Factbox-Major fallout for India's Adani Group after U.S. bribery indictment
Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,
Analysis-Adani's 'Renewable Energy Marvel' Trapped in U.S. Bribery Indictment
Now the plan faces a hurdle in the form of a U.S. indictment of Adani, his nephew and executive director Sagar Adani and managing director Vneet S. Jaain, accusing them of paying bribes of $265 million to secure Indian power supply contracts, and misleading U.S. investors during fund raises there.
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian billionaire
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men.
TotalEnergies pauses investments in India's Adani Group after bribery charges
SINGAPORE/SYDNEY, Nov 25 (Reuters) - Adani dollar bond prices fell to almost one-year lows on Monday as investors cut their exposure to the Indian conglomerate in the wake of bribery and fraud allegations from U.S. authorities.
Major fallout for Adani Group after US bribery indictment
Following U.S. bribery charges against Gautam Adani, several nations and investors have paused or scrapped deals with the Adani Group. TotalEnergies halted investments, and the U.S. International Development Finance Corp is reviewing a $550 million Sri Lanka port project.
US SEC issues summons for India's Adani, nephew on bribery allegations
The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on U.S. bribery allegations related to a bombshell federal indictment against him, a court filing showed.
Indian shares subdued as Adani firms fall on implications of US indictments
By Bharath Rajeswaran (Reuters) -Indian shares fell on Tuesday, pressured by Adani Group stocks' decline on worries about the implications of the alleged bribery charges against their key executives in the U.
Gautam Adani Indictment: 5 Things to know about the alleged bribery charges against the billionaire
US prosecutors have charged Indian billionaire Gautam Adani and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India.In the indictment, prosecutors alleged the tycoon and other senior executives had agreed to the payments to Indian officials to win contracts for his renewable energy company,
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Adani Group’s $33 Billion Loss: Global Investors Halt Deals Amid U.S. Bribery Allegations
The Adani Group is currently navigating a major crisis following U.S. allegations of bribery and fraud, which have led ...
India Today on MSN4h
Adani Group deals at risk: How countries have reacted after bribery charges
The recent bribery charges by US authorities, made public last week, have led to several countries revisiting or cancelling ...
Fortune India4h
Adani Green: No new deals with TotalEnergies, growth plans unaffected
French energy giant says it would not make any new financial contribution as part of its investments in Adani companies until ...
Fitch Places Some Adani Bonds on Negative Watch After US Bribery Charges
Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds ...
Outlook Business1d
Bangladesh Reviews Power Deals, Including Adani Group Amid US Bribery Case
Bangladesh to review power deals under Sheikh Hasina's leadership, Adani Group scrutinised over unpaid dues and legal issues ...
India Today1h
Andhra Pradesh government scrutinises previous deals with Adani Group
Andhra Pradesh is examining past deals with Adani due to claims of unethical practices. The government aims to ensure the ...
The Diplomat7h
Why Sri Lanka Must Rethink its Engagement with Adani Group
For the new government, acting upon deals with Adani is more than a legal or economic issue. It is a test of its commitment ...
ThePrint on MSN1d
After Kenya, now Bangladesh to review its power deals, including with Adani group
Bangladesh chief adviser Muhammad Yunus has recommended appointment of a 'reputed law & investigative firm' to assist in ...
India's Opposition Protests Against Billionaire Facing US Bribery and Fraud Charges
Hundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently ...