Documentary evidence spanning two decades exposes operational alliances, parallel policy violations and divergence in government responses to allegations of financial […]
Three separate agencies of the United States government have decided to drop charges of bribery, corruption, fraud and violation of
Pledge agreements show Adani Green could have breached loan covenants. Adani Green Energy Ltd (AGEL) faced allegations that could constitute an Event of Default under its loan agreements, partly due to an investigation related to Gautam Adani and others. The agreements contain a representation that the borrower is not subject to any investigation that could materially and adversely impact its ability to fulfill the terms of the deal. The article discusses UK holding structures and the potential fallout.
In March, the company told stock exchanges that it was not aware of any investigation against it in the US. The DoJ indictment unsealed on Wednesday says this is not true.
Dharavi, Asia’s largest shantytown, made famous by the movie ‘Slumdog Millionaire’, and home to nearly a million people, is slated for demolition and redevelopment by the Adani Group. With their homes and jobs at risk, the people are fighting back.
A dispossessed village leader describes the hardships faced by him and his family despite financial ‘compensation’ for land acquired for an Adani coal project. He warns other villagers facing the same fate from the next Adani coal project not to accept company promises but to keep fighting for their rights.
Ramal Kariyam, a village leader in India’s Hasdeo forests, describes how his community is standing up to Adani and the authorities, despite unwarranted detentions and an arson attack.
Sunita Porte, a tribal leader of the struggle to protect the Hasdeo forests from Adani’s coal mines, tells of her narrow escape from police on the day that other village leaders were taken into custody in the dead of night. While village leaders were detained without charge, the forest was felled by the Adani company.
Alok Shukla, defender of the Hasdeo forests and its people, receives the prestigious Goldman Award, May 2024. Abir Dasgupta interviews him for AdaniWatch. The Adani Group operates a coal mine in the forests and is attempting to develop more, despite the opposition of people who depend on the forests for their livelihoods and way of life.
