India’s Adani Group has denied allegations of bribery and fraud made by U.S. authorities in relation to the group’s chair Gautam Adani.
Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme.
Shares of companies in India's Adani Group plunged following the indictment, with Adani Green Energy — the firm at the center of the allegations — slumping 17.9%. Adani and several other defendants are accused of having paid Indian government officials more than $250 million in bribes to obtain solar energy supply contracts worth more than $2 billion in profits.The company's 62-year-old chair, his nephew Sagar Adani, and fellow company executive Vneet Jaain are charged with misleading U.S.
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Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New YorkShares of India’s Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.
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Shares in India's Adani Group plunge 20% after US bribery, fraud indictmentsAsia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight.
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Shares in India's Adani Group plunge 20% after US bribery, fraud indictmentsAsia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight.
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Shares in India's Adani Group plunge 20% after US bribery, fraud indictmentsAsia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. One result of the U.
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India's Adani Group sees $22B in value wiped off after US indictmentsGautam Adani, Sagar Adani and Jaain were charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy, and the Adanis were also charged in a US Securities and Exchange Commission civil case.
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Billionaire Gautam Adani charged in New York with massive fraudGautam Adani was been indicted in New York federal court with other defendants in connection with an alleged multi-billion-dollar fraud scheme. The billionaire…
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