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What I will say is on the US and India relationship, we believe that it stands on an extremely strong foundation anchored in ties between our people and cooperation across a full range of global issues,
What we believe and we're confident about is that we'll continue to navigate this issue as we have with other issues that may have come up as you just stated. And so the specifics of this, this is something that the SEC and DOJ can speak to directly, but again, we believe that…this relationship between India and the US has been built on a strong foundation,
The U.S. bribery charges against Gautam Adani further complicate the calculus for foreign investors with respect to India,
Matt Orton, chief market strategist at Raymond James, told CNBC's Tanvir Gill During the alleged scheme, Adani Green raised more than $175 million from U.S. investors, and Azure Power's stock was traded on the New York Stock Exchange,
the SEC said in a statement justifying its jurisdiction and cause in the investigation The indictment of Adani Group's chairman and other senior officials on bribery charges is credit negative for the group's companies,
Moody's, a credit ratings agency, said in a statement The Federal Bureau of Investigations has said [Adani] has committed a criminal act. Why isn't [India's] Central Bureau of Investigations saying the same? Why isn't SEBI saying the same
questioned India's opposition leader Rahul Gandhi, referring to the Securities and Exchange Board of India (SEBI), according to a CNBC translation It is no secret that the Modi government actively promotes the Adani group at the cost of other business houses. We fully support Indian entrepreneurship but make a clear distinction between openness to business and cronyism,
All the states mentioned here were Opposition ruled during that time. So, before you pontificate, answer on the bribes the Congress and its allies accepted,
People thought their money is safe in public sector banks and institutions,
said Ram Gopal Yadav, an MP from the Samajwadi Party Adani should be arrested immediately, and his 'protector' Buch should be probed,
We have been raising this again and again and again,
said Gandhi at a press conference, reiterating his demand for a Joint Parliamentary Committee probe into the transactions of the Adani Group It is now pretty clear and established in America that Adani has broken both American law and Indian law. He has been indicted in the United States and I am wondering why Adani is still running around a free man in this country?"
All possible legal recourse will be sought,
Gautam and Sagar Adani were engaged in the bribery scheme during a September 2021 note offering by Adani Green that raised $750 million, including approximately $175 million from U.S. investors. The Adani Green offering materials included statements about its anti-corruption and anti-bribery efforts that were materially false or misleading,
the U.S. Securities and Exchange Commission said The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless,
read the statement in part The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations. We assure our stakeholders, partners and employees that we are a law-abiding organisation, fully compliant with all laws,
the spokesperson said in an emailed statement As stated by the US Department of Justice itself, "the charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty." ... All possible legal recourse will be sought."
Furthermore, the statement asserted its stance and added Should we then allow law to take its course and the concerned corporate to defend or plant ourselves in domestic politics of a foreign country,
he said, asking the Congress to not get needlessly excited The INC had asked a hundred questions in its Hum Adani ke Hain (HAHK) series bringing out the various dimensions of these scams and of the intimate nexus that has existed between the PM and his favourite businessman. These questions have remained unanswered,
It has been expected now given that the news has been front and center today. I think it's already dented sentiment in the region,
