No one from Adani Group charged under US FCPA: Gautam Adani
Adani Group chairman Gautam Adani on Tuesday stated that no one from the Group has been charged with violating the US Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice. He made the remark during the group's annual general meeting (AGM).
Adani, along with several senior executives, is under investigation in the US for allegedly orchestrating a $265 million bribery scheme to secure solar energy contracts in India. According to the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), between 2020 and 2024, Adani and his associates are alleged to have paid bribes to Indian officials in exchange for favorable energy deals. The authorities also allege that these actions were concealed from US investors during fundraising efforts.
The allegations include potential violations of the FCPA, as well as securities fraud and wire fraud. The Adani Group has strongly denied the accusations, calling them baseless. 'We proved that true leadership is not built in sunshine but forged in the fire of crisis. This was tested again last year when we faced allegations from the U.S. Department of Justice relating to Adani Green Energy,' Adani said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
24 minutes ago
- Hindustan Times
Shun double standards in fight against terror: Doval
National Security Adviser Ajit Doval on Tuesday emphasised the need to abandon double standards in combating terrorism and urged members of the Shanghai Cooperation Organisation (SCO) to hold accountable perpetrators and sponsors of cross-border terror, an apparent swipe at Pakistan. National Security Adviser Ajit Doval with Vice President of China, Han Zheng, in Beijing on Tuesday. (ANI) Doval made the remarks while addressing a meeting of the SCO Security Council Secretaries in Beijing, which was also attended by Pakistan's NSA, Inter-Services Intelligence agency chief Lt Gen Asim Malik. Doval had also raised the issue of countering all forms of terrorism at a meeting with Chinese foreign minister Wang Yi on Monday. During the meeting of senior security officials of SCO member states, Doval conveyed India's deep concern at the continued threat from terror groups sanctioned by the UN Security Council, including Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM), Al-Qaeda and Islamic State and their affiliates, and highlighted the need to shun 'double standards' in the fight against terror. Any act of terrorism, including cross-border terror, is a 'crime against humanity', Doval said, as he urged SCO member states to hold accountable the perpetrators, organisers, financiers and sponsors of acts of cross-border terror and to help bring them to justice. He sought 'decisive action' against terrorists proscribed by the UN and groups such as LeT, JeM and their proxies, as well as the dismantling of their 'terror ecosystems'. Though Doval didn't name any country, his remarks appeared to be directed against Pakistan, which is also a member of the SCO. Following the Pahalgam terror attack in April that was carried out by a front for the LeT, India conducted military strikes on terrorist infrastructure in territories controlled by Pakistan on May 7. The move triggered four days of intense clashes that ended when the two sides reached an understanding to halt military actions on May 10. Doval explained the rationale behind India's decision to launch Operation Sindoor in response to the 'barbaric terror attack' in Pahalgam on April 22, saying the military strikes were aimed at dismantling terror infrastructure and deterring terrorists who were likely to be sent across the border into India. 'India's actions were measured and non-escalatory,' he said. He noted that The Resistance Front (TRF), a proxy of the LeT, killed 26 people, including a Nepali national, and injured several more in Pahalgam after segregating them on the basis of religion. Doval also sought the support of the other delegations for important Indian proposals to combat terrorism, including an 'algorithm of joint actions' to counter challenges posed by international terrorist groups such as al-Qaeda and its affiliates, joint measures to counter radicalisation that leads to terrorism, separatism and extremism, and a 'joint information operation' to counter extremist ideology. Besides India and Pakistan, the SCO includes China, Iran, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. The meeting of the security officials was part of the preparations for the SCO Summit to be hosted by China later in the year. Defence minister Rajnath Singh, who is set to attend a two-day conclave of SCO defence ministers at Qingdao from Wednesday, too is expected to press members of the bloc to ramp up efforts to combat terrorism in line with India's diplomatic offensive against Pakistan-backed cross-border terror. While Doval had visited China last year, Singh will be the first senior Indian minister to travel to the country after the end of a four-year military standoff on the Line of Actual Control (LAC) that ended last October. Doval held a bilateral meeting with Aleksandr Venediktov, deputy secretary of Russia's security council, on the margins of the SCO meeting and discussed bilateral, regional and international issues. Both sides reiterated the importance of taking forward their bilateral cooperation based on the special and privileged strategic partnership. All the senior security officials of SCO member states also met Chinese vice president Han Zheng, who said China is ready to work with other members of the bloc to maintain security and stability in a world fraught with uncertainties and instabilities.
Time of India
24 minutes ago
- Time of India
Breaking News Live Updates: 'All systems looking good', says SpaceX ahead of Axiom Mission 4 to ISS
07:03 (IST) Jun 25 The Indian Embassy in Iran announced that it will be gradually winding down its evacuation exercise for Indian nationals, initiated after the escalated conflict in the region following Israel's military operations on the Islamic Republic, as a ceasefire deal was made between the two countries on Tuesday. In a post on X, the Embassy detailed the closure of the contact desk set up for registering new names of Indian nationals for evacuation, while assuring continued monitoring of the security situation. "Announcement from Embassy of India, Tehran: Since there has been an announcement of ceasefire, the Embassy is gradually winding up the evacuation exercise initiated during the military conflict in Iran. Hence the Embassy has closed the contact desk that was opened to register new names for evacuation. At the same time, Govt. of India is keeping a careful eye on the evolving situation & will reassess its strategy in case there is again a threat to the security of Indian nationals in Iran," the Embassy stated.
India.com
40 minutes ago
- India.com
No Alternative To Dialogue, Diplomacy: MEA Welcomes Iran-Israel Ceasefire
The Ministry of External Affairs has welcomed 'reports' of a ceasefire between Iran and Israel, shortly after US President Donald Trump announced that both countries had agreed to a truce. The Ministry of External Affairs released a statement on Tuesday and said, "We have been following developments overnight relating to the conflict between Iran and Israel, including the US action against Iran's nuclear facilities and Iranian retaliation against US military bases in Qatar." MEA also expressed concern over the recent hostilities and said, "While we remain deeply concerned about the prospects for overall and sustained regional security and stability, we welcome reports of a ceasefire between Iran and Israel and the role played by the US and Qatar in bringing it about." MEA reiterated its longstanding position on the importance of peaceful conflict resolution. In a carefully worded statement released today, the government emphasized that 'there is no alternative to dialogue and diplomacy in order to address and resolve the multiple conflicts in the region.' Meanwhile, another special flight carrying 282 Indian nationals stranded in conflict-hit Iran landed safely in New Delhi on Wednesday, taking the total number of people evacuated under Operation Sindhu to 2,858."282 Indian nationals were evacuated from Iran on a special flight that arrived in New Delhi from Mashhad at 00:01 hrs on 25th June. With this, 2858 Indian nationals have been brought home from Iran," the Ministry of External Affairs stated in a post on X. The operation was launched amidst the escalating conflict between Iran and Israel, which had gripped the region for the past couple of weeks before a ceasefire was agreed on Tuesday. The evacuees, upon arrival at the national capital, expressed their relief and gratitude to the Indian Government and the Indian Embassy in Iran for their safe evacuations .One individual described the conditions there, noting that the situation had improved in the region. (With ANI Inputs)
