The Latest Breaking News from the Adani Group

An application last week was filed with the National Green Tribunal for an immediate stay on construction activities at the controversial 1,600 MW thermal power plant in Uttar Pradesh’s Mirzapur district. 

Modi dismisses question on tycoon Gautam Adani’s US indictment as a ‘personal matter’

Taking to social media platform Facebook, Rahul Gandhi wrote, "Modi ji sansad me aao, Adani par jaanch se mat ghabrao." Read further on Dynamite News:

The recent allegations by US prosecutors highlight jurisdictional complexities that could determine Adani’s fate.

The Adani Group has been accused of bribing Indian officials to secure solar energy contracts at inflated rates. The group was earlier accused of selling low-grade coal at inflated prices, and the Hindenburg Research and OCCRP reports had alleged the use of offshore shell companies to manipulate stock prices.

Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced

Indian Parliament faces disruptions over allegations against billionaire Gautam Adani, leading to demands for investigation and international repercussions.

Congress demanded discussion on the Adani indictment in the Parliament as both houses will meet for the third day of the winter session on Wednesday. Read further on Dynamite News:

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.