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Adani CFO says US charges linked to only 1 business contract
Adani CFO says US charges linked to only one business contract
A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing,
Adani Group CFO Clarifies Deal That Led to Indictment in the US
Adani Group has cleared the air on the indictment of Indian billionaire Gautam Adani by a federal grand jury in the United States over fraud allegations. In a statement on Saturday, October 23, Adani Group Chief Financial Officer (CFO) Jugeshinder Robbie Singh explained that the charges against Adani are related solely to one of its companies,
Adani Green’s CFO downplays US bribery charges, links allegations to a single contract
On Wednesday, Adani, one of the world’s wealthiest individuals, and seven others were charged by US prosecutors in connection with a $265 million scheme to bribe Indian officials for power-supply contracts.
US bribery and fraud charges are a big test yet
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery
India’s Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges
The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.
India's Adani Enterprises tanks after founder's US charges
Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bri
adani group, India
Billionaire Adani’s Conglomerate Faces Scrutiny And Setbacks Around The World Amid U.S. Indictment
Adani’s indictment has triggered a political furor in India, with opposition leaders calling for Adani’s immediate arrest as they highlighted his close ties with Prime Minister Narendra Modi.
US indictment of Gautam Adani puts India Inc’s reputation on trial
US criminal and civil charges accusing the group’s founder Gautam Adani of involvement in a $265mn bribery scheme have startled Indian businesspeople and given potent ammunition to Modi’s parliamentary opponents.
US indictments scythe $27 billion off value of India's Adani Group firms
By Sethuraman N R, Bharath Rajeswaran and Indranil Sarkar (Reuters) -Adani Group companies lost about $27 billion in market value on Thursday after U.S. prosecutors charged the Indian conglomerate's billionaire chairman in an alleged bribery and fraud scheme.
Bloomberg L.P.
11h
Adani to Respond to US Bribery Allegations After Legal Review
The
Adani
Group will respond to bribery allegations leveled by the US after a detailed legal review and once it has secured ...
2h
on MSN
Gautam Adani, nephew Sagar Adani summoned by US SEC in $265 million bribery case
Gautam Adani and Sagar Adani have been summoned to respond to allegations of bribery in US. The US SEC alleges they paid ...
19h
Adani Group could find funding harder after US indictment as banks review credit
Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, ...
9h
Adani Shock Exposes ESG Fund Managers Clinging to ‘Terrible’ Bet
Roughly 770 ESG funds worldwide hold shares of Adani Green Energy Ltd., which just lost about a quarter of its value after US ...
14m
BJP win in Maharashtra to bolster Adani's $3 bn Dharavi slum project
The landslide victory for ruling BJP-led Mahayuti in Maharashtra will booster billionaire Gautam Adani-led group's USD ...
19h
on MSN
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam ...
16h
Why This U.S. Indictment Has Billionaire Adani's Conglomerate Facing Major Setbacks | Forbes Topline
A day after billionaire Gautam Adani was indicted in a major bribery case in the U.S., his conglomerate faced a series of ...
39m
Adani Bribery Case: Gautam Adani & Nephew Sagar Adani Summoned By US SEC Over Bribery Allegations
Both Gautam Adani and his nephew Sagar Adani, a director at Adani Green Energy Ltd, have been summoned by the US Securities ...
National Herald
46m
Adani Group CFO says wasn't aware of the 'specificity'
Adani Group CFO Jugeshinder Robbie Singh reveals he was aware "that something is afoot" but wasn't made aware of the ...
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