For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.
It takes an average of about three years to conclude a case after an indictment under the US Foreign Corrupt Practices Act (FCPA), according to a Stanford Law School analysis of cases since the law was enacted nearly a half century ago.
The study, which is continuously updated, covered corruption probes against 487 companies and 555 individuals.
The 1977 US law prohibits bribing foreign officials to obtain or retain business. It applies to any person or entity that is subject to US jurisdiction, including foreign companies raising money in the US. Primarily, the US Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC) are responsible for investigating suspected FCPA violations. Both agencies have brought charges against the Adanis.
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SC slams Delhi govt, police on Grap execution
The Supreme Court on Friday directed stricter implementation of anti-pollution measures while questioning various authorities about gaps in enforcement and data discrepancies regarding stubble burning.
BAGGING THE SPOTLIGHT: INDIAN LABELS REDEFINE LUXURY
Whether inspired by cultural heritage or defined by modern edge, Indian designers are proving they've got what it takes to dominate the luxury scene, both at home and abroad
Bae Hyeon Seong: I'd love to do an Indian film
South Korean actor Bae Hyeon Seong, who plays a pivotal role in the drama series Family By Choice, desires to explore acting opportunities in Indian cinema.
Tahir Raj Bhasin is endlessly watchable in a worthy, pulpy follow-up
Sidharth Sengupta's romantic crime thriller show has successfully evaded the season 2 curse.
Bennett University is hosting the first-ever India Padel Open!
India is witnessing a sporty spectacle with its first-ever international padel tournament, the CUPRA FIP Tour, featuring the FIP Promotion India Padel Open.
I ENJOY COMPLEX ROLES THAT CHALLENGE ME
Actor Manoj Bajpayee on The Fable creating history at the 38th Leeds International Film Festival and his love for layered characters
Remarkable rajma: The best Indian bean dish in the world
With the Indian favourite rajma being ranked #14 in the world, chefs tells us what the appeal is all about
Abhishek shines in Sircar's drama about mortality
Indian cinema, till date, has had a lot of stories centred on fathers - revenge dramas, comedies and actioners. But seldom about a terminally-ill man who wishes to reconnect with his daughter.
Kapadia's All We Imagine As Light is about finding the light within our lives
Payal Kapadia's film has been making a lot of buzz internationally, and rightfully so.
IPL set for extension for next three seasons
For the next three seasons, IPL has carved out its longest window ever. It will run for 72 days next year, up from 66 in 2024, and stretch to 78 days in 2026 and 2027. By keeping for itself a quarter of the calendar year- including pre-tournament training days -IPL has further consolidated its top spot among all tournaments.
