The Latest Breaking News from Adani Group

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.

Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday.

One of the richest people in the world, Gautam Adani, was indicted over an alleged multibillion-dollar fraud scheme.

Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday.

Indian chair of Adani Group, worth about $85bn, accused of agreeing to pay bribes to obtain solar energy contracts

Dharavi’s redevelopment is now a focal point in Maharashtra’s election politics, with Adani Group’s plans raising concerns about displacement and prioritisation of profit over people. 

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The proposal submitted early this year by Indian conglomerate Adani Group to Kenya Airports Authority to develop and renovate parts of Jomo Kenyatta International Airport has recently been made public.

Over the last three years, the Swiss authorities have frozen US $311 million (Rs 2,610.7 crore) belonging to a prominent associate of the Adani group for his role in money laundering, manipulation of the group’s stocks in the Indian markets, and forgery.