India's Adani Green says independent review on US indictment found no irregularities
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024. REUTERS/Amit Dave Purchase Licensing Rights, opens new tab
April 28 (Reuters) - India's Adani Green (ADNA.NS), opens new tab on Monday said that its independent review of the U.S. indictment of founder Gautam Adani and top Adani Green executives, who were accused of paying $265 million in bribes for power contracts, did not identify any non-compliance or irregularities.
In November, U.S. authorities indicted Gautam Adani, his nephew and Executive Director Sagar Adani and Managing Director Vneet S. Jaain, alleging that they paid bribes to secure Indian power supply contracts and misled U.S. investors during fund raises.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
The Adani Group has denied the charges, calling them "baseless."
The company appointed independent law firms in January to review the U.S. indictment.
Based on this review, the management of the holding company concluded that it, along with its subsidiaries, complied with applicable laws and regulations, Adani Green said in an exchange filing.
The company added it does not expect the U.S. proceedings to have material consequences for the group.
The U.S. Securities and Exchange Commission asked Indian authorities for assistance in February with its investigation.
Meanwhile, the company reappointed Vneet Jaain as its managing director for another five years, effective July 10, despite the U.S. indictment.
Throughout his 15-year tenure, Jaain has been "spearheaded on group's strategy for its energy and infrastructure business and has been instrumental in growing various businesses from conceptualisation to operation," Adani Green said in a statement.
Reporting by Sethuraman NR in Bengaluru; Editing by Tasim Zahid
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
14 hours ago
- Scottish Sun
Elon Musk has PTSD & made a MISTAKE by helping Trump, his dad claims as he reveals verdict on what caused explosive feud
ELON Musk has "White House PTSD" and thinks he made a mistake by helping Trump get reelected, his dad has claimed. Errol Musk, 79, made the explosive remarks in Moscow, where he's set to appear at a Kremlin-backed forum organised by Putin's inner circle. Advertisement 9 Errol Musk claims his son Elon has 'PTSD from the White House' Credit: East2West 9 Musk Snr also believes the Tesla boss regrets helping Trump get reelected Credit: Reuters 9 Errol is currently in Moscow to appear at a Kremlin-backed forum Credit: East2West 9 Elon reportedly donated $288 million to Trump's 2024 campaign Credit: AFP It comes just days after his billionaire son's high-profile alliance with the US President imploded in a fierce online feud. The world's richest man — who reportedly donated $288 million to Trump's 2024 campaign and briefly served as a White House aide — has now turned on the president over his sweeping tax and spending bill. Elon even claimed on X that Trump was tied to disgraced paedophile Jeffrey Epstein, though the post was later deleted and the White House dismissed the allegation outright. Their bromance is now beyond repair. Advertisement On Sunday, Trump confirmed to NBC that he has no interest in making amends: 'I would assume so, yeah,' he said when asked if their relationship was over. 'I have no intention of speaking to him.' Now, the Tesla and SpaceX boss is said to be grappling with regret and fatigue from his turbulent stint in Washington. Musk Snr told Putin-controlled media: 'So at the moment, Elon is inclined to say that he's made a mistake.' 'Trump will prevail. He's the president, he was elected as the president. Advertisement 'Elon made a mistake, I think, but he's tired, he's stressed. He added: 'Five months of continuous stress, continuous, continuous stress, stress, stress. Trump crushes 'peace talk' hopes with Musk as he insists Elon has 'lost his mind' and 'vows to get rid of his Tesla' 'And then in the end, it's just him and Trump left… They still don't know what to do, so they fight with each other until they can come to normal conditions.' The South African businessman likened the split to a "marriage going wrong" and suggested his son was out of depth in the brutal political arena. Advertisement He told Russian outlet Izvestia: 'It happens in marriages, it happens in partnerships, it happens a lot . 