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U.S. probing Gautam Adani and Adani Group over potential bribery
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<blockquote data-quote="Truth Hurts" data-source="post: 29666871" data-attributes="member: 477372"><p><h2><span style="font-size: 18px">The investigation is also looking at Indian renewable energy company Azure Power Global</span></h2><p>REUTERS</p><p><img src="https://0-th--i-thgim-com-0.cdn.ampproject.org/ii/AW/s/th-i.thgim.com/public/incoming/3utrqd/article67956111.ece/alternates/FREE_1200/VIS_0048.JPG" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p>Prosecutors are digging into whether an Adani entity or people linked to the company, including Mr. Adani, were involved in paying officials in India for favourable treatment. File. | Photo Credit: The Hindu</p><p></p><p>The United States has widened its investigation of <a href="https://www.thehindu.com/news/national/supreme-court-asks-sebi-to-probe-if-hindenburg-report-violated-law-caused-harm-to-investors/article67700963.ece" target="_blank">Adani Group</a> to focus on the conduct of its founder, <a href="https://www.thehindu.com/business/Industry/gautam-adani-from-a-trader-to-the-worlds-third-richest/article65843005.ece" target="_blank">Gautam Adani</a>, and whether the company may have engaged in bribery, <em>Bloomberg News</em> reported on March 15.</p><p></p><p>Prosecutors are digging into whether an Adani entity or people linked to the company, including Mr. Adani, were involved in paying officials in India for favourable treatment on an energy project, the report said, citing people with direct knowledge of the matter.</p><p></p><p>The U.S. Attorney’s office for the Eastern District of New York and the Justice Department’s fraud unit in Washington are handling the investigation and are also looking at Indian renewable energy company Azure Power Global, the report added.</p><p></p><p>“We are not aware of any investigation against our chairman,” Adani Group told <em>Bloomberg News</em>.</p><p></p><p>[MEDIA=twitter]1768691217552802170[/MEDIA]</p></blockquote><p></p>
[QUOTE="Truth Hurts, post: 29666871, member: 477372"] [HEADING=1][SIZE=5]The investigation is also looking at Indian renewable energy company Azure Power Global[/SIZE][/HEADING] REUTERS [IMG]https://0-th--i-thgim-com-0.cdn.ampproject.org/ii/AW/s/th-i.thgim.com/public/incoming/3utrqd/article67956111.ece/alternates/FREE_1200/VIS_0048.JPG[/IMG] Prosecutors are digging into whether an Adani entity or people linked to the company, including Mr. Adani, were involved in paying officials in India for favourable treatment. File. | Photo Credit: The Hindu The United States has widened its investigation of [URL='https://www.thehindu.com/news/national/supreme-court-asks-sebi-to-probe-if-hindenburg-report-violated-law-caused-harm-to-investors/article67700963.ece']Adani Group[/URL] to focus on the conduct of its founder, [URL='https://www.thehindu.com/business/Industry/gautam-adani-from-a-trader-to-the-worlds-third-richest/article65843005.ece']Gautam Adani[/URL], and whether the company may have engaged in bribery, [I]Bloomberg News[/I] reported on March 15. Prosecutors are digging into whether an Adani entity or people linked to the company, including Mr. Adani, were involved in paying officials in India for favourable treatment on an energy project, the report said, citing people with direct knowledge of the matter. The U.S. Attorney’s office for the Eastern District of New York and the Justice Department’s fraud unit in Washington are handling the investigation and are also looking at Indian renewable energy company Azure Power Global, the report added. “We are not aware of any investigation against our chairman,” Adani Group told [I]Bloomberg News[/I]. [MEDIA=twitter]1768691217552802170[/MEDIA] [/QUOTE]
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