bribery scheme

Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

Adani Enterprises has agreed to a $275 million settlement with the US Treasury over alleged violations of sanctions involving Iran. The company reportedly purchased liquefied petroleum gas from a Dubai trader that was actually sourced from Iran. This settlement occurs alongside other legal proceedings involving Gautam Adani in the US.

Gautam and Sagar Adani are challenging a US SEC securities fraud lawsuit, arguing the case lacks US jurisdiction and credible bribery evidence. They contend investors suffered no losses from the 2021 Adani Green bond issue, which they claim was conducted entirely outside the US. The Adanis deny wrongdoing and seek dismissal of the SEC's claims.

Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

Odisha vigilance officials apprehended Ambika Prasad Rath, an auditor at the RDE office in Bhubaneswar, for allegedly accepting a Rs 4,000 bribe. The payment was for service verification and pay fixation under the MACP scheme. Subsequent searches at his residence uncovered Rs 28.70 lakh in unaccounted cash.

Former Amazon employee Rohit Kadimisetty was sentenced to 10 months in prison and a fine of $50,000 for a fraud and bribery scheme, a news release from the US Department of Justice said. There are charges against five others.

US prosecutors have indicted Gautam Adani, his nephew, and others for an alleged Rs 2,000 crore bribery scheme to secure solar power contracts in India. The charges include conspiracy, securities fraud, and obstruction of justice. Congress leader Rahul Gandhi has demanded Adani's arrest and a JPC probe, accusing the government of shielding the Adani Group.

US Senator Robert Menendez is facing a high-stakes corruption trial, with prosecutors accusing him of a years-long bribery scheme involving cash, gifts, and political favors for foreign governments in exchange for enriching himself. Jury selection resumes Tuesday in the case that could impact Menendez's political future. As a Democrat and New Jersey's senior senator, Menendez has pleaded not guilty in Manhattan federal court to 16 criminal charges including bribery, fraud, acting as a foreign agent and obstruction.

Gautam Adani and associates face US charges for a $265 million bribery scheme to secure solar energy contracts in India. The indictment alleges bribes were paid to Indian officials between 2020 and 2024, violating the Foreign Corrupt Practices Act. The Adani Group denies the allegations, calling them baseless.

Republican Congressman Lance Gooden questioned the US Department of Justice's indictment of industrialist Gautam Adani, labeling it a 'selective action' that may harm US-India relations. The DOJ charged Adani and associates with a $250 million bribery scheme to secure solar power projects in India. Adani's group denied the allegations and vowed to contest the case vigorously.

Former Amazon employee Rohit Kadimisetty was sentenced to 10 months in prison and a fine of $50,000 for a fraud and bribery scheme, a news release from the Department of Justice said. There are charges against five others.

Nadine Menendez, the wife of former Senator Bob Menendez, has been convicted on all counts for her involvement in a bribery scheme. She accepted gold bars, cash, and a luxury car in exchange for political favors facilitated by her husband. The scheme involved three New Jersey businessmen seeking assistance with their ventures, leading to their convictions as well.

US prosecutors have indicted Gautam Adani, his nephew Sagar Adani, and others for an alleged $265 million bribery scheme to secure solar power contracts in India. The US Securities and Exchange Commission also filed charges, alleging the Adanis misled US investors by concealing the bribery.

The United States has barred former Argentine president Cristina Fernandez and her former planning minister, Julio Miguel De Vido, from entering the country due to their involvement in significant corruption cases. They are accused of misusing public funds and orchestrating bribery schemes that drained millions from Argentina's government.

A 28-year-old Indian-origin former employee of Amazon has been sentenced to 10 months' imprisonment for his involvement in an international bribery scheme to steal confidential information and manipulate the Marketplace platform of the e-commerce giant.