US Securities and Exchange Commission summons Gautam Adani, nephew on bribery allegations
Federal prosecutors issued arrest warrants for Gautam and Sagar Adani, alleging they participated in a $265 million scheme to bribe Indian officials to secure power-supply deals.
How Gautam Adani’s boast about his company being on track ‘to become world’s largest renewables player by 2030’ caught FBI attention
The alleged hundreds of millions of dollars in bribes promised to local Indian officials caught the attention of the US Justice Department and Securities and Exchange Commission as Adani’s companies were raising funds from US-based investors in several transactions starting in 2021.
Adani Group stocks, bonds plunge for a second day after founder’s US indictment
Adani Group said the accusations levelled by US federal prosecutors as well as by the US Securities and Exchange Commission in a parallel civil case are “baseless and denied” and that it will seek “all possible legal recourse”.
Bribe notes’ with per megawatt rates: At just age 30, Sagar Adani pulled the strings from Prime Minister’s office to top officials in states
The crisis is the second in two years to hit the ports-to-power conglomerate founded by Gautam Adani, 62, who Forbes magazine says is the world’s 25th richest man.
Hindenburg Research: Our report released January 2023 identified Adani as the largest corporate con in history
It is unclear whether Gautam or Sagar Adani will appear in court, as they could try to get the indictment dismissed without appearing in the United States. Gautam Adani’s whereabouts are unclear, and none of the defendants are in custody, a spokesperson for US Attorney Breon Peace in Brooklyn said.
Kenya’s President Ruto quashes three mega-dollar tenders controversially awarded to Adani Group
Adani Energy Solutions in October signed a 30-year, $736 million public-private partnership deal with the Kenya Electrical Transmission Company. A court suspended the contract in the same month after questions were raised about the transparency of the controversial deal.
Adani dollar bonds plunge after Indian conglomerate’s billionaire chair is indicted in US
US authorities said on Wednesday that Adani Group Chairman Gautam Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.
Billionaire Gautam Adani of India’s Adani Group charged in US with bribery, bond slump
In early Asian trading on Thursday, Adani dollar bonds slumped, with prices down between 3-5 cents on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.
‘Cow Vigilantes’ entrench hate crimes in India as Hindus target Muslims and low castes
Between February and August 2024, CSOH identified and analysed 1,023 Instagram accounts run by users involved in cow vigilantism. Researchers found that 30 per cent of the accounts shared content showing physical violence against Muslims involved in the cattle business.
Imprisonment of 45 pro-democracy activists in Hong Kong elicits world condemnation
Prominent Hong Kong activist Joshua Wong was sentenced to four years and eight months in jail, while Chow was sentenced to seven years and nine months; former journalist-turned-activist Gwyneth Ho, was sentenced to seven years.
