In a filing with the stock exchanges, the group has cited the news reporting on the alleged bribery & corruption charges against Adani officials as 'incorrect'.
Under pressure from opposition BRS, CM says corpus fund Adani offered 'being projected as some benefit to me or my govt', adds 'we have asked Adani Group to stop the fund transfer'.
Explaining the reasoning behind the decision, Telangana CM Revanth Reddy cited concerns over recent controversies and the need to uphold the state's reputation.
U.S. International Development Finance Corporation has not reached a final agreement on the loan, an official with the agency said in an email to Bloomberg.
The US indictment relates to 'a single Adani Green contract, about 10% of its business,' Singh stated on X, adding that the group will provide further details soon.
Charges against Adanis this time are much graver, especially as these come not from any ‘interested’ market operator but a sovereign govt. Any quick damage control is unlikely.
In 2016, CBI filed a case against MoD officials over a deal for 3 aircraft from Embraer and, in 2018, against NHAI officials & engg firm CDM Smith over alleged bribery charges.
Indictment says Adani Group made 'false & misleading' statements to media & Indian stock exchanges. SEBI’s regulations have several provisions regarding such potential breaches.
In the wake of the indictment, Kenya has cancelled 2 ongoing projects with Adani Group, which has presence in several countries, including Sri Lanka, Vietnam, China & Australia.
In 1980, South American countries exhibited similar income levels, with Venezuela ranking among the more affluent economies. By 2023, this landscape had significantly altered.
Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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