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 Episode 1557 of #CutTheClutter, Editor-in-Chief Shekhar Gupta & Deputy Editor (Economy) Sharad Raghavan discuss the US laws that made indictment possible & charges against Adani & others.
Oppn to Carmichael coal mine in Australia & Gondulpara mine in Jharkhand to Hindenburg accusing it of 'brazen stock manipulation', US indictment is latest challenge for Adani Group.
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.
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.
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.
Fourteen million refugees, and 25 million facing acute hunger, should be reason enough for the world to dismantle the dystopia in Sudan — even if the sadism of its rulers is not.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
COMMENTS