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Adani Group faces US charges

The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10 per cent of the subsidiary's business. None of the Adani Group's 11 public companies is implicated or accused of any wrongdoing, the group's Chief Financial Officer (CFO) Jugeshinder Singh said in a statement. The Adani Group has strongly condemned the US report, terming it "baseless." In his post on Saturday, C…

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Gautam Adani

New Delhi

Delhi Division

Delhi

India

"None Of Adani's 11 Public Companies Subject To Indictment": Group CFO On US Report

He said none of Adani’s 11 public companies “are subject to indictment”.

The Straits Times

Singapore Press Holdings

Singapore

Adani CFO says US charges linked to only one business contract

​​​The petition, filed by Vishal Tiwari, an advocate appearing in person, seeks to include critical documents related to criminal charges and securities violations against the conglomerate in a pending case which is related to investigations into the Adani Group's financial practices.

The Economic Times

Sahu Jain family

New petition filed in SC against Adani Group in connection with the US indictment order

All Sides

A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10 per cent of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s chief financial officer said on Saturday (Nov 23).

Business Times

The US Department of Justice (DoJ) recently indicted Gautam Adani and several other executives of the Adani Group on serious charges of bribery, corruption, and securities fraud. These allegations suggest that the company paid over $250 million in bribes to Indian government officials and committed securities and wire fraud to secure funds from US investors through misleading statements. However, the Adani Group has firmly denied these accusatio…

NewsX

Venod Sharma

Settlement May Shield Adani Group From Further Public Scrutiny: Experts

Adani Group has cleared the air on the indictment of Indian billionaire Gautam Adani by a federal grand jury in the United States over fraud allegations.   In a statement on Saturday, October 23, Adani Group Chief Financial Officer (CFO) Jugeshinder Robbie Singh explained that the charges against Adani are related solely to one of its companies, Adani Green Energy Limited. He further stated that the Ksh32.4 billion bribery scheme impacted only 1…

Kenya Times Trending, Breaking News and Videos

Adani Group CFO Clarifies Deal That Led to Indictment in the US

2024-11-23 21:56:54 :  
U.S. bribery charges against Indian billionaire Gautam Adani are related to a contract with Adani Green Energy that accounts for about 50% of its business, the group’s chief financial officer said on Saturday. 10%, and no other companies in the group have been accused of wrongdoing.  
Gautam Adani, one of the world’s richest men, and seven others were indicted by U.S. prosecutors on Wednesday for their alleged role in a $…

Thelocalreport.in

US bribery charges related to just one contract, 10% of business: Adani Group CFO

A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group’s CFO said on Saturday. On Wednesday, Gautam Adani, opens new tab, one of the world’s […]

peopledaily.digital

Adani Group chief financial officer sets record straight on US indictment – People Daily

NEW DELHI — A fresh application has been submitted to the Supreme Court of India, seeking the inclusion of key documents related to the recent US indictment of the Adani Group. Filed by advocate Vishal Tiwari, the petition aims to introduce two critical pieces of evidence into an ongoing case related to the Adani Group’s financial practices. The first document is a formal US court indictment accusing Gautam Adani, his relative Sagar Adani, and o…

Adani Group faces US charges

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