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The Latest Breaking News from the Adani Group

India’s Adani withdraws from troubled $442m Sri Lanka wind power projects

Conglomerate founded by billionaire Gautam Adani says it withdrew from the projects as they were ‘financially unviable’.

Tycoon profited after India relaxed border security rules for energy park

Tycoon profited after India relaxed border security rules for energy park

Exclusive: Military experts raise concerns over change to protocols on Pakistan border to allow project that was handed to billionaire Gautam Adani

The Guardian - UK

How George Soros became ‘Enemy Number 1’ for India’s Modi

How George Soros became ‘Enemy Number 1’ for India’s Modi

The BJP has accused the billionaire of funding initiatives critical of Modi, aimed at destabilising India.

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Bombay HC dismisses plea against Adani group's Dharavi redevelopment tender

The Bombay High Court on Friday dismissed a plea challenging the tender awarded to the Adani Group for the Dharavi Redevelopment Project. Read further on Dynamite News:

Rahul Gandhi demands probe into Adani issue, urges "Modi ji sansad me aao"

Taking to social media platform Facebook, Rahul Gandhi wrote, "Modi ji sansad me aao, Adani par jaanch se mat ghabrao." Read further on Dynamite News:

Can Indian billionaire Gautam Adani be tried in the US for India ‘crimes’?

The recent allegations by US prosecutors highlight jurisdictional complexities that could determine Adani’s fate.

How Adani corruption allegations could hurt the Indian economy

The Adani Group has been accused of bribing Indian officials to secure solar energy contracts at inflated rates. The group was earlier accused of selling low-grade coal at inflated prices, and the Hindenburg Research and OCCRP reports had alleged the use of offshore shell companies to manipulate stock prices.

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India's Adani says his group is committed to compliance after US bribery and fraud charges

India's Adani says his group is committed to compliance after US bribery and fraud charges

Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced

The Independent UK

Indian Parliament Disrupted Over Allegations Against Billionaire Adani

Indian Parliament Disrupted Over Allegations Against Billionaire Adani

Indian Parliament faces disruptions over allegations against billionaire Gautam Adani, leading to demands for investigation and international repercussions.

Congress demands discussion on Adani indictment in Parliament, urges CBI probe

Congress demanded discussion on the Adani indictment in the Parliament as both houses will meet for the third day of the winter session on Wednesday. Read further on Dynamite News:

Adani Group Says It Lost Nearly $55 Bn As US Charges Sparked Rout

Adani Group Says It Lost Nearly $55 Bn As US Charges Sparked Rout

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.

International Business Times

‘India should be more interested than US’: Editorials on Adani charges

‘India should be more interested than US’: Editorials on Adani charges

Adani Group’s chairman Gautam Adani and its seven other executives’ indictment in the US for a $265 million bribery scheme involving government solar energy contracts has triggered a fresh wave of controversy.

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

It’s the latest in a recent series of fraud allegations trailing the embattled billionaire’s Adani Group.

Who is Gautam Adani, the Indian billionaire charged in the US over bribery plot?

Who is Gautam Adani, the Indian billionaire charged in the US over bribery plot?

Adani, widely regarded as one of the wealthiest and most powerful men in India, has close ties to Modi’s government

The Guardian - UK

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India's Adani Says US Charges 'Baseless', Opposition Demand Arrest

The stiff denial came after shares in the industrialist's conglomerate nosedived more than 23 percent in Mumbai, the morning after a bombshell indictment in New York accused him of deliberately misleading international investors.

The Independent UK

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case

Adani’s businesses lost over $150bn in market value last year after Hindenburg Research accused his group of improper use of offshore tax havens

Why the US has accused Adani of hiding its alleged bribes in India from American investors

When Gautam Adani announced a $10 billion investment in the United States after Donald Trump won the presidential polls earlier this month, there was a far more pressing matter in America that he was ignoring.

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

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Congress for JPC probe into alleged bribery charges against Adani in US

After a US District Court in New York charged the Chairman of the Adani Group, Gautam Adani, linking him and others to an alleged bribery and fraud scheme. Read further on Dynamite News:

International Business Times

India Opposition Leader Demands Tycoon Adani's Arrest After US Charges

Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday.

Adani’s US ‘arrest warrant’ over bribery: Foreign media points to ‘text trail, ties with Modi’

Update: At 1:41 pm on November 21, 2024, Adani Group-owned NDTV Profit published a report saying that the conglomerate denies the allegations against it and will seek legal recourse.

Indian Billionaire Gautam Adani Indicted In US Fraud Scheme

Indian billionaire Gautam Adani and executives indicted in New York for alleged multi-billion-dollar fraud scheme involving solar power plant development.

Adani indicted in US for $265 million bribery scheme in solar energy contracts

Adani Group founder Gautam Adani and seven others, including his nephew Sagar Adani, have been indicted in New York over serious charges of alleged bribery and securities fraud related to solar energy projects in India.

International Business Times

India's Adani Enterprises Tanks After Founder's US Charges

Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.

Indian Billionaire Indicted For Securities Fraud In Solar Project

Indian billionaire Gautam Adani indicted in the U.S. on charges related to solar project bribery scheme.

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