Dr Aman Puri launches 'A Glittering Success Story', a collector’s edition from Joyalukkas
UAE, September 2020: (Press Release) Dr. Aman Puri, Consul General of India in Dubai launched A Glittering Success Story, a coffee table book chronicling the history of Joyalukkas group. Dr. Puri received the first copy from Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, at the Indian Consulate in Dubai. The book pays homage to Alukka Joseph Varghese, father of Joy Alukkas, who was the founder and inspiration behind the success of Joy Alukkas and the visionary who started it all in 1956.
Also present at the occasion were John Paul Alukkas, Executive Director of Joyalukkas Group; Jassim Mohamed Ibrahim Al Hasawi Al Tamimi; and Mustafa Mohammed Ahmed Al Shareef.
“We are celebrating our journey and our success through a coffee table book, which captures all the memorable moments of brand Joyalukkas since its inception,” said Joy Alukkas at the launch. “Our journey started in the middle east as a single jeweller store in the UAE in 1987. Today we have grown to become an international brand spread across 11 countries worldwide. It goes without saying that we are very proud of our accomplishments to date but at the same time we realise that these are part of our broader vision to ornament the world. Recording our achievements in this coffee table book has further energized us and strengthened our resolve to chase our dreams with renewed vigour and confidence.
“I am extremely happy that Dr. Puri agreed to receive the first copy. He is a diplomat with a vision who is willing to go the extra mile for the welfare of Indians living here. I am also pleased to say that today we have become a brand that is close to the hearts of more than two million customers across the world. With a strong presence spread over India, GCC, USA, UK, Singapore and Malaysia we are known for our legacy of trust, value and heritage. Joyalukkas is the preferred choice of jewellery lovers and this collectors’ edition is a celebration of that.”
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US SEC summons Gautam Adani, nephew Sagar in bribery case
New York (PTI): Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts.
Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days.
"Within 21 days after service of this summons on you (not counting the day you received it)...you must serve on the plaintiff (SEC) an answer to the attached complaint or a motion under Rule 12 of the Federal Rules of Civil Procedure," said a November 21 notice sent through the New York Eastern District Court.
"If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint. You also must file your answer or motion with the court," it added.
Gautam Adani, 62, and seven other defendants, including his nephew Sagar, who is a director at the group's renewable energy unit Adani Green Energy Ltd, allegedly agreed to pay about USD 265 million in bribes to Indian government officials between approximately 2020 and 2024 to obtain lucrative solar energy supply contracts on terms that expected to yield USD 2 billion of profit over 20 years, according to an indictment unsealed in a New York court on Wednesday.
Separate from the indictment brought by the US Department of Justice, the US SEC has also charged the two and Cyril Cabanes, an executive of Azure Power Global, for "conduct arising out of a massive bribery scheme".
The ports-to-energy conglomerate has denied the allegations and said it will seek all possible legal resources.
"The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations. We assure our stakeholders, partners and employees that we are a law-abiding organisation fully compliant with all laws."
An indictment in the US is basically a formal written allegation originating with a prosecutor and issued by a grand jury against a party charged with a crime. A person indicted is given formal notice to reply.
That person or persons can then hire a defence lawyer to defend.
Prosecutors said the investigation started in 2022 and found the inquiry obstructed.
They also allege that the Adani Group raised USD 2 billion in loans and bonds, including from US firms, on the backs of false and misleading statements related to the firm's anti-bribery practices and policies, as well as reports of the bribery probe.
"As alleged, the defendants orchestrated an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars and... lied about the bribery scheme as they sought to raise capital from U.S. and international investors," US Attorney Breon Peace said in a statement announcing the charges on Wednesday.
"My office is committed to rooting out corruption in the international marketplace and protecting investors from those who seek to enrich themselves at the expense of the integrity of our financial markets."
