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Reposted by Shobharaj.vs
A day after billionaire Gautam Adani was indicted in a major bribery case in the U.S., his conglomerate faced a series of setbacks and increased scrutiny both around the world and in 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.
www.forbes.com
November 22, 2024 at 12:39 PM
A day after billionaire Gautam Adani was indicted in a major bribery case in the U.S., his conglomerate faced a series of setbacks and increased scrutiny both around the world and in India.
Reposted by Shobharaj.vs
Shares of the Adani Group’s listed units slumped sharply Thursday, after U.S. prosecutors indicted billionaire founder Gautam Adani over his alleged involvement in a scheme to pay $250 million in bribes to Indian government officials to secure lucrative energy supply contracts.
Gautam Adani’s Fortune Sinks By $12.3 Billion As US Indictment Triggers Stock Selloff
The Justice Department charged the Indian billionaire in connection with a $250 million bribery scheme allegedly used to secure energy contracts in India.
www.forbes.com
November 21, 2024 at 12:50 PM
Shares of the Adani Group’s listed units slumped sharply Thursday, after U.S. prosecutors indicted billionaire founder Gautam Adani over his alleged involvement in a scheme to pay $250 million in bribes to Indian government officials to secure lucrative energy supply contracts.
November 22, 2024 at 7:00 AM