Adani

One of the world's richest people has been indicted on charges he duped investors in a massive solar energy project in India by concealing that it was being ...

Shares in group tumble after prosecutors accuse tycoon and others of lying to investors to land lucrative contracts.

One of the richest people in the world, Gautam Adani, was indicted over an alleged multibillion-dollar fraud scheme.

Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors.

Gautam Adani, chairman of Adani Group, during an interview at the company's headquarters in Ahmedabad, Gujarat, India, on Saturday, May 25, 2024. Sumit Dayal/ ...

In the indictment, prosecutors alleged the tycoon and other senior executives had agreed to the payments to Indian officials to win contracts for his renewable ...

According to an indictment, some conspirators referred privately to Adani with the code names "Numero uno" and "the big man"

This comes barely a week after Transport CS Davis Chirchir denied that the Adani Group had been involved in any corruption cases.

Arrest warrants issued for Adani and nephew · Adani Group firms' shares and bonds tumble · Adani Green Energy bond deal pulled, bond prices fall · Indictment ...

The Adani Group has denied the allegations of bribery and fraud, calling them "baseless".

The Adani Group directors, including the company's CEO Gautam Adani, are facing bribery charges in the US.

According to an indictment, some conspirators referred privately to Adani with the code names "Numero uno" and "the big man"

Adani, a high school dropout, rose from a middle-class background to become Asia's second-richest person.

Shares in Indian conglomerate Adani tanked on Thursday after its industrialist owner Gautam Adani was charged by US prosecutors with handing out more than ...

President Ruto has ordered the ministries of Transport and Energy to cancel the JKIA and Ketraco deals with Indian conglomerate Adani Group.

Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process that had been expected to award control of the ...

Criminal and civil charges against Indian tycoon and associates set out alleged $265mn bribery scheme.

President William Ruto has asked Transport CS Davis Chirchir and his Energy counterpart Opiyo Wanday to end the ongoing public-private partnership ...

This includes the signed Adani-Ketraco deal and the planned JKIA takeover.

The underhand deals forced distribution firms to purchase electricity at inflated prices, opening money taps for Adanis.

President Ruto has ordered the ministries of Transport and Energy to cancel the JKIA and Ketraco deals with Indian conglomerate Adani Group.

The government has vowed to proceed with the Adani Group in the Sh96.68 billion power project despite the conviction of its chairman Gautam Adani in the US ...

Adani, widely regarded as one of the wealthiest and most powerful men in India, has close ties to Modi's government.

Kenya's President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US ...

The president's announcement came a day after Gautam Adani, the chair of the Indian conglomerate, was indicted in New York over his role in an alleged ...

Kenyan President William Ruto has ordered the cancellation of a procurement process that had been expected to award control of the country's main airport to ...

US prosecutors indicted Indian tycoon Gautam Adani this week on charges he duped investors in massive solar energy project in India by concealing that it ...

Ruto cancelled all Adani deals saying new evidence has emerged linking the Indian conglomerate to corruption. · He directed the immediate onboarding of new ...

Now, the 62-year-old Indian billionaire and a close ally of Prime Minister Narendra Modi, whose sprawling $169bn empire spans ports and renewable energy, faces ...

The Adani Group was also in the process of signing another Sh238 billion deal with the Kenya Airports Authority (KAA) to expand the Jomo Kenyatta International ...

President Ruto fails to mention Adani links with the Health Ministry in his State of the Nation Address.

Sources at the Treasury reckon that Kenya would pay a small share of the Sh96 billion Ketraco deal.

Ruto ordered the immediate cancellation of the planned Adani Group takeover deal of the Jomo Kenyatta International Airport. Marakwet West MP Timothy Kipchumba.

The Law Society of Kenya has issued a fresh demand to President William Ruto, hours after the Head of State canceled the two Ksh338 billion Adani Group ...

Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering ...

Leaders have been asking President William Ruto to also cancel deals Adani allegedly entered with SHA. ADVERTISEMENT. Social Health ...

The workers' lobby says the cancellation marks a major victory for Kenyan workers, particularly those in the aviation sector.

Through the investigation, we discovered that individuals closely linked to the Adani family secretly purchased large amounts of Adani Group shares through ...

Adani, a major power player in India perceived as close to Prime Minister Narendra Modi, was charged on Wednesday by U.S. prosecutors with securities fraud ...

COTU Secretary-General Francis Atwoli praised the move as a clear demonstration of the Kenya Kwanza government's commitment to rooting out questionable ...

In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it.

Pressure by United States authorities forced the President's hand after leasing out JKIA to the Indian firm in the wake of geopolitical upheavals was deemed ...