US DEPARTMENT OF JUSTICE CHARGES
Extraterritorial application of US laws: Former foreign secy Kanwal Sibal suggests Adani case be transferred to India
Former foreign secretary Kanwal Sibal criticized the US for alleging bribery charges against the Adani Group, calling it an overreach of US jurisdiction. He questioned the basis of US involvement, suggesting that the case should be handled by Indian legal systems if the allegations are proven.
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.
US charges Indian national with conspiring to illegally export aviation components to Russia
Sanjay Kaushik, a 57-year-old Indian national, was arrested in Miami and charged with conspiring to illegally export US aviation components to Russia. Prosecutors allege that Kaushik and his co-conspirators purchased aviation goods under false pretenses, intending to ship them to Russian end users despite export restrictions imposed following the invasion of Ukraine.
Azure probe found irregularities, shared details with justice department
Azure Power's internal probe, prompted by whistleblowers, uncovered employee misconduct and potential improper payments related to a solar project in Andhra Pradesh. The company shared its findings, which included evidence of data manipulation, with the US Department of Justice. Azure surrendered the project to SECI, citing the investigation, and it was later awarded to Adani Green.
IIFCL has investments in Adani and other infrastructure projects: MD
IIFCL's Managing Director, P R Jaishankar, assured investors that the company's investments in Adani Group projects are secure and isolated within special purpose vehicles. Despite the US Department of Justice's allegations against the Adani Group, Jaishankar emphasized that IIFCL's investments are protected and the company maintains a low NPA level of 0.22%.
- Go To Page 1
DoJ pushes to dismantle Google's search monopoly; what it means for the tech giant
The case, which was initially filed during President-elect Donald Trump's first term, aims to stop Google from using its dominant search engine to unlawfully suppress competition and hinder innovation. Going forward, Google can present its own proposed fixes in December, while federal regulators plan to submit a revised edition of their proposals by early March. Court hearings on the proposed measures will begin in April.
What you need to know about the proposed measures designed to curb Google's search monopoly
The US Justice Department has proposed aggressive measures to curb Google's market dominance in online search, including a potential breakup of the tech giant. These recommendations, if adopted, could force Google to spin off its Chrome browser, license its search data to competitors, and cease prioritizing its own services in search results.
DoJ claims Adanis gave inaccurate info to investors, false declarations to exchanges
On March 17, 2024, the conglomerate's corporate finance head had sent correspondence to a financial institution, with Sagar Adani in copy, stating that media coverage of the investigation by US prosecutors was "baseless," "malicious" and "defamatory," according to the indictment papers.
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.
Adani stocks take Rs 2.24 lakh crore hit
Ten out of the 11 Adani stocks fell 6% to 24% in Thursday's trading. Shares of the flagship company Adani Enterprises declined the most at 23.44%, and Adani Energy Solutions and Adani Wilmar plunged 20% and 10%, respectively.
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.
No comments for now over Adani solar power row, says TDP on allegations of bribes to Andhra officials for purchases
Telugu Desam Party (TDP), an NDA ally, is currently reviewing the allegations against the Adani Group regarding potential bribes paid for solar power contracts in Andhra Pradesh. The US Department of Justice has charged Gautam Adani and others, but the Adani Group denies these claims. TDP plans to announce its stance after a thorough examination of the situation.
Will Google be forced to sell Chrome? Here¡¯s what US Department of Justice has proposed
The US Department of Justice (DOJ) has intensified its antitrust efforts with a bold proposal to implement sweeping measures aimed at breaking Google¡¯s dominance in the search market.
Adani Group scraps $600 million bond after US bribery charges against founder
The Adani Group has scrapped a $600 million bond offering following US charges against its founder, Gautam Adani, for alleged bribery. The charges sent the group's US dollar bonds tumbling, reflecting investor concerns. Adani is accused of orchestrating payments to secure solar energy contracts in India.
Not sure if covenants violated: SECI on being named in Adani bribery case
India's SECI, named in Adani bribery allegations, stated it hasn't received any documents regarding the charges and is unsure of any covenant violations. Adani Group refuted the US authorities' allegations of a $250 million bribery scheme, deeming them baseless and committed to legal recourse while upholding its governance and compliance standards.
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
US regulators are pushing for a significant restructuring of Google. They aim to curb the tech giant's dominance in the search engine market. A federal judge is being urged to order the sale of Google's Chrome web browser. Regulators also want to limit Android's favouritism towards Google's search engine.
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
U.S. regulators are urging a federal judge to order the breakup of Google, arguing that it's necessary to curb the company's monopolistic grip on the search market. The Justice Department's proposal includes forcing Google to sell its Chrome browser and implement measures to prevent Android from favoring its search engine.
Top Trump pick Matt Gaetz once faced a sex trafficking probe by the Justice Department he could now lead
Donald Trump's pick for attorney general is Matt Gaetz. Matt Gaetz, a former Florida congressman and fierce Trump loyalist, has been nominated by United States President-elect Donald Trump as Attorney General. But he faces allegations, including claims of sex with a minor, illicit drug use, and misuse of funds. He has been picked by Trump to lead the Justice Department.
US to call for Google to sell Chrome browser: report
The US will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report Monday. Antitrust officials with the US Department of Justice declined to comment on a Bloomberg report that they will ask for a sell-off of Chrome and a shake-up of other aspects of Google's business in court Wednesday.
US to call for Google to sell Chrome browser: report
The US Department of Justice is urging a judge to order Google to sell its Chrome browser as part of a major antitrust crackdown. The government alleges that Google is an illegal monopoly that has stifled competition. Remedies sought also include preventing Google from bundling its Android mobile operating system with its other products.
Jolted by Trump's victory, panicky Iran gives written assurance to the U.S that it will not seek to kill the President-elect
A revelation pretty recently came to light following the victory of Donald Trump in the US Presidential Elections that Iran being under severe panic has given a written assurance to the US government that it will not seek any sort of attempts to assassinate US President- elect Donald Trump.
US charges Iranian man in plot to kill Donald Trump, Justice Dept says
The U.S. Justice Department has charged an Iranian man, Farhad Shakeri, with plotting to assassinate former President Donald Trump. Shakeri, allegedly an asset of Iran's Revolutionary Guards Corps, is accused of seeking a plan to kill Trump and targeting a U.S. citizen critical of Iran's government.
Vikas Yadav 'wanted' by FBI: What are the charges against ex-RAW officer named in Gurpatwant Singh Pannun assassination plot?
FBI Vikas Yadav: The US has accused a former Senior Field Officer of RAW, Vikas Yadav, in an alleged murder-for-hire plot against Khalistani separatist Gurpatwant Singh Pannun. Vikas Yadav has been accused of recruiting an Indian national, Nikhil Gupta, to execute the assassination of Pannun. Vikas Yadav, 39, remains in India and is currently at large.
Pannun murder plot: US likely sending stern warning to China and Russia using ex-RAW operative's case
RAW Agent Charges: The U.S. Department of Justice has charged former Indian intelligence officer Vikash Yadav for an alleged plot to assassinate pro-Khalistan extremist Gurpatwant Singh Pannun in New York, revealing serious transnational repression attempts. Yadav is said to have recruited Nikhil Gupta to hire a hitman, who turned out to be an undercover DEA officer.
US seeks Vikas Yadav's info, may contact MEA consular office
The US has asked India for information on Vikas Yadav, charged with plotting against GS Pannun. Extradition is complicated by Yadav's ongoing legal case in India. The US named Yadav after initially referring to him as 'CC-1'. The FBI has added Yadav to its wanted list.
Load More
