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The Latest Breaking News from the Adani Group

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.

Newslaundry

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

Top News

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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:

Dynamite News

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

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.

Newslaundry

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.

Al Jazeera

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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

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.

Latin Times

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

The Independent UK

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.

Newslaundry

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.

Fortune

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:

Dynamite News

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.

International Business Times

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Newslaundry

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.

Top News

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.

The Independent UK

US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in his home country by concealing that it was facilitated by alleged bribery

Newslaundry

Gautam Adani was part of BJP-NCP talks, Ajit Pawar reveals in NL-TNM interview

Gautam Adani, the billionaire and chairman of the Adani Group, was part of political talks between the Bharatiya Janata Party and Nationalist Congress Party five years ago, Maharashtra Deputy CM Ajit Pawar said in an interview with Newslaundry and The News Minute. At the end of that episode, Ajit Pawar…

Newslaundry

‘Same promise for 25 years’: Locals as Adani’s Dharavi plan turns MVA’s rallying cry

The proposed Adani redevelopment project in Dharavi has become a contentious issue in Maharashtra’s high-decibel poll campaign. Amid the opposition’s allegations of the Adani Group being given preferential treatment under the NDA government, Shiv Sena (UBT) chief Uddhav Thackeray has promised to scrap the Dharavi project and this is gradually…

Newslaundry

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

International Business Times

Kenya Airport Whistleblower Fears For His Life

Nelson Amenya caused an uproar by exposing secret talks for an Indian firm to take over Kenya's main airport.

Newslaundry

Adani proxy’s $311 million frozen by Swiss authorities

Over the last three years, the Swiss authorities have frozen US $311 million (Rs 2,610.7 crore) belonging to a prominent associate of the Adani group for his role in money laundering, manipulation of the group’s stocks in the Indian markets, and forgery.

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