Adani
By Krishna N. Das and Jatindra NEW DELHI (Reuters) – Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi’s party said they had to answer for contracts signed while they were in power. U.S. authorities…
By Kashish Tandon and Hritam Mukherjee (Reuters) – U.S. prosecutors have charged Indian billionaire Gautam Adani, founder of a conglomerate named after him, and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India. The authorities said Adani and the other defendants agreed…
By Nikunj Ohri and Dharamraj Dhutia NEW DELHI (Reuters) -Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, plunging his conglomerate deep into crisis for the second time in two years. Multiple counts of fraud -…
By Sethuraman N R and Bharath Rajeswaran (Reuters) – Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani’s flagship company Adani Enterprises…
By Krishna N. Das and Munsif Vengattil NEW DELHI (Reuters) – Indian billionaire Gautam Adani, indicted in New York over a $265 million bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad. Asia’s second-richest person, who narrowly…
MUMBAI (Reuters) -U.S. based short-seller Hindenburg Research in a new report released on Saturday alleged that the chairperson of India’s market regulator Madhabi Puri Buch previously held investments in certain offshore funds that were also used by the Adani group. Buch did not immediately reply to a call and a…
