adani
Gautam Adani and associates face US charges for allegedly bribing Indian officials to secure favorable solar energy contracts. Opposition leaders, including Saket Gokhale and Mahua Moitra, criticize the Indian government's silence and demand an independent investigation. Adani Group stocks experience a significant decline following the indictment.
Gautam Adani in trouble: Why is the Indian tycoon facing US bribery charges?
The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts. - Wednesday's indictment in New York accuses Adani Group's leadership of paying more than $250 million to Indian government officials to secure lucrative contracts worth more than $2 billion.
Who are the defendants charged in US indictment of Gautam Adani?
US authorities have charged Gautam Adani and seven others with bribery and fraud. They are accused of paying bribes to secure a solar energy project in India. The charges involve Adani Group, Adani Green Energy, and Azure Power. Adani Group denies the charges. CDPQ, a Canadian investment firm, confirms its former employees are involved and is cooperating with US authorities.
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