The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case.
The US Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, concluding a high-profile securities and wire fraud case in New York after prosecutors determined they could not sustain the allegations.
The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing a high-profile securities and wire fraud case in New York to a close after prosecutors concluded they could not sustain the allegations.
A New York Times report on Thursday (local time) has claimed that the US Justice Department is contemplating dropping charges against industrialist and Adani Group chairman Gautam Adani.
Gautam Adani and Sagar Adani are seeking the dismissal of a US Securities and Exchange Commission (SEC) securities fraud lawsuit, arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction.
A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
The CBI successfully managed to get Monika Kapoor extradited from the United States, ending her 25-year flight from justice. She is accused of economic offenses including forgery and fraud.
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, on Thursday scrapped a Rs 600 million bond issue after its promoter was charged in an alleged bribery case in the US. Hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over Rs 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.
The US Justice Department on Wednesday reached a settlement with the New York City Transit Authority eight years after it had filed a complaint in September 2004 in US District Court for the Eastern District of New York alleging that NYCTA engaged in a pattern of religious discrimination.
Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.
A 21-year old Bangladeshi man, who came to the United States aiming to 'destroy America', has pleaded guilty to attempting to carry out a terrorist attack for the Al Qaeda at the Federal Reserve Bank here using a 1,000-pound bomb.
Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya's airport expansion deal. In its response to the case in the US, Adani Group firms on Thursday had said "there are no allegations made against the company". On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses.
The summons was issued by the US Eastern District Court of New York after a rights group -- Sikhs For Justice (SFJ) -- and two victims of the riots filed a complaint before it.
'If the criminal or civil charges are deemed unworthy or defective, Trump's new justice department and SEC can withdraw the criminal and civil cases.'
Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days.
Punjab Chief Minister Parkash Singh Badal, who is on a visit to the United States, has been served the summons issued by a US court in a human rights violation case for alleged torture of Sikhs in his state, according to petitioners.
Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, it said in a bulletin.
Infosys on Friday said a class action lawsuit filed against the company and some of its employees in the US district court has been dismissed. The move comes after whistleblower complaints alleging certain unethical practices by the top management emerged in October last year.
US prosecutors' case against Gautam Adani and others may stumble on the extraterritorial application of American law.
With billionaire Gautam Adani charged in the United States with alleged bribery and fraud, the Congress on Thursday said it 'vindicates' its demand for a Joint Parliamentary Committee investigation into the various 'scams' involving his conglomerate.
Congress President Sonia Gandhi will move a United States court in New York seeking dismissal of a human rights violation lawsuit filed against her by a Sikh advocacy group and will urge the court to prevent it from filing further cases on the 1984 anti-Sikh riots in America.
The petitioners claim the summons was served via hospital staff, a claim refuted by sources close to the Congress president. George Joseph reports from New York.
The United States Court of Appeals for the eastern district of Wisconsin dismissed a human rights violation case against Punjab Chief Minister Parkash Singh Badal last week.
Raja Rajeswari has been sworn-in as a criminal court judge in New York by Mayor Bill de Blasio, becoming the first India-born woman to be appointed a judge in the New York City.
Joaquin "El Chapo" Guzman Loera was convicted on numerous counts including money laundering, engaging in a continuing criminal enterprise, distribution of heroin and cocaine and other drugs, and illegal arms possession.
"Though Sonia Gandhi was not a member of the Congress in 1984, she later became president of the party and now she shields the perpetrators of the genocide of Sikhs in 1984," alleged attorney Gurpatwant Singh Pannun, legal adviser to Sikhs for Justice, which has filed a civil suit against Gandhi in the United States District Court for the Eastern District of New York.
'The opinion of this so-called judge, which essentially takes law-enforcement away from our country, is ridiculous and will be overturned!' Trump said in a tweet.
'The Chinese government lied to the world about the danger and contagious nature of COVID-19, silenced whistleblowers, and did little to stop the spread of the disease'
Nine American and Israeli victims of the 2008 Mumbai attacks have demanded a compensation of $688 million (around Rs 4,233 crore) from the Pakistan-based perpetrators of the terror assault, including Jammat-ud-Dawah chief Hafiz Saeed.
Indian-American hotelier Sant Singh Chatwal on Thursday pleaded guilty at a court in New York to violating federal election laws by using straw donors to secretly funnel money to political campaigns and will pay a million dollars to the US as part of his plea agreement.
Acting Attorney General Sally Yates, a Democratic appointee, was accused of 'betraying' America after she directed Justice Department attorneys not to defend Trump's so-called 'Muslim ban' on Monday. She said she was not convinced the order was lawful.
Indian-American hotelier Sant Singh Chatwal avoided jail time and was sentenced to three years probation and a $500,000 fine on charges of illegally donating thousands of dollars to political campaigns.
A Seattle man has been sentenced to over three years in prison and ordered to pay damages for brutally assaulting a Sikh taxi driver last year in a racially-motivated hate crime during which he used "the most disgusting and ugly" racist language against the victim.
Signal International, its network of recruiters and labour brokers are being sued for trafficking 500 Indian guest workers to the United States and forcing them to work under barbaric conditions. George Joseph reports for Rediff.com from New York
'The loose use of words like foreigner or Bangladeshis obscures the fact that the post-Partition migration to Assam has been of both Hindus and Muslims.'
Each of the defendants was associated with the Micropower Career Institute, a for-profit school with five campuses in New York and New Jersey, or the Institute for Health Education, a for-profit school located in New Jersey. Suman Guha Mozumder reports.
A round-up of our favourite photographs of the week gone by.
'Most Assamese don't understand a word like ghuspethiya and its insulting connotation.'
In the light of the global scenario on infiltration for economic gain what Modi said in his speeches in Assam and West Bengal recently was perfectly legitimate. Intellectual dishonesty marks this discourse in our country, argues Ram Madhav.
