Setback for Adani

Sri Lanka revokes Adani power deal amid US bribery and fraud investigation: Report
Activists have argued that smaller renewable energy providers offered electricity at nearly two-thirds the price proposed by the Adani Group.
Sri Lankan Government Scraps 500 MW Power Purchase Agreement With Adani Group Amid Bribery Charges
A power purchase agreement between Sri Lanka and the Indian conglomerate Adani Group has been canceled due to corruption allegations, according to sources in the Sri Lanka's energy ministry quoted by AFP in Colombo on Friday.
Graft allegations: 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 yesterday.
Sri Lanka revokes Adani wind power deal; Group denies cancellation claims
Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year
Cloud over Adani group’s wind power projects in Sri Lanka as new government comes to power
Adani on Friday said the projects were intact after reports claimed they have been revoked by the Anura Kumara Dissanayake-led government
Adani Group denies cancellation of Sri Lanka power purchase deal, says it is committed to invest $1 bn for green projects
Adani Green Energy's stock experienced a decline following the news of Sri Lanka's termination of the power purchase agreement, reaching a daily low of Rs 1,008.
Sri Lanka revokes power purchase deal with Adani Group
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 (Jan 24). Read more at The Business Times.
Adani Group denies cancellation of Sri Lanka power purchase deal
India’s Adani Group has denied the cancellation of its $440 million power purchase deal with Sri Lanka, terming the reports as “false and misleading”
Sri Lanka's power purchase deal intact, Adani says, denying AFP report
India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
Setback for Adani as Sri Lanka revokes power purchase deal after bribery allegations by US: Report
This comes after Sri Lankan President Anura Kumara Dissanayake's administration probed the Adani Group's local projects due to the US charges against it
Two of the world's largest law firms to defend Adani in US indictment case
These law firms are the Chicago-based Kirkland & Ellis and Los Angeles-based Quinn Emanuel Urquhart & Sullivan LLP which ...
'Frivolent lawsuit...': Mukesh Aghi of USISPF talks about Gautam Adani and $250mn bribery scheme in US
Gautam Adani, his nephew Sagar Adani and six other defendants were charged by the US Securities and Exchange Commission in connection with an alleged bribery and fraud case totaling $265 million.
Adani Green Energy Appoints Law Firms To Investigate US Indictment
The Adani Group firm Adani Green Energy has appointed independent law firms to investigate a US indictment that accuses the ...
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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, ...
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Wedding plans for Jeet, son of Indian billionaire Gautam Adani, and fiancee Diva revealed
Less than a year after the Ambani wedding grabbed headlines around the world for its sheer extravagance, another Indian ...