'And people have to understand that at the moment, Elon is having second thoughts... 'He's not a great politician, he is still learning, he's a great tech innovator and so forth. 'But his politics is, as I've said before, is a swimming pool with no bottom, it's a swimming pool with no sides. Advertisement 'When you're in a swimming pool of politics, you've got to really know where to go. 'And he [Elon] doesn't realise that.' 9 Errol made the explosive claims on Putin-controlled media in Russia Credit: East2West 9 He said his son had a very stressful five months Credit: East2West Advertisement Errol added that Elon had been trying to "get everything right" with a recent bill, but clashed with Trump over what he saw as excessive Democratic spending concessions. 'But unfortunately, he doesn't realise that in order to get their votes in the Senate and the Congress, Trump has to do that,' he said. 'They are the only two people left in the arena… and they took to each other, which is understandable.' Errol's comments were made to Tsargrad TV — owned by Konstantin Malofeev, a businessman with alleged links to Russian military intelligence. Advertisement He praised Moscow, saying: 'Whoever designed this city is a true genius. These majestic buildings remind me of Ancient Rome.' He also dismissed Western portrayals of the Russian capital as 'nonsense.' 9 Trump and Musk's bromance fell through in a spectacular public feud online Credit: AFP 9 The feud erupted over Trump's 'big, beautiful bill,' which proposed stripping billions in government subsidies from Tesla Credit: AP Advertisement Errol will speak at the Future Forum 2050, organised by Malofeev and Putin ideologist and 'philosopher' Alexander Dugin. Meanwhile, Russia appears eager to capitalize on Musk's estrangement from the US political elite. Putin crony Dmitry Medvedev cheekily offered to mediate peace talks between 'D and E' — Trump and Elon— 'for a reasonable fee and to accept Starlink shares as payment.' Another Kremlin loyalist, ex-space chief Dmitry Rogozin, publicly offered Musk asylum. Advertisement 'You are respected in Russia. If you encounter insurmountable problems in the US, come to us and become one of us,' Rogozin wrote. Russia would offer him 'reliable comrades and complete freedom of technical creativity'.
Scottish Sun
16 hours ago
- Scottish Sun
Putin plotting to blitz Ukraine with ‘vicious & unrelenting' revenge strike in days after Op Spiderweb, US insiders warn
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) VLADIMIR Putin is preparing a "huge, vicious and unrelenting" revenge assault on Ukraine just days after Operation Spiderweb, U.S. and Western officials have warned. Insiders said the Kremlin's full-scale retaliation for last week's stunning drone blitz on four key Russian airbases hasn't yet materialized - but it is coming very soon. 12 Western officials have warned that Vladimir Putin is plotting a major revenge assault on Ukraine Credit: AFP 12 Fire and smoke rise from the site where a Russian missile struck a residential area in Kharkiv on Saturday Credit: AP 12 Officials say the strikes could also aim symbolic Ukrainian targets 12 Footage of Operation Spiderweb showed Russian planes left burning on the runway The revenge strike will be "asymmetrical" and likely to feature a mix of drones and missiles aimed at symbolic Ukrainian targets - not just military assets, one U.S. official told Reuters. Another said the operation could begin within days. A senior Western diplomat added: "It will be huge, vicious and unrelenting. "But the Ukrainians are brave people." On Friday, Russia unleashed a fierce missile and drone barrage on Kyiv, killing at least six and injuring over 80, but American officials say this may only be the beginning. Russia's Defense Ministry called it a response to "terrorist acts" by Ukraine - but insiders say the real retaliation is still being assembled behind the scenes. U.S. officials believe the SBU — Ukraine's security service — may be directly targeted in the revenge strike. Carnegie Endowment analyst Michael Kofman told Reuters: "Most likely, they will attempt to retaliate against (SBU) headquarters, or other regional intelligence administration buildings. "In general, Russia's ability to substantially escalate