Page 9 - Latest Updates on Gautam Adani SEC indictment

Gautam Adani US indictment: Adani Group stocks extend fall by another 11%

In two days, the stock price of Adani Enterprises and Green Energy have tanked by 28%, Adani Energy slipped 27%, while Ports, Power, Total Gas, Wilmar and Ambuja Cements are down between 14% and 18%

Here's how Gautam Adani's alleged bribery scheme took off and unraveled

The alleged hundreds of millions of dollars in bribes promised to local Indian officials caught the attention of US Justice Department and Securities and Exchange Commission

'Bribe notes' with rates: Filings detail Sagar Adani's role in scandal

Sagar Adani, nephew of billionaire Gautam Adani, noted amount of the bribe he offered, which government official had been offered money and how much solar power official's region would buy in return

Here's what's next for Gautam Adani after US bribery and fraud charges

Adani is charged with foreign bribery, securities fraud, securities fraud conspiracy and wire fraud conspiracy

India-US ties strong: WH confident of navigating crisis over Adani charges

Asserting that the relationship between India and the US is built on a strong foundation, the White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against Indian billionaire Gautam Adani. At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani. Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Obviously we're aware of these allegations, and I would have to refer you to the SEC (Securities and Exchange Commission) and DOJ (Department of Justice) about the specifics of those allegations against the Adani Group, she said. What I will say is on the US and India relationship, we believe that it stands on an extremely strong foundation anchored in ties between our ..

Proxy advisory firms raise alarm on charges against Adani executives

'Allegations can have long-term impact on cost of borrowing'

Adani saga: Lack of takers for RE key reason behind corruption case

SECI could not find buyers for the said "Corrupt solar project," companies resorted to bribing states: SEC findings

Gautam Adani family net worth falls 20% to around Rs 7.8 trillion

At its peak, it was worth $136.3 bn at the end of July this year

Experts warn of severe legal fallout for Adani group and associates

Experts say that under the provisions of US law, particularly the FCPA, an indictment of this nature is a serious offence

Amid US bribery allegations, Rahul Gandhi demands Gautam Adani's arrest

The Adani group denied the charges, saying the allegations were baseless and the conglomerate is compliant with all laws

Markets dip amid selloff in Adani group stocks; Sensex ends 423 pts lower

Conglomerate's combined market capitalisation falls by Rs 2.2 trillion

Sagar Adani's $35 billion green vision eclipsed by bribery allegations

The charges against Sagar stem from his role on the board of the Indian Energy Company, where he has served since October 2018

Adani Group's US exposure spans solar, wind, and Google India operations

AEL says Adani Solar secured its largest single-yr order from a key American utility firm

Rahul Gandhi demands immediate arrest of Adani, probe against Sebi chief

Leader of Opposition Rahul Gandhi on Thursday demanded immediate arrest of industrialist Gautam Adani after the billionaire industrialist was charges in the US for alleged bribery and fraud. Addressing a press conference here hours after the US prosecutors charged Adani and associates for allegedly paying USD 250 million bribe to Indian officials, the Congress leader said it is now pretty clear and established in the US that the businessman has broken Indian as well as American laws. The Adani group has not yet reacted to the charges. Taking a jibe at Prime Minister Narendra Modi's 'Ek hain to safe hain' slogan, Gandhi said that as long as the prime minister and Adani are together, they are safe in India. He said Adani should be arrested immediately and interrogated, and his "protector" and Sebi chairperson Madhabi Puri Buch should be removed from her post probed. Gandhi further said he will raise the issue during the Winter session of Parliament beginning Monday. He also said th

Legal experts see no knee-jerk response from Sebi on US indictment of Adani

Indian market regulator has taken stringent measures when it comes to misstatements and non-disclosures in the domestic market, say lawyers

Hindenburg to Carmichael mine: Many disputes of billionaire Gautam Adani

The regulator said investigations into the allegations against Adani Group were completed in almost all matters, and that the chief had made relevant disclosures

Adani group's stock slump puts Quant Mutual Fund in a spot, again

The fund house, which manages over Rs 1 trillion worth of assets, had the highest exposure to these stocks among the larger fund houses

Kenya cancels airport, energy deals with Adani group after US indictments

Kenya's president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men. President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States. The Adani group had been in the process of signing an agreement that would modernize Kenya's main airport in the capital, Nairobi, with an additional runway and terminal constructed, in exchange for the group running the airport for 30 years. The widely criticised deal had sparked anti-Adani protests in Kenya and a strike by airport workers, who said it would lead to degraded working conditions and job losses in some cases. The Adani group had also been awarded a deal to construct power transmission lines in Kenya, East Africa's business hub. Also Thursday, Energy Minister

No mention of wrongdoing by SECI in Adani bribery case: CMD R P Gupta

SECI, the nodal agency for implementation of renewable projects in India, has not been mentioned for any wrongdoing in the Adani case, its CMD R P Gupta said on Thursday. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange of favourable terms for solar power contracts. "There is nothing against SECI that SECI has done anything wrong. That is no where. There is no mention of any wrongdoing or irregularity on part of SECI," he said while responding to PTI queries on developments related to the Adani case. According to US prosecutors' document, Solar Energy Corporation of India Ltd (SECI), which originally awarded the solar manufacturing-linked power tender, entered into the sale agreements with Andhra Pradesh, Odisha, Chhattisgarh, and Tamil Nadu between July 2021 and December 2021. The indictment also names New Delhi-based Azure Power, which had won a simi

Adani bribery charge impact: Vedanta Resources defers dollar bond issue

India Inc. will likely continue to tap the dollar bond market in the long run, given the strong demand for high-yield papers