Corrupt Solar Project: Adanis face decades in prison and hefty monetary penalties if convicted
There is a growing spotlight on Sagar Adani, a millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials, in notes the prosecutors described as “bribe notes”.
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.
Saudi football diplomacy: ‘In owning a club, there’s fast-track public relations that operates in sports’
The wish is for Saudi to become a tourist destination, hosting elite events such as boxing, golf and esports. It all forms part of Saudi Vision 2030, a government programme designed by MBS to diversify the economy before natural resources – and the world’s dependency on them – expire. A thriving entertainment sector to suit the needs of its young population is also high on the agenda.
Premier League owners: In buying English football clubs Abu Dhabi and its brands have become part of UK image
Manchester City’s was a takeover that pushed us towards the very modern term of “sportswashing” but it has yielded more than just reputational improvements in a part of the world where Amnesty International says freedom of expression is unduly restricted.
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.
For the love of rice, Sierra Leone launches push to free itself from costly food imports
Sierra Leone’s agriculture minister, Henry Kpaka Musa, accused the International Monetary Fund of pressuring Sierra Leone in the 1980s to stop investing in agriculture and open its markets to imports as a condition for receiving loans.
Kenyan lender KCB Group nine-month profit rises to $445 million from $314.7 million
It said loan-loss provisions rose to 17.78 billion shillings from 15.85 billion shillings in the year-ago period.
While regulators’ verdict in UK is pregnant women don’t need Covid vaccines, US endorses it
On its Covid-19 vaccine pregnancy page, the CDC warns that pregnant women are “more likely to get very sick from Covid-19” than other people. It also says they are more likely to need hospitalisation, intensive care, the use of a ventilator and experience complications such as preterm birth or stillbirth.
