Gautam Adani and Sagar Adani's counsel has filed an application "agreeing to accept service" on behalf of both the Adanis, related to the civil charges made against them in 2024 in the Securities and Exchange Commission (SEC) in the United States District Court for the Eastern District of Ne
Adani Group has refuted the alleged bribery allegations made by the US Department of Justice and the US Securities and Exchange Commission against Group's founder and Chairman Gautam Adani his nephew Sagar Adani and Vneet Jaain, the company issued a statement on Wednesday.
White House Press Secretary Karine Jean-Pierre expressed confidence that Indian and the US could navigate the issue without compromising their robust partnership.
The SEC has charged Gautam and Sagar Adani of Adani Green Energy and Cyril Cabanes of Azure Power Global for their roles in a bribery scheme tied to a multi-billion-dollar solar project in India. Allegations include bribing Indian officials to secure contracts and misleading US investors dur
In an exchange filing on Thursday, Adani Green Energy Limited said, "In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD denominated bond offerings."
AGEL reported robust financial results for the fourth quarter of the fiscal year 2023-24. Executive Director Sagar Adani provided commentary on the company's performance and outlined its strategic initiatives for the future.