Gautam Adan bribery scandal paralyses Indian parliament sittings for second day
India’s opposition, especially the Congress party, accuse Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) of shielding Adani and blocking investigations against him in India, accusations that have been denied.
Zero sum game: China scoffs at threats by US President-elect Trump to slap steep tariffs on imports
The United States, where fentanyl abuse has been a major cause of death, has pushed China for tougher law enforcement, including tackling illicit finance and clamping further controls on the chemicals.
Adani bonds slide to year low as investors weigh bribery allegations
Longer-dated Ports bonds , were down on Monday and have lost between 8 cents and 10 cents in face value on the news. Adani Transmission debt maturing in May 2036 fell 1.8 cent on Monday for a loss of more than 7 cents since Wednesday.
High petrol cost forces Nigeria to switch to natural gas to ease transport pain as cost of living bites
More than 100,000 vehicles have been adapted to run on CNG or with the hybrid option of CNG and petrol, and at least $200 million has been invested by the government under the initiative, according to its director, Michael Oluwagbemi.
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.
Adani Energy Solutions: We’ve not ‘entered into any contract in connection with any airport in Kenya’
US authorities on Wednesday indicted Adani Group founder Gautam Adani and seven others, alleging they paid $265 million in bribes to Indian officials. The group denied the allegations.
Fast fashion as not Africa’s environmental hazard, but also a cultural and economic disabler
In a sprawling secondhand clothing market in Ghana’s capital, early morning shoppers jostle as they search through piles of garments, eager to pluck a bargain or a designer find from the stalls selling used and low-quality apparel imported from the West. At the other end of the street, an upcycled...
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.
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”.
