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Andhra CM to study US chargesheet on Adani bribery case, take action

Business Standard LogoBusiness Standard18h ago

Andhra CM to study US chargesheet on Adani bribery case, take action - Business Standard

Quick Summary:

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state government is in possession of the "chargesheet reports" filed in the US related to the alleged bribery scam involving the previous YSRCP government and the Adani Group, and promised to act on the irregularities.

Business tycoon and Adani Group chairman Gautam Adani has been charged by the US Department of Justice over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate.

The previous YSRCP regime is embroiled in the alleged scam with claims that government officials received bribes from the Adani Group.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 14:55:04 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23762217

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Official Website: business-standard.com

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News Last Updated: 8 hours ago

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