Gautam Adani

Adani breaks silence on US allegations to say his group is committed to compliance

US authorities have accused Gautam Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes to secure Indian power supply contracts, and misleading US investors during fundraisings in the country

SEC issues summons for Gautam Adani, nephew on bribery allegations

The commission is alleging they were engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company’s compliance with antibribery principles and laws in connection with a $750 million bond offering".

Adani charged in US for alleged bribery, fraud

Indian opposition parties yesterday demanded a probe into allegations of wrongdoing by the Adani Group and said they would raise the issue in parliament after its chair Gautam Adani was charged in the US over an alleged bribery scheme.

Billionaire Adani's Mumbai slum revamp struggles to secure land in potential setback

The Dharavi slum, about three-quarters of the size of New York's Central Park, featured in Danny Boyle's Oscar-winning 2008 movie "Slumdog Millionaire". Its open sewers and shared toilets, close to Mumbai's international airport, stand in contrast to India's development boom.

US probing Adani Group and founder over potential bribery

Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

Adani likely to supply second 800 MW to Bangladesh soon

After starting electricity supply to Bangladesh from the first unit of its plant in Godda in the eastern state of Jharkhand a few days ago, India's Adani Power Limited has said it is expected to commission its second 800 MW unit soon, according to the company statement

What Adani Group has to say

The Daily Star contacted Adani Group for clarifications on certain aspects of the PPA and we are publishing the emailed comment from the Adani Group headquarters in Ahmedabad in India ad verbatim.

Adani power purchase against ‘public policy’: How could such a deal be signed?

"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"

Power supply deal with Adani / Heads Adani wins, tails Bangladesh loses

Gain is for Gautam Adani and loss for Bangladesh: that is how the electricity purchase deal with the Indian business tycoon may turn out to be

January 31, 2023
January 31, 2023

Adani out of world's top-10 billionaires list

Gautam Adani has fallen out of the elite club of the top 10 wealthiest billionaires in the world after losing $36 billion of his wealth so far in January as a sequel to a US short-seller's scathing attack, reports The Economic Times.

September 5, 2022
September 5, 2022

"It is an honour to have met Hon PM of Bangladesh"

Indian business tycoon Gautam Adani called on Prime Minister Sheikh Hasina in New Delhi today (September 5, 2022).

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