ADANI
Moneylife Digital Team 02 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has kept in abeyance pleas by the Adani group and its offshore investors to settle a raft of regulatory charges until internal processes are reviewed, says a report from Reuters quoting two sources with direct knowledge of the matter.

Read More

Moneylife Digital Team 13 March 2025
The Union ministry of law and justice in February forwarded a summons from the US Securities and Exchange Commission (SEC) to a sessions court in Ahmedabad for it to be served on industrialist Gautam Adani at his address in the city, the Union government confirmed to The Hindu.

Read More

Bar Bench 12 February 2025
United States President Donald J Trump on February 10 signed an executive order today suspending the enforcement of the Foreign Corrupt Practices Act (FCPA) of 1977 in a move to enhance American business competitiveness and national security.

Read More

Moneylife Digital Team 24 January 2025
Sri Lanka has revoked a power purchase deal with India's Adani Group after a probe into US allegations that the conglomerate's executives paid bribes to secure Indian power supply contracts, according to an AFP report published by the Economic Times

Read More

KBS Sidhu 03 January 2025
In a landmark decision, a New York federal court has ruled that the criminal and civil trials involving Indian billionaire Gautam Adani, though distinct legal proceedings, will be presided over by the same judge, US District Judge Nicholas Garaufis.

Read More

Moneylife Digital Team 30 December 2024
Indian conglomerate Adani group has decided to exit from its joint venture with Wilmar International Ltd of Singapore by selling its entire stake in Adani Wilmer Ltd (AWL) to its partner for not exceeding Rs305 per share.

Read More

Amid the uproar surrounding the indictments and arrest warrants in the sprawling Adani bribery scandal, the glaring silence of a central player—Solar Energy Corporation of India (SECI)—stands out.

Read More

Moneylife Digital Team 27 November 2024
Shares of all Adani group companies rallied during the morning trade on Wednesday, with Adani Energy India Ltd (AEIL) climbing nearly 8%, bouncing back from the previous day's fall, after a statement by Adani Green Energy Ltd (AGEL). In the regulatory filing, AEGL stated that its directors, Gautam Adani, Sagar Adani and Vneet Jaain, are not charged with violation of the US Foreign Corrupt Practices Act (FCPA) in the indictment.

Read More

Moneylife Digital Team 27 November 2024
While affirming the ratings of seven companies from the Adani group, Moody's Ratings changed the outlook on all seven issuers to negative from stable. The Adani group issuers affected by the change are Adani Green Energy Ltd restricted group (AGEL RG-1), Adani Green Energy Ltd restricted group (AGEL RG-2), Adani Transmission Step-One Ltd (ATSOL), Adani Electricity Mumbai Ltd (AEML), Adani Ports and Special Economic Zone Ltd (APSEZ) and Adani International Container Terminal Pvt Ltd (AICTPL).

Read More

Moneylife Digital Team 26 November 2024
Following the bribery charges and indictment of certain board members of Adani Green Energy Ltd (AGEL) by the US Securities and Exchange Commission (SEC) and department of justice (DoJ), Fitch Ratings has put on rating watch negative (RWN) Adani group's entities rated under its infrastructure and project finance rating.

Read More

Moneylife Digital Team 25 November 2024
Adani Green Energy Ltd (AGEL) fell about 11% on the National Stock Exchange (NSE) to Rs933 on Monday after French energy giant TotalEnergies SE announced that it would not make any new financial contribution as part of its investments in the Adani group of companies till the bribe charges are cleared by the Indian conglomerate.

Read More

Moneylife Digital Team 25 November 2024
The U.S. Securities and Exchange Commission (SEC) has summoned Gautam Adani and his nephew Sagar Adani, alleging their involvement in a $265 million bribery scheme. The case accuses the Adani executives of using bribes to secure contracts for the “Manufacturing Linked Projects,” pivotal to their renewable energy ventures, while misleading investors during a 2021 bond offering.

Read More

Debayan Roy (Bar Bench) 25 November 2024
A plea has been moved before the Supreme Court seeking to place additional documents on record and highlight new facts regarding alleged malpractices by the Adani Group, following recent indictments in the United States.

Read More

Moneylife Digital Team 22 November 2024
Soon after the US Securities and Exchange Commission (SEC) and the attorney's office for the eastern district of New York filed civil and criminal charges against Gautam Adani, his nephew Sagar Adani, and other executives of the Adani group, Kenya decided to cancel airport and energy deals signed with the Indian conglomerate.

Read More

Moneylife Digital Team 22 November 2024
GQG Partners Inc, one of the first investors to acquire a stake in the Adani group post the Hindenburg scandal in 2023, says it is monitoring the charges brought by the US attorney's office for the eastern district of New York and the US Securities and Exchange Commission (SEC) against Gautam Adani and certain other Adani group executives and companies, says a report from CNBC TV18.

Read More

Moneylife Digital Team 13 September 2024
US short-seller Hindenburg Research alleged that the Swiss authorities had frozen more than US$310mn (million) in funds across multiple bank accounts as part of a money laundering and securities forgery investigation into the Adani group, dating back as early as 2021. Adani group, however, has rejected the allegations.

Read More

Moneylife Digital Team 11 August 2024
Hindenburg Research alleged that SEBI chairperson Madhabi Puri Buch had a stake in obscure offshore entities used in the Adani money siphoning scandal. Ms Buch, however, 'strongly' denied the 'baseless' allegations and insinuations made in the Hindenburg report.

Read More

Moneylife Digital Team 03 May 2024
The Gautam Adani-led Adani Enterprises Ltd says it received two show-cause notices (SCNs) from market regulator Securities and Exchange Board of India (SEBI) over alleged non-compliance in related party transactions. However, it says there is no material consequential effect of these SCNs.

Read More

Once again, an anonymous source at the Indian capital market regulator has leaked information to a leading news agency about a price-sensitive investigation.

Read More

Moneylife Digital Team 23 April 2024
According to individuals familiar with the matter, India’s market regulator Securities and Exchange Board of India (SEBI), has found that a group of offshore funds investing in companies under the Adani umbrella have breached disclosure regulations and exceeded investment thresholds.

Read More

Free Helpline
Legal Credit
Feedback