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Rs 1,750 crore bribe linked to Adani's 2021 meet with Jagan: US agency

Business Standard LogoBusiness Standard12h ago

Rs 1,750 crore bribe linked to Adani's 2021 meet with Jagan: US agency - Business Standard

Quick Summary:

Court filings by the SEC claim ‘incentives’ were discussed during the meeting to secure Andhra Pradesh’s participation, reported India Today.

Jagan Mohan Reddy’s Yuvajana Sramika Rythu Congress Party (YSRCP) has strongly denied the allegations, saying that its government had no direct agreement with the Adani Group.

The indictment charges Adani with bribery and fraud, alleging a Rs 1,750 crore bribe was offered to an unnamed Andhra Pradesh official, referred to as ‘Foreign Official #1’.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 15:35:09 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23763016

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Official Website: business-standard.com

Update Frequency: 347 posts per day

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News Last Updated: 4 hours ago

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