- December 23rd, 2024
Gautam Adani, founder of the Adani Group, addressed allegations for the first time on Saturday (November 30) that he and his associates were involved in a US$265 million bribery scheme to secure Indian power supply contracts. Speaking at an awards...
Indian lenders, including the State Bank of India (SBI), are re-evaluating their financial exposure to the Adani Group following allegations of bribery against the conglomerate’s Chairman, Gautam Adani, by U.S. authorities. This reassessment is seen as a cautious move to...
The Adani Group has clarified that Indian billionaire Gautam Adani and his associates have not been charged under the U.S. Foreign Corrupt Practices Act (FCPA). This statement, issued by Adani Green Energy Ltd. in a filing to the stock exchange...
Indian billionaire Gautam Adani, one of the world's richest men and a symbol of India's economic rise, has been charged by U.S. prosecutors in a sprawling $265 million bribery scheme. The allegations have sent shockwaves through his $142 billion conglomerate,...
The Adani Group, a corporate titan in India led by billionaire Gautam Adani, faced a tumultuous week as fraud allegations and arrest warrants sent shockwaves through global markets. The US Department of Justice (DOJ) has charged Adani and seven others...
India's Supreme Court has ordered the Securities and Exchange Board of India (Sebi) to conclude its investigation into the Adani Group within three months, stating no further probes are needed. The three-judge bench, led by Chief Justice D. Y. Chandrachud,...
Index provider MSCI said on Saturday it was seeking feedback on Adani Group and associated securities and was apprehensive of a report issued by short-dealer Hindenburg Research. Seven listed companies of the Adani empire- controlled by one of the world's...