Rush Hour: Trump halts anti-corruption prosecutions, Dhaka asks Adani to restore power supply & more
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United States President Donald Trump has signed an executive order directing the justice department to pause prosecutions of Americans accused of bribing foreign officials to secure business deals. The order halts enforcement of the Foreign Corrupt Practices Act, a 1977 law barring US companies from bribing foreign government officials. Trump directed the attorney general to review actions related to the Act and draft new enforcement guidelines.
The decision has been viewed as a potential relief for the Adani Group and its chairperson Gautam Adani. With the pause in prosecutions under the Act, ongoing investigations against them could be delayed or potentially weakened, according to reports.
In November, the US authorities indicted Gautam Adani, who is the chairperson of the conglomerate, in a $265 million bribery and fraud case.
While the indictment document outlines conspiracy to obstruct justice and violations of the Act, Adani and his executives were not charged on these counts. The indictment document does, however, name Gautam Adani, among others, in what it describes as a “massive bribery scheme”.
The conglomerate has denied the allegations. Read on.
The Bangladesh government has urged Adani Power to fully restore power supply to the country from its plant in Jharkhand’s Godda. The Adani Group company exports electricity to Bangladesh from the 1,600-megawatt plant under...
