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The Latest Breaking News from the Adani Group

SEBI can’t be expected to take OCCRP allegations in Adani case as gospel truth: SC

Supreme Court said SEBI cannot accept foreign media reports as "gospel truth" on Adani Group's alleged stock manipulation & accounting fraud. SEBI bound by evidentiary requirements & cannot take reports as evidence. SIT to investigate, but SEBI following Justice Sapre committee's suggestions to protect investors.

The Hindu

‘Should SEBI now follow journalists?’ SC reserves verdict in Adani-Hindenburg case

The Supreme Court today reserved its verdict in a batch of petitions seeking a court-monitoring inquiry into fraud allegations made by Hindenburg Research against the Adani Group, Bar and Bench reported.

Newslaundry

Tajpur deep sea port | West Bengal CM Mamata’s remarks at business summit raise questions on Adani Group’s role in project

Tajpur deep sea port: The absence of the Adani Group from the BGBS has raised further questions about their role in the Tajpur port project.

The Hindu

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Adani Group’s Dharavi Redevelopment Project refutes Congress’s allegations of favouritism

DRP refutes Congress' allegations of favouritism in Dharavi Redevelopment Project. DRP says vested interests are attempting to derail/delay project with revenue potential of ₹20,000 crore.

The Hindu

‘No jurisdiction’, a dubious complainant: Why FT journalists moved SC against police notices

When the Gujarat police served notices to two Financial Times journalists asking them to appear before it, the police allegedly did not mention under which provisions of law the notices were issued. The police also did not offer details of any FIR filed in the matter, or a copy of…

Newslaundry

AAI employees refuse to join Adani Group as joint operation ends in three airports

The three-year joint operation by the employees of the AAI and the Adani Group has been completed in three airports, namely Ahmedabad, Mangaluru, and Lucknow, but not a single AAI employee in these airports was ready to accept the offer letter of the private concessionaire.

The Hindu

Decoding the Lok Sabha Ethics Committee’s probe against Trinamool MP Mahua Moitra

The Hindu explains the allegations against Mahua Moitra, the role of Ethics Committee of Lok Sabha in the probe and what happens in the cash-for-query case.

The Hindu

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‘State-sponsored’ attacks on phones of India opposition leaders, says Apple

Several parliamentarians and journalists warned their devices were likely compromised by ‘state-sponsored attackers’.

Al Jazeera

‘A mystery’ how Adani group escapes despite pervading ‘stench of illegality’: Congress

The Congress on Monday claimed that recent media reports have “further illuminated” close links between the Adani group and a “shadowy network” of the group’s confidants who are allegedly involved in round-tripping, money laundering and brazen violations of Securities and Exchange Board of India (SEBI) laws.

The Hindu

Congress cites news on Adani auditor under NFRA lens, says something 'truly rotten' in conglomerate

The Congress cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate.

The Hindu

Sparks fly at Ethics committee meet to hear complaint against Mahua Moitra

Lok Sabha Ethics Committee summons TMC MP Mahua Moitra on October 31 over cash-for-query charges. Opposition MPs initially refused to allow complainant and advocate to depose. Chairman's vote broke deadlock. Committee seeks assistance from MHA, MEITY.

The Hindu

Spat between TMC’s Mahua Moitra and BJP’s Nishikant Dubey continues

BJP’s Lok Sabha member Nishikant Dubey on October 21 said TMC MP Mahua Moitra was in India when her parliamentary ID was used in Dubai

The Hindu

‘Cash-for-query’ row: 62 questions by Mahua Moitra, 9 on Adani, 1 on Hiranandani group

As the Lok Sabha ethics committee prepares to hear cash-for-query allegations against Trinamool Congress MP Mahua Moitra, accusations are piling up about the misuse of parliamentary privileges, allegedly to help the Hiranandani Group and target its business rival Adani Group.

Newslaundry

Congress has no faith in either Constitution or Supreme Court: BJP responds to Adani coal invoicing allegations

Earlier in the day, Mr. Gandhi cited a media report to accuse the Adani Group of over-invoicing coal imports and fleecing people to the tune of ₹12,000 crore in electricity rates

The Hindu

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The Hindu

Ethics Committee calls BJP MP Dubey, advocate Dehadrai for statement in complaint against Moitra

The Lok Sabha’s Ethics Committee asked BJP MP Nishikant Dubey and advocate Jai Anant Dehadrai to appear before it for “oral evidence”

Dynamite News

Rahul Gandhi targets Adani group again on coal pricing issue

Citing UK-based newspaper, Financial Times which claimed that the Adani Group was purchasing coal above its market value from Asian countries, Congress leader Rahul Gandhi on Wednesday alleged that it is due to this reason for prices of electricity in country are getting inflated.

The Hindu

Explained | The allegations on Adani coal imports

Adani Group accused of importing coal at inflated prices; denies allegations. FT report based on 30 shipments of coal from Indonesia to India over 32 months. Prices declared to custom officers in India far higher than corresponding export declarations. Three middlemen supplied coal to Adani at substantial premium to market…

The Hindu

Political storm over ‘cash for query’ allegation against TMC MP Mahua Moitra intensifies

The political storm over BJP MP Nishikant Dubey’s “cash-for-query” allegation against Trinamool Congress MP Mahua Moitra intensified

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The Hindu

‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra

The Adani Group has reacted to the alleged ‘cash for question’ in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra

The Hindu

Remarks against PM Modi: SC seeks Uttar Pradesh response on Pawan Khera plea

The Supreme Court on Monday sought a response from Uttar Pradesh to a plea by Congress leader Pawan Khera to quash criminal proceedings instituted against him over an alleged mispronunciation of the name of the Prime Minister as ‘Narendra Gautam Das Modi’ at a press conference in Mumbai. The press…

Newslaundry

FT exposé on Adani Group ‘inflating fuel costs’: Not quite front-page news in India

On October 9, the Adani Group warned of an upcoming exposé on its operations by Financial Times – a “renewed attempt” to “rehash old and baseless allegations to tarnish the name and standing of the Adani Group”.

Newslaundry

New exposé around the corner? Adani Group slams Financial Times for ‘next attack’

Perhaps preempting a new story on its operations, the Adani Group issued a statement yesterday lamenting a “renewed attempt” by the Financial Times “to rehash old and baseless allegations to tarnish the name and standing of the Adani Group”.

France 24

How Indian authorities ‘weaponised’ a New York Times report to target the press

NewsClick, a defiantly critical news site, has been in the Indian government’s sights over the past few years. But there was little to show after extensive financial probes – until the New York Times published a report which enabled Prime Minister Narendra Modi’s administration to use the press to attack…

The Hindu

Enforcement Directorate 'targeting' Sanjay Singh for raising Adani matter in Parliament: AAP

The Aam Aadmi Party (AAP) on October 4 alleged that the Enforcement Directorate (ED) has “targeted” their Rajya Sabha MP Sanjay Singh as he raised issues related to the Adani Group in Parliament.

The Hindu

SEBI is ‘reluctant’ to probe allegations against the Adani Group, Congress alleges

Congress alleges SEBI reluctant to probe Adani Group; reiterates demand for JPC probe to bring out truth. Citing news report, Jairam Ramesh claims “stench of illegality” around Adani-linked shell company Opal Investment

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