strikes from what they are already doing — and attempting to do over the past month — is quite constrained." Putin plotting 'final killer offensive' to WIN Ukraine war despite Russian losses nearing 1 MILLION 12 PUTIN'S $7bn HUMILIATION The looming storm follows Operation Spiderweb - Ukraine's most daring covert strike yet. It was led personally by spy chief Vasyl Malyuk under the direct orders of President Volodymyr Zelensky. Over 117 kamikaze drones were launched from hidden mobile units disguised as everyday cargo trucks, slipped undetected into Russian territory. New footage released on Saturday by Ukraine's SBU shows an FPV drone lifting off from a lorry rooftop before smashing directly into a Russian bomber at the Belaya airfield. The strikes hit four strategic bases - Belaya, Dyagilevo, Olenya, and Ivanovo — torching aircraft capable of launching nuclear warheads. Ukrainian officials say 41 planes were destroyed or damaged. U.S. intelligence puts the figure closer to 20, with at least 10 completely destroyed - still a staggering blow to Russia's long-range bomber fleet. The $7billion damage, inflicted with zero boots on the ground, has left the Kremlin tyrant furious and determined to reassert its military dominance. 12 The SBU released new footage of the covert operation on Saturday Credit: Twitter 12 It showed a drone lifting off from what appears to be a transport vehicle before targeting Putin's bomber planes 'IT'S NOT GOING TO BE PRETTY' President Donald Trump revealed this week that he spoke directly with Putin on Wednesday. In a post on Truth Social, Trump said the Russian despot told him "he will have to respond" to the drone attack. Speaking to reporters later, Trump added: "It's probably not going to be pretty. I don't like it. "I said: 'Don't do it. You shouldn't do it. You should stop it.' "But, again, there's a lot of hatred." Meanwhile, Russia's propaganda machine is framing the war as existential. Putin spokesman Dmitry Peskov declared Friday: "This is about the future of our children, of our country." 12 A view of destruction following the two-hour Russian attack on Kharkiv on Saturday Credit: Getty 12 A man stands amid rubble in destroyed house at residential district after Russian shelling in Kharkiv Credit: Getty BLITZ ALREADY UNDERWAY? While officials say the major strike is still to come, Ukraine is already reeling from a brutal few days of missile and drone attacks. On Friday, 400 drones and 45 missiles rained down on cities across the country. In Kyiv, explosions lit up the night sky near the Mother Ukraine monument. A fire tore through the 11th floor of a residential block in Solomyanskyi, and emergency crews rushed to save civilians trapped inside. Overnight into Saturday, Kharkiv suffered Russia's largest airstrike yet, killing three - including a baby and a 14-year-old girl - and wounding 21. 'We have a lot of damage,' Kharkiv's mayor Ihor Terekhov said. At least 18 apartment buildings and 13 homes were hit, with more strikes reported in Donetsk, Dnipro, Ternopil, and Odesa. Ukraine's Air Force said it shot down 174 out of 206 drones and nine missiles overnight. 12 Smoke billowing from a fire burning in a building after an airstrike in Kharkiv on Saturday Credit: EPA 12 Explosion is seen after Russian air strike on Kyiv, Ukraine, on Friday SUMMER OFFENSIVE BREWING Western analysts say Mad Vlad is not just seeking revenge - but a breakthrough. Reports from Ukrainian intelligence suggest up to 125,000 troops are massing near the Sumy and Kharkiv frontiers, with fears of a three-pronged summer assault to finally break the deadlock. The offensive is expected to focus on Kramatorsk, Kostiantynivka, and Pokrovsk in the Donbas - with plans to encircle key cities rather than slug it out street by street. Military analyst Konrad Muzyka told The Telegraph Russia's tactics have evolved: "We have seen the Russians shift to focused, small-unit attacks, often of just three to five men. "Company-size assaults of 50 to 100 men hardly ever happen anymore." But Ukraine, armed with drones and Western weapons, isn't backing down. Zelensky warned this week: "Even after all of Russia's horrific attacks, he is reportedly preparing yet more so-called 'responses.' "With every new strike, with every delay of diplomacy, Russia is giving the finger to the entire world."
