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The Latest Breaking News from the Adani Group

FT exposé on Adani Group ‘inflating fuel costs’: Not quite front-page news in India

On October 9, the Adani Group warned of an upcoming exposé on its operations by Financial Times – a “renewed attempt” to “rehash old and baseless allegations to tarnish the name and standing of the Adani Group”.

Newslaundry

New exposé around the corner? Adani Group slams Financial Times for ‘next attack’

Perhaps preempting a new story on its operations, the Adani Group issued a statement yesterday lamenting a “renewed attempt” by the Financial Times “to rehash old and baseless allegations to tarnish the name and standing of the Adani Group”.

Newslaundry

How Indian authorities ‘weaponised’ a New York Times report to target the press

NewsClick, a defiantly critical news site, has been in the Indian government’s sights over the past few years. But there was little to show after extensive financial probes – until the New York Times published a report which enabled Prime Minister Narendra Modi’s administration to use the press to attack…

France 24

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Enforcement Directorate 'targeting' Sanjay Singh for raising Adani matter in Parliament: AAP

The Aam Aadmi Party (AAP) on October 4 alleged that the Enforcement Directorate (ED) has “targeted” their Rajya Sabha MP Sanjay Singh as he raised issues related to the Adani Group in Parliament.

The Hindu

SEBI is ‘reluctant’ to probe allegations against the Adani Group, Congress alleges

Congress alleges SEBI reluctant to probe Adani Group; reiterates demand for JPC probe to bring out truth. Citing news report, Jairam Ramesh claims “stench of illegality” around Adani-linked shell company Opal Investment

The Hindu

INDIA bloc leader and NCP chief Sharad Pawar visits Adani office, residence in Ahmedabad

In April, Mr Adani had visited Mr Pawar’s residence Silver Oak in south Mumbai.

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

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'Total in talks to invest in Adani Green’s projects'

TotalEnergies SE is in talks to invest in renewable energy projects developed by Adani Green Energy Ltd, people familiar with the matter said, potentially marking the first public deal between the French oil giant and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire.

The Times of India

'Adani scam' exposed role of tax havens in hiding violation of Indian regulations: Jairam Ramesh

The Congress alleged that the “Adani scam” has exposed the role tax havens play in hiding large-scale violation of Indian laws and said the issue should have been discussed at the recent G20 Summit.

The Hindu

Affidavit in SC points to SEBI ‘conflict of interest’ in Adani probe, ex-chairman in NDTV

A new affidavit in the Supreme Court has accused market regulator SEBI of conflict of interest in its probe against the Adani Group. The affidavit has also named UK Sinha, who served as chairman at the regulatory body between 2011 and 2017, and was appointed as non-executive chairperson of NDTV…

Newslaundry

Israel Poised To Become Key Transport Hub, But China Ties May Suffer

The G20 summit in New Delhi announced plans to create a transportation corridor between India and Europe via the Middle East

Zenger

Modi’s plan to change India’s name to Bharat ‘absurd’: Rahul Gandhi

Gandhi’s comments came while touring Europe, meeting with politicians and members of the Indian diaspora.

Al Jazeera

Morning Digest | Adhir Ranjan Chowdhury declines to join ‘one nation, one election’ panel; No Question Hour, private members business during September 18-22 special session of Parliament, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

PM Modi can’t order an inquiry against Adani, Rahul Gandhi alleges in Chhattisgarh

Rahul Gandhi claims Prime Minister Modi cannot order inquiry against Adani Group as it will not put them in trouble. He addressed youth of Chhattisgarh, claiming Congress-run States are ruled by “governments of poor people”, not “governments of Adani”. He said Congress believes in “mohabbat ki dukaan”. Congress-run States are…

The Hindu

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Dynamite News

"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:

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:

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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”.

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.

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 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.

The Hindu

New tender process for Dharavi slum redevelopment transparent; no undue favour to Adani Group: Maharashtra government to Bombay High Court

The new tender issued in 2022 for the Dharavi slum redevelopment project in Mumbai was transparent and no undue favour was shown to the highest bidder Adani Group, the Maharashtra government has submitted to the Bombay High Court.

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