Tag: Adani Group Tirunelveli News Today

Adani Group Stock Plummets Amid Bribery Scandal Allegations

3 Mar

Business Rohan Neeraj

Shares of Adani Group companies nosedived after US authorities accused Gautam Adani of bribery, impacting the Indian stock market. Key Adani stocks fell sharply, causing the BSE Sensex to drop 422 points. Financial lenders with ties to Adani also reported losses. This marks another hit for Adani after previous controversies.

US Charges Gautam Adani in Massive Solar Bribery Scandal Amidst Denial from Adani Group

25 Feb

Business Rohan Neeraj

Gautam Adani, his nephew Sagar Adani, and senior Adani Group executives have been indicted by the US DOJ for allegedly masterminding a $250 million bribery scheme to secure solar energy contracts in India. The scandal involves accusations of securities fraud and deception of US investors. Despite these serious charges, the Adani Group staunchly denies the allegations, standing firm on their integrity claims.

Gautam Adani Faces $265 Million Bribery Charge, Net Worth Takes Hit

9 Feb

Business Rohan Neeraj

Gautam Adani's wealth plummeted by $12.3 billion after allegations surfaced of involvement in a $265 million bribery scheme to secure solar contracts. The Adani Group's market value fell by $26 billion, and a major bond sale was canceled. Despite strong denials from Adani, the charges include securities fraud and obstruction, drawing significant attention and implications for international investments.

GQG Partners Considers Adani Group Investment Amid US Legal Challenges

31 Jan

business Rohan Neeraj

GQG Partners faces a critical juncture as it reviews its substantial investments in Adani Group companies following a US indictment against Gautam Adani and associates. The charges involve allegations of illegal activities like bribery and fraud, raising concerns about the integrity of business operations. GQG's measured approach signals cautious optimism amidst market uncertainties caused by stock declines and geopolitical tensions.

Adani Group's Bond Prices Plummet as Gautam Adani Faces US Bribery and Fraud Charges

26 Jan

Business Rohan Neeraj

Gautam Adani, the leader of Adani Group, faces charges of bribery and fraud in New York. Accused alongside associates, Adani is charged with paying $265 million in bribes to secure solar contracts, potentially yielding $2 billion in profits. Following the indictment, bond prices of the Group's companies dropped significantly, echoing similar financial concerns raised in February 2023.

Gautam Adani Faces US Legal Turmoil: Unveiling Charges of Bribery and Market Reactions

26 Jan

Business Rohan Neeraj

Gautam Adani, the influential founder of the Adani Group, is caught in legal turmoil as he faces serious allegations of bribery and fraud in the United States. The Department of Justice (DOJ) accuses him and his associates of distributing over $250 million to Indian officials to secure solar energy contracts projected for massive profits. As the American legal system takes its course, this has had profound effects on the Adani Group's market value, with stocks plummeting sharply.

Gautam Adani Faces US Charges in Massive $265 Million Bribery Scandal

23 Jan

World News Rohan Neeraj

The US Justice Department has indicted Gautam Adani, his nephew Sagar Adani, and other senior executives in a massive bribery and fraud case. The allegations involve a scheme to secure profitable solar energy contracts in India through hefty bribes. The charges include securities fraud, with the SEC seeking severe penalties for misleading investors about anti-bribery measures.

White House Stresses Resilience of US-India Relations Amidst Gautam Adani Bribery Indictment

20 Jan

Politics Rohan Neeraj

The White House has acknowledged the indictment of Indian billionaire Gautam Adani in a bribery case, reiterating the robustness of US-India relations which will withstand this challenge. The charges involve Adani and associates in a scheme to secure solar contracts through bribes. Despite the allegations, the White House reaffirms continued cooperation with India across global issues, as both nations aim to navigate this issue without fracturing their relationship.

Adani Group Faces Financial Tumult Amid Alleged Bribery Charges Against Gautam Adani

17 Jan

Business Rohan Neeraj

Adani Group's stocks took a nosedive in response to the charges against Gautam Adani for allegedly orchestrating a bribery scheme affecting U.S. investors. The U.S. SEC outlined accusations of securities fraud related to Indian solar energy contracts. This led to significant losses, lowering the group's market value by billions and adversely impacting its credit ratings. The case has cast doubts on the conglomerate's ethical integrity and future growth.

Adani Bribery Allegations Cause Market Shock: $600 Million Bond Withdrawn

2 Dec

Business Rohan Neeraj

Adani Green Energy Ltd. pulled its $600 million bond due to bribery charges. Accusations involve $265 million bribes for contracts with $2 billion profit potential. The US filed charges, affecting Adani's stocks and bond prices. Adani denies the claims, calling them baseless, while pursuing legal actions.