Metro
18 hours ago
- Metro
The teenage Orkney killer who got away with murder for 14 years
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video It was a beautiful summer evening in Orkney, when a loud gunshot rang out and the peaceful corner of the world changed forever. Families were dining in the only Indian Restaurant in the main town of Kirkwall, when a masked man calmly walked in on June 2 1994 and shot 26-year-old waiter Shamsuddin Mahmood at point-blank range, before vanishing into the night. It was the first murder to happen in 25 years on the island located just off the northern coast of Scotland, which has a population of around 22,000. Detectives arrived overnight, the area was sealed off, and the big question of who could have killed Shamsuddin was at the forefront of the locals' minds. He had no known enemies and had only arrived in Orkney six weeks before, with plans to soon return to Bangladesh to marry his fiancée. An investigation commenced, and 2,736 statements were taken. A pair of witnesses claimed they saw teenager Michael Ross wearing the same balaclava and dark clothing as the murderer in woodland a fortnight earlier. The 15-year-old was called in for questioning, accompanied by his police officer father, Edmund Ross. Michael proclaimed his innocence and provided an alibi – he'd seen friends on the evening of the murder, however, they later denied being in his company. In the Amazon Prime Video documentary The Orkney Assassin: Murder in the Isles , his mother, Moira, recalls asking Michael if he had killed Shamsuddin. 'I remember him coming home with the detective, and he went up to his room and sat there,' she says tearfully. 'I did go up and ask him 'Did you shoot that man?' And he said: 'No'. I just can't get over the look on his face when I asked him that.' Edmund adds, 'My head was spinning at the time. I didn't believe it. I knew my son, and he never showed any sort of tendency to go out and shoot anyone.' Evidence continued to build when Michael admitted dropping his balaclava into the sea with a heavy stone attached, and a bedroom search found school books marked with swastikas, 'Death to the English' scribbles and SS symbols. Meanwhile, Edmund owned the same type of bullets that were used in the murder, but didn't reveal this information until two months after the inquiry had begun. When lead investigator Angus Chisholm asked where they'd come from, he initially claimed he couldn't remember, before later revealing they came from a friend and former Marine, Jim Spence. The findings did not lead to a conviction; however, in 1997, Edmund was imprisoned for four years on charges of lying to the police and tampering with a witness, after it was alleged that he asked Jim to lie. Despite the determination of some detectives, the troubling case began to slip into obscurity. That was until 12 years after the murder in 2006, when a mysterious letter was delivered to the local police station. A new witness, later identified as William Grant, wrote that he had seen the killer in public toilets on the night of the murder, brandishing a gun. He identified him as Michael. Advocate depute Brian McConnachie QC, who led the prosecution case, tells Metro: 'When the incident happened, long before I was ever involved, it was taken to the Crown Office, and a decision was made that there was insufficient evidence against Michael. However, the letter was enough to reopen, and that's when I looked over the case; I didn't necessarily agree with the original decision that evidence wasn't strong enough to proceed with the case.' The revelation led to the shock arrest of Michael, who in the intervening years had married, become a father of two and now worked as a sergeant of a sniper platoon in Scotland's Black Watch regiment. As so much time had passed, it was a 'challenging' case for Brian to take on, he says. 'In cold cases, people who gave statements have forgotten what they said, what they saw, and they may have heard somebody else say something, and that becomes part of their memory.' He adds: 'There wasn't the same amount of CCTV in 1994 as there is now, and people didn't carry mobile telephones. Nowadays, the police solve a lot of crimes because the accused can be pinpointed to be in a particular location through signal.' However, the authorities had enough to bring it the case trial in 2008, where the 'compelling, unanswerable' circumstantial evidence was presented. 'It could be described as putting together a jigsaw puzzle. It was trying to find all the different pieces to make the picture. The bullets, his access, and interest in firearms were all important, then we added Mr Grant's identification into it,' says Brian. Although a motive isn't needed to prove someone's guilt, it was suggested that Michael's racist views had led him to shoot one of Orkney's only Asian residents. A fellow cadet claimed Michael said: 'Blacks should be shot'. 'It was such a pointless and senseless killing,' says Brian. 'There wasn't a feud between them, but there was certainly an amount of evidence which suggested that at the relevant time, he had racist tendencies. 