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SEC issues summons for Gautam Adani, nephew

SEC issues summons for Gautam Adani, nephew on bribery allegations

Federal prosecutors issued arrest warrants for the billionaire head of the Adani Group and his nephew Sagar, alleging they participated in a $265 million scheme to bribe Indian officials to secure power-supply deals.

Adani Group Chairman Gautam Adani and Nephew Sagar Adani Summoned by US SEC Over $265 Million Bribery Scheme

Adani's Shantivan Farm home in Ahmedabad and his nephew Sagar's Bodakdev home in the same city have received summonses to respond to the SEC within 21 days.

devdiscourse · 1d

Scandal Unfolds: Alleged Bribery Ties YSRCP and Adani Group

Andhra Pradesh CM N Chandrababu Naidu announced possessing US chargesheet reports on alleged bribery involving the YSRCP and Adani Group. The allegations claim bribes for favorable solar contracts, damaging the state's reputation.

Adani, India and Seeks

Zee News on MSN · 50m

Bangladesh to review Hasina-era energy deals, including one with India’s Adani Group

The Adani Group, however, recently sent a letter to the Bangladesh government over its unpaid USD 800 million power supply bill while Bangladesh’s state-run Power Development Board said they had already paid USD 150 million despite its dollar crisis and was expecting to pay the full amount.

The Associated Press - Busines… · 1d

Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon

Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest me

CNN-News18 · 1h

Bangladesh Seeks To Review Major Energy Projects Including One With India’s Adani Group

India said its cooperation with Bangladesh in the power and energy sector was one of the crucial pillars of bilateral ties.

23hon MSN

Adani Group could find funding harder after US indictment as banks review credit

Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, ...

devdiscourse39m

Bribery Scandal Shakes Adani Empire

The U.S. Securities and Exchange Commission has summoned Indian billionaire Gautam Adani on bribery allegations. The SEC ...

2don MSN

Adani Group Shares Tumble 20% After US Bribery Indictment

Shares in India's Adani Group took a significant hit on Thursday, dropping by as much as 20 percent, following the unsealing ...

2don MSN

Adani Group stocks, bonds fall for a second day after founder's US indictment

By Scott Murdoch and Tom Westbrook (Reuters) -Stocks and bonds of India's Adani Group dropped for a second session on Friday ...

2don MSN

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 ...

1don MSN

India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges

The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as ...

2d

From Australia to Israel, Adani Group projects span the globe

Two major Adani Group projects in Kenya were scuttled after its founder Gautam Adani was indicted by U.S. prosecutors over ...

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