NEW DELHI: The Adani Group on Wednesday denied bribery allegations made by US authorities against its founder Gautam Adani, his nephew Sagar Adani, and Adani Green Energy CEO Vneet Jaain. The denials were made in a stock exchange filing on November 27th, in response to news reports.Calling media reports of Foreign Corrupt Practices Act (FCPA)…
NEW DELHI: French energy major Total Energies, which has made strategic investments of $3.8 billion in the Adani group entities, has pressed the pause button on fresh investments in the ahmedabad-based ports-to-power conglomerate until the bribery allegations — denied by the group — levelled in a US court against top functionaries are cleared.“Until such time…
NEW DELHI: The winter session of Parliament got underway on Monday but both houses faced early adjournments after opposition demanded discussions on various issues. Before the proceedings of both Houses began, Prime Minister Narendra Modi, in his customary address, came down heavily on the opposition as he accused them of trying to control Parliament by…
NEW YORK: The US SEC will have to serve the summons on the Adani group founder and chairman Gautam Adani and his nephew Sagar in the alleged $265 million (Rs 2,200 crore) payoffs through proper diplomatic channels as it has no jurisdiction to summon a foreign national directly, according to sources.The US Securities and Exchange…