The lawsuit alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd.
ThePrint Explorer looks at high-profile corruption cases around the world that preceded the Foreign Corrupt Practices Act in the US, which has stirred up trouble for Adani Group.
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.
Urban India today needs a renewed social contract, one that prioritises reliability, transparency, and responsiveness, and aligns governance structures with everyday needs.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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