- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-03-21T18:21:00
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice (DOJ) into bribery allegations against a “third party” but denied a relationship with it.
The denial comes on the heels of media reports that Adani Group and its founder, Gautam Adani, were believed to be involved in paying officials in India for favorable treatment on an energy project.
Bloomberg News, citing people with direct knowledge of the matter, said the U.S. Attorney’s Office for the Eastern District of New York, as well as the DOJ’s Fraud Section, were looking into potential violations of the Foreign Corrupt Practices Act by Gautam Adani; Adani Group; and Azure Power, another Adani Group subsidiary.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2024-11-22T14:39:00Z By Aaron Nicodemus
Eight business executives, including the billionaire owner of Indian energy company Adani Group, were charged with fraud for their alleged roles in a multi-million bribery scheme to win a solar energy contract in India.
2024-04-03T05:04:00Z By Kyle Brasseur
Ebix announced the Securities and Exchange Commission closed an investigation into allegations against the software company’s accounting practices raised in a short seller report.
2024-03-28T19:53:00Z By Kyle Brasseur
Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the Department of Justice addressing violations of the Foreign Corrupt Practices Act in Brazil.
2025-05-20T12:30:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
2025-05-16T14:16:00Z By Aaron Nicodemus
As the Consumer Financial Protection Bureau steps back from its core mission of protecting American consumers, states like New York and Pennsylvania are stepping up to fill the regulatory void.
Site powered by Webvision Cloud