ACC asks for evidence on Adani deal to investigate tax evasion
The Anti-Corruption Commission (ACC) has asked Bangladesh Power Development Board (BPDB) to provide all evidence on the power purchase agreement with Adani Group.
Tags : Adani
India's Adani stops power supply to Bangladesh as summer peaks
The 1,496MW Adani power plant in India shut the other unit on Saturday citing technical glitches four days after its one unit went out of operation, hardening challenges to Bangladesh鈥檚 interim government to meet the country鈥檚 growing power demand as summer peaks.
Load shedding exceeds 400MW after partial Adani shut down
Load shedding exceeded 400MW on Wednesday, despite maximum use of oil-based power generation capacity, after a unit of the Adani power plant in India tripped, marking a sudden drop in the power supply...
US should keep off misleading remark, India smear campaign
THE US director of National Intelligence Tulsi Gabbard鈥檚 saying in an interview with India鈥檚 NDTV World on March 17 鈥� now owned by the Adani Group alleged to be fuelling the hinduvta agenda of the Rashtriya Swayamsevak Sangh, the ideological parent of India鈥檚 ruling Bharatiya Janata Party 鈥� that the United States is deeply concerned about the situation in Bangladesh...
Govt urged to follow SL to get rid of Adani power
The South Asia Just Transition Alliance, a platform of green activists in South Asia, called on the Bangladesh government to be inspired by Sri Lanka to exit from the discriminatory power purchase deal with the Adani Power.
Adani reports machine trouble after Dhaka seeks full supply聽
The 1,346MW coal-based Adani power plant reported encountering technical trouble in starting its second unit following Bangladesh鈥檚 request to run the power plant in India鈥檚 Jharkhand at its full capacity.
Time to dismantle the Awami cult
THE Bangladesh Awami League, once an authoritarian political power, has been on many counts can be termed as no less than an anti-state organisation. Their regime was characterised by judicial murder, mass corruption, sexual violence, and the misuse of state forces against the people. Their crimes did not stop after the Awami League government was deposed...
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 on Friday.
Adani fraud claims trigger opposition probe demand in India
India鈥檚 parliament was disrupted for a third day by opposition parties on Thursday protesting the government鈥檚 silence over allegations against billionaire Gautam Adani, who was recently indicted in the US for alleged fraud and a scheme to pay bribes.
Adani Group lost nearly $55b as US charges sparked rout
India鈥檚 Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.
Sri Lanka probes Adani projects after US charges
Sri Lanka has opened an investigation into the local investments of India鈥檚 Adani Group in the wake of US bribery charges against its tycoon founder, government spokesman Nalinda Jayatissa said Tuesday...
TotalEnergies halts new investment in India鈥檚 Adani
French energy giant TotalEnergies said Monday it was halting new investment linked to Indian conglomerate Adani, after the indictment of its billionaire founder on US bribery charges, an announcement which saw Adani Green shares lose 7.9 per cent on the Indian stock market...
Gautam Adani, nephew summoned by US SEC in bribery case
Gautam Adani of Adani group and his nephew Sagar Adani have been summoned by the US Securities and Exchange Commission to explain their stand on allegation of paying $265 million in bribes to secure lucrative solar power contracts, news agency PTI reported...
Adani down again
Indian billionaire Gautam Adani鈥檚 feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts believe the tycoon will bounce back.
Kenya scraps airport, power deals with India's Adani Group
Kenyan President William Ruto on Thursday scrapped controversial deals with India's embattled Adani Group over Nairobi's Jomo Kenyatta International Airport (JKIA) and a state-owned electricity service.
Rahul Gandhi demands arrest of Gautam Adani
India鈥檚 Congress party leader Rahul Gandhi said that Adani Group鈥檚 founder Gautam Adani should be taken into custody...
Indian billionaire Adani charged in US over massive fraud, bribery scheme
Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday.
Form high-powered committee to review contracts with Adani Group: HC
The High Court on Tuesday directed the interim government to establish a high-powered committee of international experts in energy, fuel and legal matters to investigate the controversial...
HC order sought to cancel power deal with Adani
A Supreme Court lawyer on Wednesday filed a writ petition with the High Court seeking its directive for the government to review or terminate its power purchase agreement with India鈥檚 Adani Group...
If true, Adani鈥檚 deadline for payment is shocking, says Bangladesh鈥檚 interim chief鈥檚 press secy
Bangladesh鈥檚 interim government has expressed optimism that it would be able to make the payment to Adani Power of India with an accelerated effort and stressed that the government would not be hostage to any individual power producer, no matter how powerful it is.
Adani to suspend electricity supply unless Bangladesh pays dues by Nov 7
Bangladesh expressed its surprise and shock after the Indian media on Sunday reported that Adani gave a fresh deadline to get a roadmap on the payment of its dues by November 7 or face...
Load-shedding exceeds 1,500MW in Bangladesh as India's Adani cuts generation
Load shedding exceeded 1,500MW on Friday after yet another power producer, the Adani power limited, cut its production due to non-payment of bills.聽
Govt must move back on Adani power agreement
THE agreement with India鈥檚 Adani Power by way of which it supplies Bangladesh with power from a 1.6GW Godda plant built in the Indian state of Jharkhand exclusively for the...
Adani Group denies Hindenburg claims on Swiss probe
India鈥檚 Adani Group has denied involvement in a money laundering and securities fraud probe that reportedly saw the freezing of more than $310 million in funds stowed in...
PDB says Adani dues inflated by 32pc
The Bangladesh Power Development Board estimated that it owed to the Indian Adani Power $547 million, about 32 per cent less than what was claimed by the company, a sister concern of the...
Kenya airport workers begin strike against Adani takeover
Hundreds of passengers were stranded at Kenya鈥檚 main airport on Wednesday as staff went on an open-ended strike over a planned takeover by India鈥檚 Adani Group...
Adani writes to Yunus seeking payment聽of dues
Adani Group chairman Gautam Adani has reached out to chief advisor to Bangladesh鈥檚 interim government, Muhammad Yunus, seeking his intervention in the early clearance of...
Kenya protest against Adani鈥檚 airport deal could turn into anger against India: Congress leader
The Indian National Congress on Tuesday cautioned that protests against Adani Group 鈥榯aking over鈥� operations of Kenya鈥檚 Nairobi airport could turn public sentiment in the African nation against India, after members of Kenya Aviation Workers Union had called for protests over plans by the Kenyan government to strike an investment deal with India鈥檚 Adani Group to...
Indian opposition demands regulator quit over 鈥榗ompromised鈥� Adani probe
India鈥檚 opposition has called on the chief markets regulator to resign after US-based short-seller Hindenburg Research claimed past investments compromised an investigation into the Adani Group...
Hindenburg alleges bias in Adani probe, India regulator rejects
India鈥檚 market regulator chief rejected Sunday allegations by US short-seller Hindenburg Research that claimed past offshore investments may have prevented her from properly investigating corporate malfeasance allegations against the Adani Group...