FOREIGN CORRUPT PRACTICES ACT
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'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.
Azure Power: Who are the key people now in the company central to $250 mn 'bribery' case against Adani
Indian billionaire Gautam Adani and associates have been indicted by US prosecutors for an alleged $265 million bribery scheme. They are accused of bribing Indian officials to secure business advantages and misleading US investors. The Adani Group denies the allegations and plans to pursue legal action.
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.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
Indian billionaire Gautam Adani and associates are facing U.S. charges for allegedly orchestrating a multi-million dollar bribery scheme to secure a solar energy contract. Authorities allege Adani bribed local Indian officials to ensure the purchase of solar power, misleading U.S. investors in the process. The alleged scheme, spanning several years, involved falsified documents and hidden transactions during fundraising efforts.
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.
- Go To Page 1
How did the Adanis come in the US Justice Department's crosshairs?
The US Department of Justice has indicted Gautam Adani and other executives from the Adani Group and Azure Power for allegedly bribing Indian officials. The charges include violations of the Foreign Corrupt Practices Act and securities laws. The indictment could have significant implications for the Adani Group, potentially impacting its relationships with investors and financial institutions.
Executives of Azure Power, CDPQ violated FCP Act: US DoJ
The US Department of Justice has indicted executives from Azure Power and its shareholder CDPQ, alleging their involvement in a bribery scheme. They are accused of coordinating with members of the Adani family to secure government contracts for solar projects in India, violating the Foreign Corrupt Practices Act.
Adani Group faces funding challenges and halted projects following SEC charges
The US Securities and Exchange Commission (SEC) has charged Gautam Adani and seven others with bribery and fraud, impacting the Adani Group's fundraising abilities. The charges led to Adani Green Energy canceling a $600 million bond offering and caused a decline in group company bond values.
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.
Gautam Adani bribery, fraud case: All you need to know about it
Gautam Adani $250 mn bribery, fraud case: Gautam Adani and seven co-defendants face U.S. charges of fraud, bribery, and corruption for allegedly falsifying records to secure billions from Wall Street while planning $265 million in bribes to Indian officials to win solar energy contracts. Prosecutors claim the scheme deceived investors and violated U.S. securities laws. The Adani Group has denied allegations made by the US Department of Justice and SEC against its directors, calling them baseless.
Gautam Adani indicted in US over role in alleged bribery, fraud
Gautam Adani Bribery Case: Primarily, the charges are: "Conspiracy to commit securities and wire fraud, as well as substantive securities fraud, for their roles in a multi-billion-dollar scheme to obtain funds from US investors and global financial institutions through false and misleading statements".
Adani shares crash up to 20% after Gautam Adani indicted in US on bribery, fraud charges
Adani Enterprises Share Price: Gautam Adani and seven others were charged in the US in a multibillion-dollar bribery and fraud case. Adani Group company stocks fell sharply. Adani and the others are accused of bribing Indian officials to secure solar energy contracts. They allegedly defrauded US investors. The US Securities and Exchange Commission filed charges. Adani Group scrapped a $600 million bond offering.
Trump's immigrant deportation plan hinges on a 226-year-old law last used during World War 2
President Trump's plan to deport millions of undocumented migrants faces legal and logistical hurdles. While existing law mandates due process, Trump might invoke the Alien Enemies Act, potentially allowing deportation based on nationality. However, court backlogs, funding constraints, and potential legal challenges could hinder the plan's implementation.
Delhi HC stays trial court proceedings against P Chidambaram in Aircel-Maxis case
The Delhi High Court has temporarily halted the trial court's proceedings against senior Congress leader P. Chidambaram in the Aircel-Maxis money laundering case. Chidambaram challenged the trial court's decision to acknowledge the charges filed by the Enforcement Directorate, arguing that the necessary permission for prosecution of a former public servant was absent.
Ecommerce firms should respect law of land: Piyush Goyal
Recently Piyush Goyal had stated that some ecommerce firms were violating foreign direct investment norms and follow unfair pricing. The Confederation of All India Traders (CAIT) too had claimed the violation of the same which hurt small businesses.
Ecommerce firms should respect law of land: Piyush Goyal
Commerce Minister Piyush Goyal reiterated that e-commerce companies must comply with the nation's FDI regulations. Goyal's statement follows recent investigations into alleged violations by major e-commerce platforms. Current regulations permit 100% FDI in the marketplace model, prohibiting foreign investment in inventory-based models.
CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist taxpayers in reporting foreign assets and income
India's Central Board of Direct Taxes (CBDT) has launched a campaign to help taxpayers accurately report foreign income and assets in their tax returns. The campaign uses data from international agreements to identify taxpayers who may have foreign holdings and provides them with information and resources to ensure compliance.
CAIT releases white paper with allegations of unfair trade practices against quick commerce companies
Indian traders are worried about quick commerce platforms. CAIT says these platforms are using unfair practices to control the market. They are accused of hurting small businesses like Kirana stores. The traders want the government to take action. They want stricter rules for these platforms to protect small businesses.
China delimits contested South China Sea shoal in dispute with Philippines
China has asserted its claim over the disputed Scarborough Shoal in the South China Sea by publishing baselines around it, escalating tensions with the Philippines. This move follows the Philippines' recent legislation defining its maritime zones in the area, which China deems a violation of its sovereignty.
Donald Trump's erratic foreign policy to meet 'a world on fire'
As Donald Trump claims victory in the US presidential election, global uncertainty mounts over his foreign policy plans. Trump's promises include ending the Ukraine war within 24 hours, adopting a tougher stance on China, and providing unwavering support for Israel. However, concerns linger about potential turbulence and unpredictability, reminiscent of his first term, particularly regarding NATO and international relations.
Ex-GST officer ordered to return Rs 1.24 crore in corruption case, jailed and fined Rs 1 lakh along with wife
A special CBI court has convicted a retired GST superintendent and his wife for amassing unaccounted assets worth Rs 1.24 crore, disproportionate to their income. The court sentenced Prasiddh Dubey to four years in prison and his wife Vimla to two years. The case spanned from 1994 to 2018, with ill-gotten assets now forfeited to the state.
Indian Law firms need to be ready for legal tech and foreign law firms: Ajay Khatlawala
Little & Co., one of India's oldest law firms, is adapting to modern advancements while maintaining its 168-year tradition. The firm plans to focus on a dynamic growth strategy, embracing legal technology, and exploring new practice areas. They aim to blend international and local expertise in collaboration with foreign law firms, ensuring a blend of tradition and innovation.
Karnataka HC grants interim stay on CCI proceedings against Flipkart, Amazon
The Karnataka High Court has temporarily halted the Competition Commission of India's investigation into Flipkart and Amazon due to procedural errors by the director general. The investigation alleges the ecommerce giants violated FDI rules and engaged in anti-competitive practices like exclusive launches, deep discounting, and preferential listings.
MUDA Scam: As Siddaramaiah faces setback in HC, CM says he will decide on future course of action
Chief Minister Siddaramaiah will decide his next legal steps after the High Court dismissed his challenge against Governor Thawarchand Gehlot's order allowing his prosecution. The case involves the allotment of housing plots to his wife in Mysuru. BJP demands his resignation, while Congress supports him, alleging a conspiracy.
Jharkhand CM most corrupt, played with India's healthy democratic practices: Rajnath Singh
Defence Minister Rajnath Singh criticised Jharkhand CM Hemant Soren as corrupt and urged voters to support BJP in the upcoming assembly elections. He also accused Rahul Gandhi of tarnishing India's image abroad. Singh highlighted BJP's achievements under PM Modi and emphasized the need for change in Jharkhand's governance.
Wockhardt says acted as per laws, denies Congress' charges over affiliate rental payments to Sebi chief
Wockhardt has refuted allegations of conflict of interest and corruption made by the Congress party against SEBI chairperson Madhabi Puri Buch. The claims relate to rental payments by Carol Info Service, an affiliate of Wockhardt, which is involved in multiple cases with SEBI, including insider trading. Wockhardt termed the allegations as baseless and misleading.
In a first, two ex-Chinese defence ministers to be tried for corruption; Expelled from Communist Party
Li, who went missing last year following an investigation into alleged corrupt practices, was expelled from the party on Thursday for serious violation of Party discipline and the law, the state-run Xinhua news agency reported. A similar announcement said Wei too was expelled from the party and to be prosecuted. Wei served as Defence Minister from 2018-23 and Li barely served a few months as his successor.
Saurabh Bharadwaj raises concern over irregularities in NEET, appeals to support students' demands
Delhi Health Minister Saurabh Bharadwaj on Sunday raised concern over "irregularities" in the NEET-UG examination and appealed to the public to come in support of the students demanding re-examination. In a video message circulated by the Aam Aadmi Party (AAP), Bharadwaj extended solidarity with the students who have been staging protests across the country against the alleged paper leak and fraudulent practices in the MBBS qualifying examination.
Load More
