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.
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”.
Deployment of North Korean troops to Kursk by Russia informed Biden’s decision to allow Ukraine to use long range missiles
The White House did not immediately respond to a request for comment. A State Department spokesperson declined to say whether Biden had authorised the longer-range strikes but said Russia was escalating the conflict by deploying North Korean troops.
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.
Russia raises stakes in war with Ukraine as it hits Dnipro city with intercontinental ballistic missile
Ukrainska Pravda, a Kyiv-based media outlet, cited anonymous sources saying the missile was an RS-26 Rubezh, a solid-fuelled intercontinental ballistic missile with a range of 5,800 kilometres, according to the Arms Control Association.
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.
Indian billionaire Adani, who’s won porky tenders in Kenya, charged in US for defrauding investors
Th Adani Group is currently facing fraud charges in Kenyan court after it was controversially awarded a slew of porky tenders for upgrade of the East African country’s main airport, power generation and distribution and health insurance.
