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Adani Group denies ’baseless’ claims of ‘involvement’ in Swiss Bank accounts, refutes Hindenburg’s allegations | Mint
Livemint
·
10m ago
Medial
The Adani Group has strongly denied allegations made by US-based short seller Hindenburg Research that Swiss authorities had frozen funds in the group's Swiss bank accounts. The conglomerate released a statement categorically rejecting the claims and stating that it had no involvement in any Swiss court proceedings. The Adani Group emphasized the transparency of its overseas holding structure, asserting that it complied with all relevant laws. They suggested the allegations were part of a coordinated effort to damage their reputation and market value.
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Hindenburg’s latest charges spark fresh plea in Supreme Court on Sebi’s Adani Group investigation | Mint
Livemint
·
12m ago
Medial
A new plea has been filed in the Supreme Court of India seeking a prompt conclusion to the investigation into the Adani Group following recent allegations made by Hindenburg Research. The petition calls for the Securities and Exchange Board of India (SEBI) to release its investigative report on the matter, as directed by the court earlier this year. The petitioner argues that the fresh allegations have created doubt among the public and investors, making it imperative for SEBI to conclude its investigation and provide transparency for the benefit of affected investors.
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HDFC Bank CEO moves Bombay HC to quash FIR filed by Lilavati Trust over ₹2.05 cr bribery allegations
Economic Times
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1m ago
Medial
HDFC Bank CEO Sashidhar Jagdishan seeks the quashing of an FIR filed by the Lilavati Kirtilal Mehta Medical Trust, alleging a ₹2.05 crore bribe to retain Trust control. The Trust accuses Jagdishan of financial misconduct and misuse of CSR funds, claiming his family received free medical care from Lilavati Hospital. HDFC Bank denies these allegations, asserting they are baseless, and plans legal action. The legal matter remains unresolved in the Bombay High Court.
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Adani AGM 2024: Hindenburg accusations were ‘baseless’, designed to defame us
Livemint
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1y ago
Medial
In a recent annual general meeting, Gautam Adani of Adani Enterprises dismissed the Hindenburg report's allegations as baseless. While he did not name the short seller responsible, Adani stated that the attack on the company's financial standing was a calculated strike aimed at defaming them. The Hindenburg report had accused Adani of using tax havens, raising concerns about debt, and engaging in stock manipulation. The Adani group has strongly refuted these allegations, referring to them as unsubstantiated speculations.
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Burman Family refutes allegations by Religare independent directors
Livemint
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1y ago
Medial
The Burman Family has denied the allegations of fraud and breaches made by Independent Directors of Religare Enterprises. They stated that the allegations were baseless and defamatory, claiming that their activities were transparent and there was no market manipulation involved in their purchase of shares. The Independent Directors had previously written to regulators to raise concerns about fraud and other breaches by the Burman Family. The family, who are the largest stakeholder of Religare Enterprises, had made an open offer to acquire more shares in the company.
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Airtel India Rejects Report Of Data Breach
Inc42
·
1y ago
Medial
Airtel India denies allegations of a data breach and states that the claims are an attempt to damage their reputation. The denial comes after a user named 'Dark Web Informer' alleged that Airtel India's customer data was breached and being sold on the dark web. The alleged breach reportedly occurred in June 2024 and involved the personal details of 37.5 crore Airtel India customers, including names, phone numbers, addresses, dates of birth, and email addresses. Airtel India asserts that the claims are baseless and unfounded.
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Byju Raveendran denies making secret payments to government officials to resolve FEMA cases - The Economic Times
Economic Times
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21d ago
Medial
Byju Raveendran, founder of Byju's, denied allegations in a Delaware court, where Glas Trust's counsel accused him of negotiating unofficial payments with Indian officials to resolve cases. Raveendran refuted the claims as baseless, stating he wasn't a party to the case and couldn't defend himself. The lawsuit involves a $1.2 billion loan and accusations of fund misappropriation, with Raveendran asserting no money is missing and denying involvement in unofficial deals.
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US SEC issues summons for Gautam Adani, nephew on bribery allegations
VCCircle
·
8m ago
Medial
The US Securities and Exchange Commission (SEC) has issued a summons to Indian billionaire Gautam Adani and his nephew, Sagar Adani, regarding allegations of bribery. The SEC is suing them for engaging in hundreds of millions of dollars in bribes to assist an Adani company with a bond offering. The Adani Group has denied the charges and stated that they are baseless. Gautam and Sagar Adani have also been accused of participating in a $265 million scheme to bribe Indian officials for power-supply contracts. The Adani Group's market value has been significantly affected by these allegations.
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US SEC seeks India's help in Adani fraud probe
VCCircle
·
5m ago
Medial
The U.S. Securities and Exchange Commission (SEC) has requested assistance from Indian authorities in investigating Adani Group founder Gautam Adani and his nephew, Sagar Adani, over alleged securities fraud and a $265 million bribery scheme. While efforts to serve the complaint are ongoing, the SEC is seeking India's Ministry of Law and Justice's help. Neither is in U.S. custody as they are in India. Adani Group has denied the allegations, calling them baseless.
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HDFC Bank says timing of allegations against CEO Sashidhar Jagdishan reveals 'devious' motive of Lilavati Trust
Economic Times
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1m ago
Medial
HDFC Bank has responded to allegations by the Lilavati Trust against its Managing Director and CEO, Sashidhar Jagdishan, describing them as baseless and with malicious intent to hinder legal recovery actions. The bank maintains its compliance with legal standards and has dismissed the accusations as false. Legal actions for defamation are underway, and the trust claims its actions are based on a court order mandating an investigation against Jagdishan and others.
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Section of Akasa Air pilots flags concerns over unfair practices; airline terms allegations untrue
Livemint
·
7m ago
Medial
A group of pilots from Akasa Air has raised concerns about training and safety issues at the airline and has sought intervention from the civil aviation ministry. The pilots claim that 84 pilots have resigned with one-day notice due to alleged mismanagement. However, Akasa Air denies these allegations and states that the claims are baseless and untrue. The airline also highlights that their employee survey consistently shows high levels of job satisfaction among pilots. Previously, the Directorate General of Civil Aviation (DGCA) had fined Akasa Air ₹30 lakh for lapses in crew training.
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