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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,

The Associated Press on MSN · 1d

India’s opposition protests against Gautam Adani as billionaire faces US bribery and fraud charges

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

CNBC on MSN · 2d

Adani's indictment: How one of India's biggest empires descended into chaos

The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

India's Andhra Pradesh Mulls Next Steps on Adani

Reuters · 3h

Exclusive: India's Andhra Pradesh state likely to suspend Adani power deal, sources say

India's Andhra Pradesh state is likely to put its power purchase deal linked to Adani Group 'in abeyance citing the U.S. indictment' of the group's billionaire founder Gautam Adani in an alleged bribery scheme,

Zawya · 39m

India's Andhra Pradesh state likely to suspend Adani power deal, sources say

The southern state will ask the federal government and the Solar Energy Corporation of India to investigate the bribery charges, the sources said

U.S. News & World Report · 18h

India's Andhra Pradesh Mulls Next Steps on Adani, if Power Deal Can Be Scrapped

India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States,

33mon MSN

Adani hit by downgrades as projects under review in India, Sri Lanka

Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, ...

22h

India’s Adani Group Mess Is Terribly Timed For Modi’s Economy

News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime ...

From the Urdu Press: ‘INDIA bloc defeat after defeat… it needs to learn the lessons’, ‘Is Adani above Indian law?’

The BJP could script this victory riding on not just its Hindutva plank, but also because of the Mahayuti government’s ...

18h

TotalEnergies Says Halting New Investment In India's Adani

French energy giant TotalEnergies said Monday it was halting new investment linked to Indian conglomerate Adani, after the indictment of its billionaire founder on US bribery charges, an announcement ...

Breakingviews: Adani presents India with big financing ultimatum

The country’s government may need to nudge local lenders to support the growth of the billionaire’s infrastructure ...

energy.economictimes.indiatimes5h

Adani Green issues clarification on TotalEnergies’ statement; says no material impact on growth plan

Adani Green Energy (AGEL) on Tuesday issued an official clarification in connection with TotalEnergies’ statement on its ...

12h

Adani Shares Drew Retail Investors Just Before US Probe Pullback

India’s retail investors increased their holdings in the Adani Group prior to the shock bribery charges by US authorities ...

12hon MSN

Telangana govt refuses to accept Adani’s ₹100 crore donation for Skill University. Here’s why

Telangana government has decided to decline a ₹100 crore donation from the Adani Group to the Young India Skills University.

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