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The Latest Breaking News from Sagar Adani

US set to drop criminal charges against Indian billionaire Gautam Adani after $18m settlement

Reversal comes after Adani hires new legal team led by Robert J Giuffra Jr, one of president Donald Trump's personal lawyers

The Independent UK

NDTV covers the Adani case, but without key detail of an ‘unusual offer’

What does a newsroom do when the biggest news of the day is about the person who owns it?

Newslaundry

US agrees to settle lawsuit that accused an Indian billionaire of hiding an alleged bribery scheme

The U.S. government has agreed to settle a lawsuit against Indian billionaire Gautam Adani

The Independent UK

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US set to drop criminal fraud case against Gautam Adani, sources say, as deal reached in civil case

The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani over an alleged bribery scheme tied to an Indian solar project. Separately, the SEC has settled a related civil fraud case against Adani and his nephew, subject to court approval, with both agreeing to pay civil…

The Economic Times

Adani settles SEC case, criminal charges set to be dropped — a 17-month legal battle winds down

Gautam Adani and his nephew Sagar will pay $18 million to settle US Securities and Exchange Commission charges. The Adani Group faces allegations of false statements regarding Adani Green Energy Ltd. This settlement could pave the way for the conglomerate's return to international markets. The Justice Department is also moving…

The Economic Times

Indian government calls on people to use electricity before 5pm amid energy crisis

South Asian nation depends on imports for bulk of its oil and gas needs

The Independent UK

Indian regulators dismiss stock manipulation allegations on Adani Group

Despite the dismissal, Gautam Adani still faces allegations of bribery, fraud in US courts.

Al Jazeera

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US SEC says Modi govt has not delivered bribery case summons to Adani Group

The United States Securities and Exchange Commission (US SEC) has been unable to serve summons to Gautam Adani, his nephew Sagar Adani, and the Adani Group in India. The US SEC, in a filing on Monday, August 11, told a New York Eastern District court that they asked India’s Ministry…

Newslaundry

Modi takes a question: PM says ‘every Indian is part of family’ when journo asks about Adani case

Prime Minister Narendra Modi might be proud of his “culture” of avoiding press conferences when he’s in India. But now that he’s in the United States meeting President Donald Trump, he attended a press briefing where a journalist asked him a question anyway.

Newslaundry

Can Indian billionaire Gautam Adani be tried in the US for India ‘crimes’?

The recent allegations by US prosecutors highlight jurisdictional complexities that could determine Adani’s fate.

Al Jazeera

Glittering Dreams: India's Big Push For Solar Power

Vast lines of solar panels reflect the blazing sun in India's western deserts, a dazzling ocean broken only by bristling wind turbines.

International Business Times

Congress demands discussion on Adani indictment in Parliament, urges CBI probe

Congress demanded discussion on the Adani indictment in the Parliament as both houses will meet for the third day of the winter session on Wednesday. Read further on Dynamite News:

Dynamite News

Adani Group Says It Lost Nearly $55 Bn As US Charges Sparked Rout

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.

International Business Times

Everything we know about US indictment of Indian billionaire Gautam Adani

Modi ally accused of bribing Indian officials to get lucrative renewable energy contracts

The Independent UK

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Al Jazeera

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

It’s the latest in a recent series of fraud allegations trailing the embattled billionaire’s Adani Group.

Newslaundry

Adani met YS Jagan in 2021, promised bribe of $200 million, says SEC

Foreign Official #1 is how the indictment order by the United States identifies a high-ranking official in Andhra Pradesh whom Gautam Adani personally met in August 2021 to offer bribes for getting solar contracts.

Latin Times

India's Adani Says US Charges 'Baseless', Opposition Demand Arrest

The stiff denial came after shares in the industrialist's conglomerate nosedived more than 23 percent in Mumbai, the morning after a bombshell indictment in New York accused him of deliberately misleading international investors.

Newslaundry

Why the US has accused Adani of hiding its alleged bribes in India from American investors

When Gautam Adani announced a $10 billion investment in the United States after Donald Trump won the presidential polls earlier this month, there was a far more pressing matter in America that he was ignoring.

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Fortune

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

The Independent UK

US charges Indian billionaire Gautam Adani with bribery and fraud

Modi ally accused of orchestrating bribery scheme to secure lucrative renewable energy contracts in India

International Business Times

India Opposition Leader Demands Tycoon Adani's Arrest After US Charges

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.

Newslaundry

Adani’s US ‘arrest warrant’ over bribery: Foreign media points to ‘text trail, ties with Modi’

Update: At 1:41 pm on November 21, 2024, Adani Group-owned NDTV Profit published a report saying that the conglomerate denies the allegations against it and will seek legal recourse.

Top News

Indian Billionaire Gautam Adani Indicted In US Fraud Scheme

Indian billionaire Gautam Adani and executives indicted in New York for alleged multi-billion-dollar fraud scheme involving solar power plant development.

Newslaundry

Adani indicted in US for $265 million bribery scheme in solar energy contracts

Adani Group founder Gautam Adani and seven others, including his nephew Sagar Adani, have been indicted in New York over serious charges of alleged bribery and securities fraud related to solar energy projects in India.

Fortune

A billionaire titan and the former third-wealthiest person in the world was just charged in a mammoth $2 billion bribery scheme

The alleged plot involved code names, PowerPoints, and bribe notes as a way to pay out hundreds of millions in bribes to government officials, authorities alleged.

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