Adani Group Chairman Gautam Adani MUMBAI/NEW DELHI: Adani Green Energy said Wednesday that Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with any violation of the Foreign Corrupt Practices Act (FCPA) on the counts mentioned in the criminal indictment of the US Department of Justice (DoJ) or the civil complaint of the…
NEW DELHI: Days after filing a lawsuit in a New York court, the Securities & Exchange Commission has issued summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar Adani, executive director of Adani Green, in a bribery case.“Within 21 days after service of this summons on you…you must serve on the…
Gautam Adani and seven other defendants allegedly consented to pay approximately $265 million in bribes. Gautam Adani, the founder and chairman of Adani group, along with his nephew Sagar Adani, have received summons regarding the US Securities and Exchange Commission’s (SEC) claims about paying $265 million (Rs 2,200 crore) in bribes for obtaining profitable solar…
The United States Department of Justice (DoJ) has filed charges against industrialist Gautam Adani. Days after the US indictment of Gautam Adani and other individuals, Adani Group CFO Jugeshinder Singh has said that the bribery indictment pertains to a single contract at Adani Green Energy. According to a Reuters report, the Adani Group CFO said…
Following the US indictment, shares of Adani Group companies experienced a dramatic decline. On November 20, 2024, US prosecutors charged Indian businessman Gautam Adani and several executives from his conglomerate, the Adani Group, with orchestrating a $250 million bribery scheme aimed at securing contracts for solar power projects in India.Driving the news The US Department…
US prosecutors have indicted billionaire Gautam Adani and his nephew, Sagar Adani, among others, for their alleged role in a $265 million (Rs 2,000 crore) bribery case to secure solar power supply contracts in India, plunging the edible oil-to-ports giant into a second major controversy in 22 months, after the allegations by short-seller Hindenburg Research.Arrest…
Prosecutors in Brooklyn, New York, alleged on Wednesday that Adani and other defendants lied about the plan as they sought to raise money from US investors. US prosecutors charged Gautam Adani, one of the world’s richest people, with participating in a scheme that involved promising to pay more than $250 million in bribes to Indian…
Gautam Adani, the 62-year-old chairman of Adani Group, has revealed his plans to retire at the age of 70 and transfer control to his sons and their cousins in the early 2030s, according to an interview with Bloomberg News quoted by Reuters. Gautam Adani emphasized the importance of succession for business sustainability, saying, “I left…
