Adani Group appoints 2 top US law firms to fight SEC charges
Adani Group has appointed US law firms Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP among others amid civil and criminal cases filed by the Securities and Exchange Commission (SEC) and the Eastern District of New York, according to sources. They are among the world's largest litigation firms.
Budget with ET
What India Inc needs in Budget to drive growth amid global challenges
Budget 2025-26 needs to focus on capex, infrastructure spending: RBI MPC member Nagesh Kumar
Space sector seeks PLI scheme, tax holidays, more use of satellite data
On November 21, US authorities indicted Gautam Adani and others over alleged bribes of over $250 million paid to Indian government officials, aimed at helping Adani Green Energy Ltd (AGEL) secure solar energy contracts from the Solar Energy Corporation of India (SECI).
AGEL had in November clarified that founder chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet S Jaain have not been charged with violations of the US Foreign Corrupt Practices Act (FCPA) and bribery charges.
The civil and criminal cases against Gautam Adani, Sagar Adani and other officials, pursued by the US Securities and Exchange Commission (SEC) and the Eastern District of New York, have been assigned to a single judge in a US court.
The Adani Group, their executives, and the two law firms Quinn Emanuel and Kirkland & Ellis did not respond to queries.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and
