The Latest Breaking News from Sagar Adani

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…

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.

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

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

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.

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.

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.

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.

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