Adani

Adani Green Engages Independent Law Firms to Review Allegations Against Founder and Executives Over Bribery Claims

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In a significant move in the corporate legal landscape, Adani Green, a major Indian renewable energy company, has recently hired independent law firms to conduct a thorough review of the accusations levied against its executives by the U.S. Justice Department. The scrutiny comes in the wake of allegations involving Gautam Adani, the company’s founder, alongside other top officials, who are charged with executing a scheme amounting to the payment of $265 million in bribes to secure lucrative power contracts. The detailed review by the law firms was revealed in a 33-page document linked to the … Read more

Legal Expert Confirms US Indictment Lacks FCPA Charges Against Gautam Adani in Bribery Case

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New Delhi, India — In the latest legal developments from the United States, former Attorney General and prominent Indian lawyer Mukul Rohatgi has made clarifications regarding the criminal charges filed against the Adani Group. These indictments, originating from U.S. prosecutors, concern allegations of bribery connected to acquiring solar power contracts in India, though they notably do not implicate Gautam Adani or his nephew under the U.S. Foreign Corrupt Practices Act (FCPA). Despite the serious nature of the accusations, which suggest that bribes were paid to Indian entities, the specifics of these allegations have not been … Read more

Adani Controversy Spotlights Debate Over U.S. Legal Authority Abroad, Says Attorney

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New Delhi, India — A recent lawsuit involving Indian conglomerate Adani Enterprises has thrown a spotlight on the extraterritorial application of American laws, stirring debate and concern among global corporations about the reach of U.S. legal powers. The case, which centers on allegations of fraudulent practices and stock price manipulation, has implications for international business operations and regulatory oversight. The legal entanglements of Adani Enterprises began following a report by a U.S.-based short seller, which accused the conglomerate of various corporate malfeasances, leading to a dramatic plummet in its market value. In response, Adani has … Read more