US Govt Starts Investigating Adani Group Over Bribery Allegations; Company Denies


Malcolm X

Malcolm X

Mar 16, 2024


US prosecutors are intensifying their examination of India’s Adani Group, focusing on potential bribery allegations and the conduct of its billionaire founder, Gautam Adani.

Allegations and Responses

The investigation, led by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit, revolves around suspicions of bribery in an Indian energy project. Adani Group refutes any knowledge of an investigation against its chairman and asserts compliance with anti-corruption laws.

In a statement, the group emphasized adherence to governance standards and anti-corruption laws in India and abroad. Despite allegations from Hindenburg Research, which Adani Group refuted, the US government continues to engage with the conglomerate, aiming to counter China’s influence through strategic partnerships.

Geopolitical Implications

The investigation comes amid heightened geopolitical tensions, positioning Adani Group as a potential ally against China. Despite the advanced stage of the probe, no charges have been filed against Gautam Adani, his company, or Azure Power Global Ltd.

As the investigation unfolds, it underscores the complex dynamics between global economic players and geopolitical interests, with Adani Group emerging as a significant player in the Indo-Pacific region.


Malcolm X
Malcolm X
  • 16 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online