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The Latest Breaking News from Adani Group

Adani Group’s Dharavi Redevelopment Project refutes Congress’s allegations of favouritism

DRP refutes Congress' allegations of favouritism in Dharavi Redevelopment Project. DRP says vested interests are attempting to derail/delay project with revenue potential of ₹20,000 crore.

The Hindu

Article on Adani Group: Supreme Court grants protection to 2 journalists summoned by Gujarat Police

SC grants protection from arrest to two journos challenging summons issued by Gujarat Police in connection to article on Adani Group. Bench directs them to cooperate in investigation, issues notice to Gujarat govt.

The Hindu

Mahua Moitra writes to Lok Sabha Speaker on leak of Ethics Committee’s report

She also points out the conflict of interest in Adani Group-owned channel accessing the report before its adoption; Trinamool MP also mentions ‘inaction’ by the Speaker’s office

The Hindu

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US invests $553 million in Gautam Adani’s Sri Lanka port to curb China’s influence

NEW DELHI: The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.

The Times of India

AAI employees refuse to join Adani Group as joint operation ends in three airports

The three-year joint operation by the employees of the AAI and the Adani Group has been completed in three airports, namely Ahmedabad, Mangaluru, and Lucknow, but not a single AAI employee in these airports was ready to accept the offer letter of the private concessionaire.

The Hindu

‘A mystery’ how Adani group escapes despite pervading ‘stench of illegality’: Congress

The Congress on Monday claimed that recent media reports have “further illuminated” close links between the Adani group and a “shadowy network” of the group’s confidants who are allegedly involved in round-tripping, money laundering and brazen violations of Securities and Exchange Board of India (SEBI) laws.

The Hindu

Congress cites news on Adani auditor under NFRA lens, says something 'truly rotten' in conglomerate

The Congress cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate.

The Hindu

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‘Cash-for-query’ row: 62 questions by Mahua Moitra, 9 on Adani, 1 on Hiranandani group

As the Lok Sabha ethics committee prepares to hear cash-for-query allegations against Trinamool Congress MP Mahua Moitra, accusations are piling up about the misuse of parliamentary privileges, allegedly to help the Hiranandani Group and target its business rival Adani Group.

Newslaundry

Nod for Chinese technicians to come ashore, unload cranes at Vizhinjam port

FRRO allows 3 Chinese techs to disembark ship at Vizhinjam Int'l Seaport to assist staff unload cranes. Bad weather had delayed work, but sea conditions expected to improve. State govt & Adani Group exerted pressure on Centre to give permission. 3 more ships due in Nov.

The Hindu

Rahul Gandhi targets Adani group again on coal pricing issue

Citing UK-based newspaper, Financial Times which claimed that the Adani Group was purchasing coal above its market value from Asian countries, Congress leader Rahul Gandhi on Wednesday alleged that it is due to this reason for prices of electricity in country are getting inflated.

Dynamite News

‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra

The Adani Group has reacted to the alleged ‘cash for question’ in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra

The Hindu

Lokesh can be arrested in Delhi as well, says YSRCP leader Sajjala

YSRCP claims TDP's Nara Lokesh may be arrested in Delhi. YSRCP's Sajjala Ramakrishna Reddy says alignment was changed to suit TDP's needs & misused power. TDP politicising CM's meeting with Adani Group Chairman. TDP using corruption cases to evoke sympathy & mislead public.

The Hindu

Petition alleges ‘conflict of interest’ in SC-appointed panel to investigate Adani Group

A new petition filed in the Supreme Court has alleged “conflict of interest” involving members of the expert committee set up to investigate allegations against the Adani Group.

Newslaundry

"India's PM can't make enquiry on Adani because...," Rahul Gandhi

Launching an attack on Prime Minister Narendra Modi-led government over allegations concerning the Adani group, Congress leader Rahul Gandhi on Saturday said that India's Prime Minister cannot make an enquiry on his group as "the loss will not be for Adani but to someone else." Read further on Dynamite News:

Dynamite News

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Newslaundry

The Adani story simplified: Stock manipulation, mystery investors and SEBI role

The Adani Group has been hit by another storm.

The Guardian - UK

Rahul Gandhi demands Modi investigation into Adani Group

Indian opposition leader brandishes Guardian article on alleged financial violations by Adani family

Dynamite News

“Why PM is not forcing investigation, why is he quiet,”: Rahul Gandhi seeks JPC probe into allegations against Adani group

Targeting the BJP-led government over allegations concerning the Adani group, Congress leader Rahul Gandhi on Thursday accused the Prime Minister of “being quiet” and said the least that should be done is a Joint Parliamentary Committee probe. Read further on Dynamite News:

The Hindu

PM should come clean on fresh Adani allegations as India’s reputation is on the line: Rahul Gandhi

K.C. Venugopal alleges that “PM Modi’s best friend is running an international money laundering racket”.

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The Independent UK

Report says close associates of India's Adani Group secretly purchased large numbers of shares

Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased of millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report by a network of investigative journalists

Al Jazeera

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

The Times of India

Adani group shares fall after OCCRP allegations on offshore owners

MUMBAI: Adani Group shares and bonds declined after potentially controversial owners of its stock were identified in a new investigation, dealing the Indian conglomerate a fresh blow after short-seller Hindenburg Research in January alleged the group engaged in corporate fraud and stock price manipulation.

Dynamite News

Adani Group rejects OCCRP claims, says report aimed at short selling stocks

The Adani Group has categorically rejected the allegations levelled by the Organised Crime and Corruption Reporting Project (OCCRP) terming the allegations as 'recyled'. Read further on Dynamite News:

The Hindu

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the “mysterious” investors bought and sold Adani stock through such offshore structures.

The Guardian - UK

Modi-linked Adani family secretly invested in own shares, documents suggest

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

Newslaundry

Adani stock manipulation exposed: Offshore trail points to two investors with links to Adani family

After the Hindenburg report accused the Adani Group of stock manipulation earlier this year, the conglomerate’s stocks had seen a sharp dip, and the Supreme Court had ordered a probe amid protests by opposition parties.

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