US PROSECUTORS INDICTMENT
Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged
Abu Dhabi's IHC maintains its investment stance in India's Adani Group despite a recent US indictment against Gautam Adani and other executives for alleged bribery. IHC expressed confidence in Adani's green energy contributions. The indictment follows previous accusations of stock manipulation and high debt, which Adani denied.
Adani Energy Solutions, Adani Total Gas shares soar up to 19%. Here¡¯s the reason behind the rally
Adani Total Gas Share Price: Adani Group stocks surged after clarifying bribery allegations. Shares of Adani Energy Solutions, Total Gas, and Green Energy hit upper circuits, following a clarification on US fraud charges and their impact.
Adani Group indicted: Why India needs a unified & diversified private sector push for strategic goals
US prosecutors indicted Adani Group officials. Several countries are reviewing Adani projects. This impacts India's global image and connectivity goals. India's private sector needs to increase its role in international development. This will support India's foreign policy and strategic ambitions.
US judge dismisses federal indictments against Donald Trump in election subversion, classified documents cases
Special counsel Jack Smith dropped federal charges against former President Donald Trump related to the 2020 election and classified documents. Citing Justice Department policy, Smith acknowledged the charges couldn't proceed against a sitting president. Trump, recently re-elected, called the cases "empty and lawless." State-level charges in Georgia and New York remain.
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.
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Gautam Adani's US bribery indictment: What you need to know
Indian billionaire Gautam Adani and seven others have been indicted by U.S. prosecutors for an alleged $265 million bribery scheme involving Indian officials. The "Corrupt Solar Project" charges relate to power supply deals, impacting Adani Group's global infrastructure projects. The company denies the allegations, but the scandal has triggered investigations, stock declines, and project cancellations worldwide.
Adani case raises issue of extraterritorial application of American laws: Attorney
Gautam Adani and seven others, including his nephew, face a USD 265 million bribery charge in the US. Indian-American attorney Ravi Batra raises concerns about the extraterritorial application of US law. The indictment alleges conspiracies to commit securities and wire fraud, impacting US investors and global financial institutions. Adani and others must respond to the charges within 21 days.
Adani stocks jump up to 7% as investors look beyond bribery charges
Congress MPs raised bribery charges against Adani Group. Congress's RS MP Pramod Tiwari said his party wanted the Adani issue to be taken up in Parliament as the first thing when it met on Monday. "It is a grave issue involving the country's economic and security interests as over Rs 2,300 crore was allegedly paid by the company to politicians and bureaucrats to get favourable deals for its solar energy projects," he said.
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.
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.
What's next for Gautam Adani after U.S. bribery, fraud charges?
Indian billionaire Gautam Adani faces charges in the U.S. for allegedly orchestrating a massive bribery scheme to secure solar energy contracts. Prosecutors allege over $250 million in bribes were paid to Indian officials. While Adani remains in India, he could face extradition and decades in prison if found guilty.
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.
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.
Opposition assails government, Adanis after group charged with paying bribe, says will raise matter in Parliament
The Adani Group faces accusations of bribery and fraud from US prosecutors, prompting calls for investigation from Indian opposition parties. Rahul Gandhi urges for Gautam Adani's arrest and a probe into SEBI's role, while the Adani Group denies all allegations.
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.
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.
Azure Power responds to US SEC allegations of bribery involving Adani Green
Hours after U.S. prosecutors charged Indian billionaire Gautam Adani and seven others, including former Azure Power officials, in an alleged bribery scheme related to a renewable energy project in India, Azure Power issued a statement reaffirming its commitment to strong governance standards.
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.
Charges against Adani: BJP slams Congress, questions timing of development
The BJP countered Congress's demand for a probe into the Adani Group's alleged bribery scandal, highlighting that the alleged bribes occurred under opposition-ruled states' governance. The BJP emphasized the need to respect legal processes and refrain from politicizing the issue.
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.
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