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Adani US indictment: Power deals took 18 months and 'incentives' to state officials, says SEC

Times of India LogoTimes of India6h ago

Adani US indictment: Power deals took 18 months and 'incentives' to state officials, says SEC - Times of India

Quick Summary:

India Business News: NEW DELHI: The Securities & Exchange Commission (SEC) complaint in a New York court has said that Solar Energy Corporation of India had hoped to sign .

In Aug 2021, Gautam Adani met the then Andhra Pradesh chief minister (Jagan Mohan Reddy was in office at that time, although the complaint does not name anyone).

SEC and DoJ alleged, as part of deal with Azure Power executives to recover one-third of bribes paid, it managed to transfer 2.3GW capacity to itself.


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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 05:15:09 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 806 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23772423

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 22 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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