US SEC issues summons for India's Adani, nephew

US SEC issues summons for India's Adani, nephew on bribery allegations
Authorities said Adani and seven other defendants, including his nephew Sagar, agreed to bribe Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.
Adani's indictment: How one of India's biggest empires descended into chaos
The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.
Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
One of Asia’s richest men, Indian tycoon Gautam Adani, is again in the spotlight. In an indictment unsealed in New York, Adani, 62, was charged with securities fraud and conspiracy to commit securities and wire fraud.
US indictments scythe $27 billion off value of India's Adani Group firms
Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.
Adani Bribery Charges Add to Quebec Pension’s India Nightmare
US bribery charges against Indian billionaire Gautam Adani have ensnared one of Canada’s largest public pension managers, deepening its embarrassment over a renewable-energy investment that went sour.
Adani Shares Rally In India After Founder's US Charges
Shares in Indian billionaire Gautam Adani's conglomerate recovered slightly Friday after a frenzied sell-off sparked by US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts.
India's Adani says US charges 'baseless', opposition demand arrest
India's Adani Group on Thursday called US charges that their billionaire founder Gautam Adani had paid more than $250 million in bribes "baseless", as the opposition leader demanded the tycoon's
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Indian tycoon and one of Asia's richest men, Gautam Adani, may be facing his biggest challenge yet with an indictment by U.S.
How Adani's US fraud charges impact India's economy and politics
Now, the 62-year-old Indian billionaire and a close ally of Prime Minister Narendra Modi, whose sprawling $169bn empire spans ...
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Supreme Court Urged to Investigate Gautam Adani Indictment
A new plea in the Supreme Court has been filed, asking for an investigation into billionaire Gautam Adani's indictment. The ...
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Bangladesh seeks to review major energy projects including one with India’s Adani Group
A review committee formed by Bangladesh’s interim government on Sunday recommended engaging an investigation agency to examine power agreements signed by deposed prime minister Sheikh Hasina’s regime ...
India's Adani Enterprises Tanks After Founder's US Charges
Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire ...
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Modi's Support For Indicted Tycoon Adani Could Cost India Dearly
As Indian billionaire Gautam Adani faces U.S. indictment, the implications for his longtime support Prime Minister Narendra ...
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Indian billionaire Adani down again, but not out
The bombshell indictment in New York on Wednesday accusing Adani and his associates of paying more than $250 million in bribes to secure lucrative government contracts sparked a frenzied sale of stock ...
Global banks weigh halting fresh credit to India's Adani after U.S. indictment, say sources
By Shankar Ramakrishnan, Sumeet Chatterjee, Davide Barbuscia and Sinead Cruise HONG KONG/NEW YORK (Reuters) -Some global ...