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The Latest Breaking News from Adani Group

Congress cites news on Adani auditor under NFRA lens, says something 'truly rotten' in conglomerate

The Congress cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate.

The Hindu

‘Cash-for-query’ row: 62 questions by Mahua Moitra, 9 on Adani, 1 on Hiranandani group

As the Lok Sabha ethics committee prepares to hear cash-for-query allegations against Trinamool Congress MP Mahua Moitra, accusations are piling up about the misuse of parliamentary privileges, allegedly to help the Hiranandani Group and target its business rival Adani Group.

Newslaundry

Nod for Chinese technicians to come ashore, unload cranes at Vizhinjam port

FRRO allows 3 Chinese techs to disembark ship at Vizhinjam Int'l Seaport to assist staff unload cranes. Bad weather had delayed work, but sea conditions expected to improve. State govt & Adani Group exerted pressure on Centre to give permission. 3 more ships due in Nov.

The Hindu

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Rahul Gandhi targets Adani group again on coal pricing issue

Citing UK-based newspaper, Financial Times which claimed that the Adani Group was purchasing coal above its market value from Asian countries, Congress leader Rahul Gandhi on Wednesday alleged that it is due to this reason for prices of electricity in country are getting inflated.

Dynamite News

‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra

The Adani Group has reacted to the alleged ‘cash for question’ in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra

The Hindu

Lokesh can be arrested in Delhi as well, says YSRCP leader Sajjala

YSRCP claims TDP's Nara Lokesh may be arrested in Delhi. YSRCP's Sajjala Ramakrishna Reddy says alignment was changed to suit TDP's needs & misused power. TDP politicising CM's meeting with Adani Group Chairman. TDP using corruption cases to evoke sympathy & mislead public.

The Hindu

Petition alleges ‘conflict of interest’ in SC-appointed panel to investigate Adani Group

A new petition filed in the Supreme Court has alleged “conflict of interest” involving members of the expert committee set up to investigate allegations against the Adani Group.

Newslaundry

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"India's PM can't make enquiry on Adani because...," Rahul Gandhi

Launching an attack on Prime Minister Narendra Modi-led government over allegations concerning the Adani group, Congress leader Rahul Gandhi on Saturday said that India's Prime Minister cannot make an enquiry on his group as "the loss will not be for Adani but to someone else." Read further on Dynamite News:

Dynamite News

The Adani story simplified: Stock manipulation, mystery investors and SEBI role

The Adani Group has been hit by another storm.

Newslaundry

Rahul Gandhi demands Modi investigation into Adani Group

Indian opposition leader brandishes Guardian article on alleged financial violations by Adani family

The Guardian - UK

“Why PM is not forcing investigation, why is he quiet,”: Rahul Gandhi seeks JPC probe into allegations against Adani group

Targeting the BJP-led government over allegations concerning the Adani group, Congress leader Rahul Gandhi on Thursday accused the Prime Minister of “being quiet” and said the least that should be done is a Joint Parliamentary Committee probe. Read further on Dynamite News:

Dynamite News

PM should come clean on fresh Adani allegations as India’s reputation is on the line: Rahul Gandhi

K.C. Venugopal alleges that “PM Modi’s best friend is running an international money laundering racket”.

The Hindu

Report says close associates of India's Adani Group secretly purchased large numbers of shares

Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased of millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report by a network of investigative journalists

The Independent UK

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

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Dynamite News

Adani Group rejects OCCRP claims, says report aimed at short selling stocks

The Adani Group has categorically rejected the allegations levelled by the Organised Crime and Corruption Reporting Project (OCCRP) terming the allegations as 'recyled'. Read further on Dynamite News:

The Hindu

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the “mysterious” investors bought and sold Adani stock through such offshore structures.

The Guardian - UK

Modi-linked Adani family secretly invested in own shares, documents suggest

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

Newslaundry

Adani stock manipulation exposed: Offshore trail points to two investors with links to Adani family

After the Hindenburg report accused the Adani Group of stock manipulation earlier this year, the conglomerate’s stocks had seen a sharp dip, and the Supreme Court had ordered a probe amid protests by opposition parties.

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The Hindu

New tender process for Dharavi slum redevelopment transparent; no undue favour to Adani Group: Maharashtra government to Bombay High Court

The new tender issued in 2022 for the Dharavi slum redevelopment project in Mumbai was transparent and no undue favour was shown to the highest bidder Adani Group, the Maharashtra government has submitted to the Bombay High Court.

The Hindu

Hindenburg 2.0? George Soros-backed OCCRP said to be planning another 'expose'

OCCRP to publish 'expose' on corporate house; funded by Soros, Rockefeller Brothers Fund; may involve overseas funds investing in stocks; ED found intelligence of violative, concerted selling ahead of Hindenburg report; Soros' statement on Adani Group turmoil countered by BJP.

The Hindu

AAI yet to make a tangible economic gain by leasing Thiruvananthapuram airport

Six airports privatised by Centre have contributed ₹896 cr as PPF to AAI. Thiruvananthapuram airport, handed to Adani Group, contributed ₹91.12 cr. AAI expected to earn ₹179 cr in FY20-21, but earned only ₹91.12 cr. Expansion plans need 36 acres, yet to be provided by State. Adani Group paid ₹476.15…

Newslaundry

Bharatmala project: Adani-led consortium, BJP donors, firm with BJP links get tenders in breach of norms

At least one Adani Transport-led consortium, one firm with alleged BJP links, and four companies that donated to the BJP have been awarded road construction projects under the first phase of the central government’s Bharatmala Pariyojana.

The Hindu

Companies that compete with Adani group for ‘prized’ assets face raids from CBI, ED and Income Tax, alleges Congress

“Agencies like the ED and CBI are not only being used to break apart opposition parties,” Mr. Ramesh said.

The Hindu

TNERC rules in favour of Adani Group firm, sets aside Tangedco’s communication

TNERC rules in favour of Adani Group firm Kamuthi Renewable Energy Ltd., sets aside Tangedco’s communication seeking segregation of the firm’s 72 MW-solar project into two and payment of different tariff rates, as illegal and without jurisdiction. Firm entitled to ₹7.01/unit tariff for entire 72 MW-project, as it was commissioned…

The Hindu

Successive govts. failed to adopt best strategies to avoid accidents at Muthalapozhi

The latest accident in the Muthalapozhy fishing harbour channel, which claimed four lives, appears to have evoked some knee-jerk reactions. The Kerala government has convened an urgent meeting of various stakeholders, including the Vizhinjam port developer Adani Group, which has signed an agreement with the Harbour Engineering department for dredging…

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