Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit … Read more
Indian billionaire Gautam Adani, one of the world’s richest individuals, is facing an arrest warrant in connection with a USD 265 million bribery and fraud scheme, according to Reuters. He has been charged by U.S. prosecutors for allegedly being part of a scheme to pay over USD 250 million (approximately Rs 2,100 crore) in bribes … Read more
Adani Group Chairman Gautam Adani. File | Photo Credit: AP The U.S. Securities and Exchange Commission (SEC) has charged billionaire Gautam Adani, founder and chairman of the Adani Group, with allegedly defrauding American investors and bribing officials. Mr. Adani (62) and his nephew Sagar Adani (30), executives of Adani Green Energy Limited, and Cyril Cabanes, … Read more
Congress leader Rahul Gandhi on Monday dissected the Bharatiya Janata Party’s slogan, ‘Ek hai to safe hai,’ stating that “ek” refers to the Prime Minister and his close circle, including Amit Shah. He claimed that under their leadership, only industrialist Gautam Adani is secure, while the people of Dharavi remain neglected. Speaking at a press … Read more
NCP chief Ajit Pawar (File photo) MUMBAI: Industrialist Gautam Adani was part of political talks between BJP and the undivided Sharad Pawar-led NCP five years ago, Ajit Pawar said on Tuesday. He was referring to discussions that happened just before he joined hands with BJP and formed a short-lived govt with Devendra Fadnavis as CM … Read more
Hyderabad: Adani Group chairperson Gautam Adani donated Rs 100 crores to Telangana’s proposed Young India Skill University, during his meeting with Telangana chief minister Revanth Reddy on Friday, October 18. According to a social media post by the Telangana chief minister’s office, Gautam Adani also promised continued support for projects initiated by the Telangana government. … Read more
The collective wealth of India’s 100 billionaires surpassed the trillion dollar milestone for the first time as more than 80 percent of the country’s richest tycoons are now wealthier than they were a year ago, a Forbes report showed on Thursday. In a record-breaking year, India’s wealthiest are now worth $1.1 trillion, more than twice … Read more
Leader of the Opposition and Congress leader Rahul Gandhi today stated that the integrity of SEBI has been gravely compromised by the allegations against its chairperson. His statement came a day after US short-seller Hindenburg Research leveled serious charges against SEBI (Securities and Exchange Board of India) Chairperson Madhabi Buch and her husband.“The integrity of … Read more
Mumbai: US-based shortseller Hindenburg Research alleged late on Saturday that Madhabi Puri Buch, chairperson of India’s markets regulator, the Securities and Exchange Board of India (Sebi), and her husband, Dhaval Buch, had investments in obscure offshore entities part of foreign money flows linked to Adani group that is the subject of a Sebi investigation. In … Read more
Congress on Saturday used the Latin phrase “Quis Custodiet Ipsos” or “who will guard the guards themselves” to take a dig at SEBI chief Madhabi Buch, after US short seller Hindenburg levelled allegations against her. Hindenburg has alleged that Buch and her husband Dhaval had stakes in obscure offshore funds used in the Adani money-siphoning … Read more
