Under the proposedb airport deal, Adani Group was to add a second runway and upgrade the passenger terminal at the Jomo Kenyatta International Airport, with a 30-year lease in exchange.
Criminal charges unsealed by US Attorney’s Office for Eastern District of New York accuse Adani Group & Azure Group of offering Rs 2,029 cr in bribes to Indian govt officials.
It is alleged that the billionaire businessman, nephew Sagar Adani & others promised bribes worth as much as Rs 2,029 cr to Indian govt officials to ensure business came to Adani companies.
Adani Green Energy, at the centre of the SEC indictment, suffers a fall of 18.95 percent, while Adani Enterprises, the group's flagship firm, sees its market cap fall by 73,502 crore.
US court indictment names several current, former executives of Adani Group and Azure Power. On being probed by US authorities, Azure Power allegedly took steps to deflect blame from itself.
Statement comes after US court & Securities & Exchange Commission indicted Adani Group chairman Gautam Adani & several others for allegedly planning to bribe Indian state govt officials.
Bangladesh is already reeling from low coal-fired power production & inability to import enough coal, gas. Now, Adani has cut supplies over unpaid dues. However, this could hurt Adani too.
International media also continues to spotlight India-US-Canada tensions, now covering Australia’s stance & looks at how Adani’s actions in Bangladesh expose its economic vulnerabilities.
Omar Abdullah being a key rival to the Indian PM in Kashmir also makes international news, as do the demonstrations taking place in Kenya against Adani Group.
The claim that VB-GRAMG provides an employment guarantee is incorrect. The only guarantee is to 'empower' the Centre to allow partial implementation in notified areas alone.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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