Setback for Adani

Setback for Adani as Sri Lanka revokes power purchase deal after bribery allegations by US: Report
This comes after Sri Lankan President Anura Kumara Dissanayake's administration probed the Adani Group's local projects due to the US charges against it
Sri Lanka revokes Adani power deal amid US bribery and fraud investigation: Report
Activists have argued that smaller renewable energy providers offered electricity at nearly two-thirds the price proposed by the Adani Group.
Graft allegations: Sri Lanka ‘revokes’ power purchase deal with Adani
Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, energy ministry sources in Colombo said yesterday.
Cloud over Adani group’s wind power projects in Sri Lanka as new government comes to power
Adani on Friday said the projects were intact after reports claimed they have been revoked by the Anura Kumara Dissanayake-led government
Adani Group denies cancellation of Sri Lanka power purchase deal, says it is committed to invest $1 bn for green projects
Adani Green Energy's stock experienced a decline following the news of Sri Lanka's termination of the power purchase agreement, reaching a daily low of Rs 1,008.
Sri Lanka revokes Adani wind power deal; Group denies cancellation claims
Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year
Sri Lanka revokes power purchase deal with Adani Group
Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, energy ministry sources in Colombo said on Friday (Jan 24). Read more at The Business Times.
Sri Lanka's power purchase deal intact, Adani says, denying AFP report
India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
India’s Adani Green appoints law firms to review US indictment
US authorities indicted Adani and other top executives, alleging that they paid bribes to secure power supply contracts.
Gautam Adani-led Adani Group appoints two US law firms, among world's largest, to fight SEC allegations
The Adani Group has hired US law firms to handle civil and criminal proceedings by the SEC and Eastern District of New York.
Two of the world's largest law firms to defend Adani in US indictment case
These law firms are the Chicago-based Kirkland & Ellis and Los Angeles-based Quinn Emanuel Urquhart & Sullivan LLP which ...
'Frivolent lawsuit...': Mukesh Aghi of USISPF talks about Gautam Adani and $250mn bribery scheme in US
Gautam Adani, his nephew Sagar Adani and six other defendants were charged by the US Securities and Exchange Commission in connection with an alleged bribery and fraud case totaling $265 million.
Modi’s Key Ally to Act on Adani Only After US Probe Concludes
Indian Prime Minister Narendra Modi’s biggest ally has said he will wait for the US prosecution to conclude its probe in the ...