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Charges against Adani in bribery case can be withdrawn if deemed unworthy after Trump takes over as President

New York, Nov 26 (PTI) There remains a possibility that the USD 265 million bribery case against Indian billionaire Gautam Adani can be withdrawn if the charges against him are deemed “unworthy or defective” after Donald Trump takes over as the US President, a prominent Indian-American attorney has said. Attorney Ravi Batra told PTI that while every new president has a new team, President-elect Trump as the 47th President of the US, who is forgoing FBI-checks for his Cabinet, will “neuter any prosecution that’s not based in good faith, but is what he has powerfully termed: “lawfare”. “Essentially, that means

Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

HYDERABAD, Nov 26 (Reuters) – India’s Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters. U.S. authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022. Most of the alleged bribes – $228 million

What you need to know about Adani’s U.S. bribery indictment

BENGALURU, Nov 25 (Reuters) – Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, sending shockwaves across his eponymous ports-to-soybeans business conglomerate. Here is what you need to know about the U.S. indictment. THE MAJOR U.S. INDICTMENT Gautam Adani, one of world’s richest people, faces his biggest challenge after being charged with seven others for alleged bribery related to power supply deals from energy projects in India, with U.S. authorities calling it “The Corrupt Solar Project”. Adani Group, which runs several key infrastructure projects across the

853 IRS officers took retirement under VRS in last 10 years: Minister of State for Finance

New Delhi, Nov 25 (PTI) A total of 853 Indian Revenue Service (IRS) officers have taken VRS in the last 10 years, Parliament was informed on Monday. Of this, 383 IRS (Income Tax) officers and 470 IRS (Customs & Indirect Taxes) officers have taken retirement under VRS during 2014-2024, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. In a separate reply, he said 2,746.49 kg of gold has been seized at airports in Kerala by Customs department and DRI during FY20 to FY25 (up to October 31, 2024). The seized gold is

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