Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
Thursday, 21 November 2024 () Asia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. One result of the U.S. legal action was that the Adani group decided not to proceed with a proposed U.S. dollar-denominated bond offering. Adani Renewables announced the decision in letters to the Bombay Stock Exchange and the National Stock Exchange of India.
The US has issued arrest warrants for Gautam and Sagar Adani over a $265 million bribery and fraud scheme. The Adani Group is accused of concealing corruption to raise billions in loans while securing energy contracts. The case also involves international defendants, including Australian businessman...
Jaipur, Rajasthan: Adani Group Chairman Gautam Adani addresses at the 51st India Gems and Jewellery Awards, says, In 1995, the BJP-led Gujarat government’s port-led development plan sparked our..
Indian opposition leader Rahul Gandhi has called for the immediate arrest of billionaire Gautam Adani following his indictment by U.S. prosecutors on charges of bribery and fraud. Gandhi asserts that..
Congress leader Rahul Gandhi has called for the immediate arrest of Gautam Adani after the billionaire was indicted in the US for his alleged involvement in a bribery scheme linked to solar energy..
The U.S. Justice Department has initiated an investigation into potential bribery and corruption involving the Adani Group and its founder, Gautam Adani. The... IndiaVision Also reported by •IndiaTimes •DNA
Thursday, 21 November 2024 ()
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