'Whether that was something that was genuinely felt or it was just the rantings of a teenager, it's hard to say. I've said in the past that I've never been totally convinced about the racism angle.' During the trial, Michael's lawyer, Donald Findlay, argued it was unthinkable that a teenager would have carried out the killing, claiming it was more likely to be a 'professional hit'. But at the end of a six-week trial, it took jurors just four hours to reach a guilty verdict of murder. At the trial, Shamsuddin's brother, barrister Abul Shafiuddin, said: 'He was our baby brother and at least we know the person who killed him will be punished.' Upon hearing his fate, Michael attempted to escape by jumping out of the dock at Glasgow High Court, assaulting a guard and making it into an outside corridor, before being wrestled to the ground. Days before, he had parked a hired car two miles from the court with a machine gun, hand grenades and a sleeping bag amongst the items found in the boot. He explained in an open letter to supporters that he would have used the items to live off the land. It hasn't been his only attempt to escape punishment either, as he has since tried to leave prison three times. Brian says: 'It's the first time I've seen anything like that from somebody who'd just been convicted of murder. 'If someone thinks they're innocent and is convicted, they might well want to escape, but the fact that he was running to a motor vehicle filled with the items, is a problem. The jury decided his guilt without all of that evidence, but I don't think that helps his position now.' Even so, the case of Shamsuddin's murder is far from over, with a shadow of doubt still dividing opinion in Orkney to this day. Michael's family believe there has been a grave miscarriage of justice, while a petition has been set up by supporters to clear his name, which currently has 2650 signatures. Michael, now 46, remains incarcerated, and his earliest release date is 2035. Orkney local Ethan Flett wasn't even born when the crime took place, but the 25-year-old has spent many hours analysing the case through his role as a reporter for the island newspaper The Orcadian. The journalism took him to Perth prison, where he went through airport-like security, before sitting down at a table that had been screwed into the floor. When Michael entered the visitors' room, Ethan didn't instantly recognise him. 'He's been taking the gym seriously,' the young reporter thought to himself. As they began chatting, Ethan quickly made it clear that he wasn't interested in campaigning for his innocence or trying to find anybody else guilty. Even so, Michael was happy to give his first ever interview. 'The meeting will stick in my mind for a while. He seemed very laid-back and was an easy guy to deal with. It is one of the paradoxes, considering what he's been convicted of, but he seemed at least like a fairly normal person. It's strange,' recalls Ethan to Metro. They spent the next six months writing back and forth to each other, with Michael responding to each of Ethan's questions in great detail. 'What I found most interesting was his justifications for his escape attempts. He says that he did it to garner a bit of publicity for his claims of innocence, and says that he would have surrendered to the authorities if he were successful,' Ethan explains. 'He admitted to saying racist things as a teenager, but claimed that it was immaturity that he regretted.' Ethan adds that the police previously publicly stated that they had ruled out racism as the motive, which 'would make it a motiveless crime, so it's hard to get your head around.' In letters to Ethan, Michael says that the reason the friends mentioned in his alibi don't remember talking to him is that the police didn't question them until months had passed. Ethan's research has also raised some possible inconsistencies, such as when Michael became a suspect. He was questioned about his movements on the night of the murder on December 2 1994. Michael's legal team have said that the audio shouldn't have been allowed in court, as he hadn't been offered a lawyer. The appeal was rejected as it was determined he wasn't a suspect at this point. 'I found court records from the trial of Eddy, which stated that Michael had become the prime and only suspect as of September,' says Ethan. 'There are unsolved leads in the case, such as two days before the murder, there was a heated argument at the door of the restaurant between Shamsuddin and people trying to get in. According to one of the witnesses inside the restaurant, the man threatened to shoot Shamsuddin a number of times. 'A month into the investigation, one of the detectives was quoted as saying that the incident had been cleared up. However, a statement was taken from the detective who led the cold case review when Michael's conviction was examined by the Scottish Criminal Cases Review Commission in 2014, and he said it wasn't solved.' As a journalist, Ethan remains impartial. More Trending 'I don't know whether or not he committed the murder. My interest has always been in the handling of the investigation by the police. There's still so much interest in this case from Orkney people, so the story is ongoing,' he explains. Meanwhile, Brian doesn't think there's enough to appeal the case's verdict: 'I think new evidence becoming available is the only way that it would get back into the court. 'I haven't seen or heard anything yet to make me think that the jury got it wrong.' The Orkney Assassin: Murder in the Isles will be available on Prime Video in the UK & Ireland on June 8 Do you have a story you'd like to share? Get in touch by emailing Share your views in the comments below. MORE: Rich people 'will have robot butlers by 2030′ – but there's a major flaw MORE: BBC's 'brilliant' true crime drama made me question my own morals MORE: 'Exquisite' Amazon Prime show cancelled after one series despite 85% Rotten Tomatoes score
