WASHINGTON — Indian billionaire industrialist Gautam Adani has agreed to pay a multi-million-dollar settlement in a US civil court case linked to corruption without admitting guilt, his company said Friday. The November 2024 indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme. […]
WASHINGTON — When the Justice Department indicted India’s richest man in the final weeks of the Biden administration, prosecutors described an “elaborate” bribery scheme involving “corruption and fraud at the expense of U.S. investors.” Now, according to several people with knowledge of the case, the Justice Department is planning to drop the charges altogether. The […]
NEW DELHI — Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia’s richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of USD 92.6 billion, Adani surpassed Ambani, whose fortune stands at USD 90.8 billion, to become the richest […]
SRINAGAR — Police on Wednesday prevented Congress workers from marching towards the Raj Bhavan here to protest against the BJP’s policy to “defend” billionaire industrialist Gautam Adani, and its “utter failure” to maintain peace in Manipur. The Congress workers assembled at the Jammu and Kashmir Pradesh Congress Committee (JKPCC) headquarters on MA Road here, officials […]
JAMMU — The Jammu and Kashmir Pradesh Youth Congress (JKPYC) on Friday staged a protest accusing the BJP-led NDA government of shielding billionaire industrialist Gautam Adani, whom the US Department of Justice has accused of being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in […]
SRINAGAR — National Conference president Farooq Abdullah on Thursday said the Centre should take the allegations against the Adani group seriously and investigate the matter thoroughly. The former chief minister said while he does not have much information about the issue related to the Adani group, there have been allegations of wrong doing earlier as […]
NEW DELHI — Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday. Gandhi’s demand came after shares in the industrialist’s conglomerate nosedived nearly 20 percent in Mumbai, the morning after a bombshell […]
NEW DELHI — Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday. With a business empire spanning coal, airports, cement and media, the chairman of Adani Group has been rocked in recent years by corporate fraud […]
NEW DELHI — Billionaire Gautam Adani’s conglomerate Adani Group is set to take complete ownership of news agency IANS India Pvt Ltd by raising its stake in the company, further expanding its media presence after acquiring NDTV. In December 2023, Adani Group had picked up the controlling stake in IANS at 50.50 percent. Now, the […]
NEW DELHI — In a relief to the Adani Group, the Supreme Court on Wednesday refused to transfer the probe into the allegations of stock price manipulation by the Indian corporate giant to a special investigation team and directed market regulator SEBI to complete its probe into two pending cases within three months. Holding that […]