It remains to be seen how the political impact of the US prosecutors’ charges against the Adani group plays out.
Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
US authorities said on Wednesday that Adani Group Chairman Gautam Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.
The Power Division has replied to Gautam Adani’s letter to Prof Muhammad Yunus, chief adviser to the interim government, saying the government will clear its dues within the shortest possible time.
Government must expedite efforts to resolve the crisis
India’s Adani Group has been repeatedly requesting the interim government to immediately clear dues of around $800 million on their electricity sales, according to officials of Bangladesh Power Development Board (PDB).
Adani Group has previously denied these allegations, and an email query sent to Adani Group was not immediately answered.
Reports Financial Times
India's Adani Green Energy said on Tuesday it is aware of a US investigation into potential violations of anti-corruption laws by a "third party", but denied any relationship with the entity
It remains to be seen how the political impact of the US prosecutors’ charges against the Adani group plays out.
Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
US authorities said on Wednesday that Adani Group Chairman Gautam Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.
The Power Division has replied to Gautam Adani’s letter to Prof Muhammad Yunus, chief adviser to the interim government, saying the government will clear its dues within the shortest possible time.
Government must expedite efforts to resolve the crisis
India’s Adani Group has been repeatedly requesting the interim government to immediately clear dues of around $800 million on their electricity sales, according to officials of Bangladesh Power Development Board (PDB).
Adani Group has previously denied these allegations, and an email query sent to Adani Group was not immediately answered.
Reports Financial Times
India's Adani Green Energy said on Tuesday it is aware of a US investigation into potential violations of anti-corruption laws by a "third party", but denied any relationship with the entity
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