Gautam Adani, one of Asia's richest men, is accused of paying millions to Indian government officials to get solar energy contracts.

Newsweek

United States

Adani Group shares tumble 20% after US bribery indictment

Ad Fontes Media

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Media Bias/Fact Check

IBT Media

(Bloomberg) — The Adani Group will respond to bribery allegations leveled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.

Financial Post

Leon Cooperman

Allianz

Canada

Adani to Respond to US Bribery Allegations After Legal Review

Shares of the 11 listed Adani firms fell over 20 per cent after US authorities indicted Gautam Adani and some of his senior executives in an alleged multi-million-dollar bribery case

India Today

Living Media

India

Why US court's 'bribery' indictment is a huge credibility crisis for Adani Group

Shares in India's Adani Group took a significant hit on Thursday, dropping by as much as 20 percent, following the unsealing of a U.S. indictment against its founder, Gautam Adani.The charges accuse the 62-year-old tycoon of duping investors through a massive solar energy project in India, which allegedly involved bribery schemes.The indictment was filed by federal prosecutors in New York, who charged Adani with securities fraud and conspiracy t…

Jingletree

Adani Group Shares Tumble 20% After US Bribery Indictment

The Adani Group, one of India’s largest business empires, is in deep trouble. The company has lost around $26 billion in market value after the US Department of Justice (DOJ) accused its founder, Gautam Adani, and key executives of bribery and fraud. Adani Enterprises, the flagship company of the group, saw its stock price plunge […] The post US Bribery Allegations Wipes Out $26 Billion From Adani appeared first on GreatGameInternational.

GreatGameIndia

US Bribery Allegations Wipes Out $26 Billion From Adani - GreatGameInternational

India’s securities regulator, the Securities and Exchange Board of India (SEBI), is investigating whether the Adani Group violated market disclosure requirements regarding potentially market-sensitive information. Sources familiar with the matter revealed that SEBI is scrutinizing whether Adani Green Energy Ltd. failed to disclose an investigation by the US Department of Justice into bribery allegations involving the company. As per the informat…

Marksmen Daily - Your daily dose of insights and inspiration

More trouble for Adani Group, as SEBI Probes Transparency Practices Amid US Bribery Allegations

The Adani Group faced another tumultuous trading day as its flagship companies, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, suffered significant losses. Sell-off follows allegations from US prosecutors of a $265 million bribery scheme and the abrupt cancellation of over $2.5 billion in contracts by the Kenyan government. The Adani Group has categorically denied the bribery charges, calling them “baseless and unfo…

Adani Group shares tumble 20% after US bribery indictment

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