Page 5 - Latest Updates on Gautam Adani SEC indictment

Opposition leaders criticise govt over repeated adjournments in Parliament

Congress MP in the Rajya Sabha Randeep Surjewala raised the issue of corruption, especially related to the bribery allegations against the Adani Group

'Corrupt Solar Project': Adani embroiled in US findings of bribery scheme

US prosecutors charged Gautam Adani, his nephew Sagar Adani who is director at Adani Green, and six others in running an alleged bribery scheme

Adani group shares surged up to 6% today; here's what triggered the rally

Adani Green Energy clarified today that allegations against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain under the US FCPA by the US Department of Justice are "incorrect."

No clarity on who was bribed: Former AG Mukul Rohatgi on Adani-US SEC row

Former Attorney General Mukul Rohatgi said that while the charges refer to allegations of Adanis bribing Indian entities, they do not specify the method of bribery or the persons involved

Cong demands discussion on Adani indictment in Parliament, urges CBI probe

Congress MPs Manickam Tagore, Randeep Singh Surjewala and Manish Tewari moved adjournment notices in this regard

Gautam Adani faces no bribery charges, Adani Group counters US DoJ claims

Adani Green has denied media reports claiming Adani executives were charged with bribery and corruption, clarifying that the charges relate to wire and securities fraud

Gautam Adani, nephew not charged under US FCPA, says Adani Green Energy

Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday. Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the US Department of Justice with being part of an alleged scheme to pay USD 265 million in bribes to Indian officials to win contracts for supply of solar electricity that would yield USD 2 billion profit over a 20-year period. In a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations "are incorrect". They have been charged with offences that are punishable with a monetary fine or penalty. "Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with any violation of the F

Adani bribe row: If no takers, bidders can cut tariff suo motu, says SECI

Communication between SECI and some states suggest tariff was lowered by Adani and Azure after it became tough to find buyers at a price considered expensive

Vedanta Resources raises $800 mn from global investors via new bond issue

UK-based Vedanta Resources, the parent of India's Vedanta, has raised USD 800 million from global investors through a new bond issue. The proceeds will be used to prepay the company's outstanding debt due in 2028. Vedanta Resources Finance II PLC (VRF) said in a Singapore exchange filing that it has raised USD 800 million by issuing new bonds. The issue comprises two tranches of bonds -- one with an aggregate principal amount of USD 300 million of 10.25 per cent bonds due in 2028 and the other involving an aggregate principal amount of USD 500 million of 11.25 per cent bonds due in 2031. The bids were received from existing as well as new set of investors across Asia Pacific, Europe, the Middle East and Africa (EMEA), and the US with more than 90 per cent participation from asset/fund managers across both tranches. As per VRF's stock exchange notification, the final allocation of the bonds includes 32 per cent from Asia, 36 per cent from EMEA, and 32 per cent from US for the bonds

Adani, Wilmar delay share sale as US bribery charges hit Adani group

Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law

Moody's and Fitch take rating action against Adani group companies

The rating action by Moody's, Fitch, and earlier S&P Global may weaken the group's access to external funding and increase its capital costs

Adani Green says no fresh financial commitment with TotalEnergies

On Monday, French energy major TotalEnergies said until such time as the bribery accusations against the Adani group individuals have been clarified, it will not make any new financial contribution

Andhra to review power deal linked to Adani Group amid US SEC charges

The Andhra Pradesh government was set to procure 7,000 MW of solar power from Adani Group through Seci aiming to supply cost-effective power to the agricultural sector

Stock Market Highlights: Sensex holds 80k, ends 100 pts down; Ratings downgrade jolt Adani shares

Stock Market Close Highlights: The NSE Nifty 50 index slipped below 24,200; Small-cap stocks outperformed the broader market, with the Nifty Smallcap100 closing 0.8 per cent higher on Tuesday.

Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows

In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.

Charges against Adani can be withdrawn after Trump takes over: Lawyer

There remains a possibility that the USD 265 million bribery case against Indian billionaire Gautam Adani can be withdrawn if the charges against him are deemed unworthy or defective after Donald Trump takes over as the US President, a prominent Indian-American attorney has said. Attorney Ravi Batra told PTI that while every new president has a new team, President-elect Trump as the 47th President of the US, who is forgoing FBI-checks for his Cabinet, will "neuter any prosecution that's not based in good faith, but is what he has powerfully termed: lawfare. Essentially, that means the law is being applied selectively to target one's opponents, which naturally denies the target of equal protection of the law guaranteed by our Federal constitution, Batra said. He added that that is an issue Gautam Adani can raise with his government, and request them to raise bilaterally with the incoming administration of Trump, who will be sworn in as the 47th US President on January 20, 2025. "If

'No new financial commitments under discussion with TotalEnergies': Adani

French energy conglomerate TotalEnergies would pause further investments in Adani Group companies due to corruption allegations made by the US SEC

Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

The US credit rating agency places three Adani entities under Rating Watch Negative status

Fitch puts some Adani bonds on negative watch after US SEC bribery charges

US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew Sagar Adani and six others for their alleged roles in a $265-million scheme

Andhra govt mulls next steps on Adani, if power deal can be scrapped

Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place