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.
At press conference in Congress HQ, the Leader of Opposition said the billionaire businessman should be arrested as it is now 'pretty clear he broke both American and Indian law'.
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.
Indictment says Adani, other defendants offered bribes to officials in Andhra Pradesh & other states to agree to buy electricity from SECI, which itself was purchasing power from Adani.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
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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