Bourses Ask Adani Group For Details Over Norm Violation

New Delhi: Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya’s airport expansion deal.

In its response to the case in the US, Adani Group firms on Thursday had said “there are no allegations made against the company”. On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses. While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action.

Governance practices in question: S&P

The indictment of Adani Group’s founder Gautam Adani by US prosecutors could renew questions over the ports-to-energy conglomerate’s governance practices and damage its reputation, S&P Global Ratings said Friday.

Will US legal charges lead to arrest warrant?

New York: With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. “US Attorney Breon Peace has the right to get arrest warrants issued against Adani and seven others indicted and serve them on the nations where they reside,” Indian-American attorney Ravi Batra told PTI.