Page 13 - Gautam Adani

Adani-Hindenburg case: SC plea to take US charges against Adani on record

The petitioner has also called for the conclusive report by the Securities and Exchange Board of India (Sebi) on the probe carried out till now

Never entered into agreement to operate airport in Kenya: Adani Group

The group was responding to notices sent by stock exchanges to confirm reports of Kenyan President William Ruto ordering the cancellation of a procurement process

BJP win in Maharashtra to bolster Adani's $3 bn Dharavi slum project

The landslide victory for ruling BJP-led Mahayuti in Maharashtra will booster billionaire Gautam Adani-led group's USD 3-billion project to redevelop Mumbai slum of Dharavi into a "world-class" district. Opposition Uddhav Thackeray-led Shiv Sena (UBT) had pledged to reclaim all land given to the Adani group for redeveloping Asia's largest slum and promised to scrap the project altogether, if voted to power. For Adani, who is facing bribery charges in a US court, the scrapping of his pet Dharavi project would have been a big setback. With election results showing the BJP and its allies Shiv Sena and Nationalist Congress Party factions led by Eknath Shinde and Ajit Pawar, winning more than three-fourths of the 288 seats in the Maharashtra assembly, those anxieties have now been set to rest. Adani plans to turn 620 acres of prime land, about three quarters of the size of New York's Central Park, into a glitzy urban hub. About seven lakh living in rickety shanties with open sewers and

US SEC summons Gautam Adani, nephew Sagar in alleged bribery case

Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days. "Within 21 days after service of this summons on you (not counting the day you received it)...you must serve on the plaintiff (SEC) an answer to the attached complaint or a motion under Rule 12 of the Federal Rules of Civil Procedure," said a November 21 notice sent through the New York Eastern District Court. "If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint. You also must file your answer or motion with the court," it added. Gautam Adani, 62, and seven other defendants, including his nephew .

Adani Group to respond to US bribery allegations after legal review

Adani Group has denied any wrongdoing and said it would seek all possible legal recourse to defend itself

Adani CFO defends against US charges, says linked to one business contract

Group CFO Jugeshinder Singh sought to defend allegations saying none of Adani's 11 public companies 'are subject to indictment' or 'are accused of any wrongdoing in the said legal filing'

S&P Global revises its outlook on three Adani entities to 'negative'

S&P Global Ratings in a statement said US indictment of three board representatives of Adani Group entity could affect investor confidence in other group entities

CCI unlikely to act on media reports regarding Adani bribery issue

Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over $250 million bribe to Indian officials

Arrest warrant for Gautam Adani after bribery charges: what’s next?

Reports reveal that a US arrest warrant has been issued for Gautam Adani. Watch the video to know the details.

Sebi probes Adani Group's alleged disclosure failures post US SEC charge

Inquiry centres around allegations that Adani Green Energy Ltd did not adequately disclose the US Justice Department's investigation into bribery claims

Rs 1,750 crore bribe linked to Adani's 2021 meet with Jagan: US agency

The SEC alleges Gautam Adani paid a Rs 1,750 crore bribe in 2021 to secure Andhra Pradesh's solar power deal, sparking denials and political controversy

Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Adani Group has said the accusations are baseless and that it will seek all possible legal recourse

Jayalalithaa signed agreement with Adani Group, says DMK spokesperson

Minister Senthil Balaji has clarified that the Tamil Nadu Electricity Department has never entered into any kind of power purchase agreement

Sebi investigating Adani Group over possible breach of disclosure norms

The process of fact-finding is expected to continue for two weeks following which Sebi could decide if it wants to open a formal investigation

Charges against Adani could lead to warrants, extradition bid: US attorney

With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than USD 2 billion in profit over 20 years. Adani Group, however, denied the charges saying the allegations by US prosecutors are "baseless" and the conglomerate is "compliant with all laws". US Attorney Breon Peace has the right to get arrest warrants issued against Adani and seven others indicted and serve them on the nations where they reside, Indian-American attorney Ravi Batra told PTI on Thursday. He further sa

Adani's Australian coal unit faces human rights complaint for racism

Complaint details how Adani employees verbally and physically obstruct and prevent 'members of the Aboriginal group from accessing springs near Adani's Carmichael coal mine' to perform cultural rites

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

Stocks to watch, Nov 22, 2024: Adani Group stocks, Tata Power, NTPC, LIC

Stocks to watch on November 22, 2024: Here is a list of stocks from Infosys to Hyundai Motor India which will be on radar today

'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