Tag: bribery allegations Tirunelveli News Today

Gautam Adani Faces Legal Storm Over $265 Million Bribery Scandal

22 Mar

Business Rohan Neeraj

Gautam Adani and top executives from Adani Group are entangled in a severe bribery scandal involving a $265 million scheme. U.S. prosecutors charge the executives with concealing bribes for securing solar energy contracts. The company's market value plummets, and legal experts predict potential settlements similar to Siemens or Ericsson, as the case tightens around securities and wire fraud charges.

Kenya Scraps Major Adani Power Deal Amid US Bribery Charges

7 Mar

World News Rohan Neeraj

Kenya has canceled a significant $736 million power transmission project with Adani Energy Solutions following allegations of bribery involving Adani Group's founder. This development also impacts a related airport modernization contract. Amid US accusations of massive bribes, these actions raise questions about transparency and governance, sparking financial ripples in Adani's stock values.

Adani Bribery Allegations Cause Market Shock: $600 Million Bond Withdrawn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