Last week U.S. authorities accused Adani, his nephew and executive director Sagar Adani and managing director of Adani Green (ADNA.NS), opens new tab, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and misleading U.S. investors.
The ports-to-power conglomerate denied the charges as "baseless" and vowed to seek "all possible legal recourse".
India's opposition, especially the Congress party, accuse Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) of shielding Adani and blocking investigations against him in India, accusations that have been denied.
Parliament proceedings were disrupted for the second day since the winter session began this week, with MPs shouting slogans and demanding discussion of the Adani allegations.
Congress leader Rahul Gandhi, who has been a vocal critic of Adani, said Gautam Adani should be arrested.
"The gentleman has been indicted in the United States ... and the government is protecting him," Gandhi told reporters outside parliament.
The government has made no comment on the indictment but the ruling BJP has distanced itself from the controversy.
The BJP had no reason to defend Gautam Adani, a spokesperson said, adding that the party was not against industrialists, but rather considered them partners in nation-building efforts.
"Let him defend himself," the spokesperson, Gopal Krishna Agarwal said on Tuesday, adding that the law would take its own course in case of wrong-doing.
On Wednesday, Adani Green, the company at the center of the indictment, said Gautam Adani had been charged in the United States for alleged violations of securities law and faced potential fines but had not been charged under the U.S. Foreign Corrupt Practices Act.
In a stock exchange filing, Adani Green said a complaint by U.S. regulator the Securities and Exchange Commission (SEC) sought "an order directing the defendants to pay civil monetary penalties (but) it does not quantify the amount of penalty".
The civil action launched by the SEC runs in parallel to U.S. federal prosecutors' indictment against Adani and others.
STOCK REBOUND
Shares of 10 listed Adani Group firms recovered about $9 billion in market value on Wednesday, after having shed up to $34 billion since the indictments, up to Tuesday's close.
Adani Green, the hardest hit by the accusations, jumped 9%, but is still down some $8 billion in value.
The indictments are seen as the biggest setback for Gautam Adani, 62, and his conglomerate.
French oil major TotalEnergies (TTEF.PA), opens new tab, which has a 20% stake in Adani Green, has said it will not make any more investments in the group, adding that it was not informed of the U.S. bribery allegations against Gautam Adani.
Kenya has also cancelled a procurement process of more than $2 billion that had been expected to give control of its main airport to the Adani Group.
Indian Prime Minister Narendra Modi has firmly denied claims that the United States played any role in mediating the recent ceasefire between India and Pakistan, according to India's top diplomat.
India expects to conclude a free trade agreement with the European Union by the end of 2024, Prime Minister Narendra Modi said during his visit to Cyprus.
At least six people were killed and several others injured after a bridge collapsed in Maharashtra’s Pune district.
A private helicopter ferrying pilgrims from Kedarnath to Guptkashi crashed in India’s Uttarakhand state early Sunday, killing all seven people on board, including two children, in what authorities are calling a total-loss tragedy in the remote Himalayan region.
India has launched a full investigation into the fatal crash of Air India Flight AI171, as officials recover the black box and initiate extended safety checks on the country’s entire Boeing 787 fleet.
Indian Prime Minister Narendra Modi has firmly denied claims that the United States played any role in mediating the recent ceasefire between India and Pakistan, according to India's top diplomat.
Indonesian police have arrested three Australian men in connection with a deadly shooting at a villa in Bali, which claimed the life of a fourth Australian and left another seriously injured, according to Bali police chief Daniel Adityajaya on Wednesday.
Flights to Indonesia’s popular resort island of Bali faced widespread disruption on Wednesday after Mount Lewotobi Laki-laki erupted, spewing ash high into the atmosphere and prompting emergency measures in surrounding regions.
At the G7 summit in Canada, President Zelenskyy made a direct appeal for more support, while Canada’s Mark Carney announced fresh sanctions on Russia and major new aid for Ukraine.
The question of whether the United States will join Israel militarily through direct troop deployments has become one of the most pressing foreign policy issues of 2025.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
Berlin is preparing a new bill to accelerate arms purchases and prioritize domestic weapons production, aiming to respond swiftly to growing security threats triggered by the Russia-Ukraine war.
Former South Korean First Lady Kim Keon Hee is under a scrutiny following revelations that she used a secure presidential phone line to speak with a top aide just weeks before being questioned in a major stock price manipulation and bribery probe.
The French city of Lyon has introduced new restrictions on car traffic in its historic center as part of a broader plan to reduce air pollution and prioritize sustainable urban living.
South Korea and Japan have agreed to deepen their cooperation with the United States in addressing regional security challenges, including North Korea, during a bilateral meeting held on the sidelines of the G7 summit in Canada, according to local media reports.
Canada has issued a travel advisory urging its citizens to avoid travel to parts of the Middle East, citing heightened tensions between Israel and Iran. The warning comes amid ongoing military exchanges that have raised fears of broader regional instability.
Indian Prime Minister Narendra Modi has firmly denied claims that the United States played any role in mediating the recent ceasefire between India and Pakistan, according to India's top diplomat.
Indonesian police have arrested three Australian men in connection with a deadly shooting at a villa in Bali, which claimed the life of a fourth Australian and left another seriously injured, according to Bali police chief Daniel Adityajaya on Wednesday.
Flights to Indonesia’s popular resort island of Bali faced widespread disruption on Wednesday after Mount Lewotobi Laki-laki erupted, spewing ash high into the atmosphere and prompting emergency measures in surrounding regions.
At the G7 summit in Canada, President Zelenskyy made a direct appeal for more support, while Canada’s Mark Carney announced fresh sanctions on Russia and major new aid for Ukraine.
The question of whether the United States will join Israel militarily through direct troop deployments has become one of the most pressing foreign policy issues of 2025.
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