Adani Group, one of India’s largest and most powerful companies, has been making big moves in Africa. With a valuation of over $150 billion, the conglomerate has built a vast network across Asia and Africa, investing in infrastructure, energy, and real estate. However, in late November, this expansion hit a
Indian Oil Corporation (IOC), India’s largest oil refiner, has launched an investigation into claims that a US-based specialty chemicals company bribed its officials to win lucrative contracts over a decade ago. The US company in question, Albemarle Corporation, is a global leader in selling catalysts—chemical agents crucial for oil refinery
In a bold move against global corruption, US authorities have hit major American companies like Moog Inc., Oracle Corporation, and Albemarle Corporation with massive fines. These companies were caught bribing Indian officials and entities such as Hindustan Aeronautics Limited (HAL), Indian Railways, and Indian Oil Corporation (IOC). The fines imposed
Indian billionaire Gautam Adani, founder of the Adani Group, has spoken out for the first time about recent bribery accusations leveled against him and his company by US authorities. Addressing an audience at an awards ceremony in Jaipur, Adani firmly denied the allegations and emphasized his company’s resilience in the
The Adani Group, one of India’s largest business empires, has faced a shocking $55 billion loss in market value. This comes after US prosecutors accused its top executives, including chairman Gautam Adani, of being involved in a massive bribery and fraud scheme. Gautam Adani, once among the world’s richest men,
The Adani Group, one of India’s largest business empires, is in deep trouble. The company has lost around $26 billion in market value after the US Department of Justice (DOJ) accused its founder, Gautam Adani, and key executives of bribery and fraud. Adani Enterprises, the flagship company of the group,
RTX Corporation, the defense company formerly known as Raytheon, has agreed to pay more than $950 million to settle serious accusations of fraud and bribery. These allegations involve cheating the government and making illegal payments to secure business contracts with Qatar. What Happened? On a Wednesday in October, RTX entered
According to Russian state media, Russian authorities arrested Lieutenant-General Vadim Shamarin, deputy to General Valery Gerasimov, head of the army’s general staff, on suspicion of large-scale bribe-taking. Is President Vladimir Putin continuing what appears to be a purge of his senior defense staff members? The Kremlin escalated its crackdown on
According to a report by Mint, a bribery scandal has rocked India’s IT giant TCS (Tata Consultancy Services) as it is alleged that bribes were paid to secure jobs for certain candidates over an extended period of time. TCS denies sending warning memos to employees Photograph:(Zee News Network) Tata Consultancy
