India's Andhra Pradesh state is likely to put its power purchase deal linked to Adani Group 'in abeyance citing the U.S. indictment' of the group's billionaire founder Gautam Adani in an alleged bribery scheme,

The review takes place amid allegations against Gautam Adani in the United States, where he has been accused of bribing Indian government officials to secure “lucrative solar energy supply contracts.”

Andhra Pradesh state may suspend a power purchase deal connected to Adani Group after U.S. charges against founder Gautam Adani for alleged bribery. The state plans to request a federal investigation and is set to make the suspension announcement soon.

The prospect of a ceasefire agreement between Israel and Lebanon's Hezbollah without a similar deal with Hamas in Gaza has left Palestinians feeling abandoned and fearful that Israel will focus squarely on its onslaught in the enclave.

Andhra Pradesh state considers suspending power purchase deal with Adani Group over bribery charges, pending investigation.

Andhra Pradesh is set to suspend a power purchase agreement with the Adani Group following U.S. indictment of founder Gautam Adani for alleged bribery. The state plans to request federal investigation while clauses in existing agreements allow for contract termination under such transgression.

The State of Andhra Pradesh is likely to suspend Adani Group’s power supply deal as the federal government and the Solar Energy Corporation of India (SECI) is set to investigate the alleged US indictment charges,

The development comes after US authorities framed Gautam Adani and other executives of the group for allegedly paying $265 million in bribes to Indian to to Indian government officials to secure solar energy contracts.

India’s Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the US indictment of the group’s billionaire founder Gautam Adani over an alleged bribery scheme, two state government sources said.

US authorities have charged Gautam Adani and seven others for allegedly paying $265M in bribes to Indian officials to secure solar power contracts in 2021-2022.