Legal experts suggest that Gautam Adani has substantial grounds to contest charges. Adani Group stocks today: Adani Group stocks rose up to 7% on Monday, with investors showing confidence that Gautam Adani and others facing US charges of bribery, securities fraud, and wire fraud have substantial grounds to contest the indictment.Adani Enterprises shares increased 4%…
Gautam Adani and seven other defendants allegedly consented to pay approximately $265 million in bribes. Gautam Adani, the founder and chairman of Adani group, along with his nephew Sagar Adani, have received summons regarding the US Securities and Exchange Commission’s (SEC) claims about paying $265 million (Rs 2,200 crore) in bribes for obtaining profitable solar…
The United States Department of Justice (DoJ) has filed charges against industrialist Gautam Adani. Days after the US indictment of Gautam Adani and other individuals, Adani Group CFO Jugeshinder Singh has said that the bribery indictment pertains to a single contract at Adani Green Energy. According to a Reuters report, the Adani Group CFO said…
MUMBAI: GQG Partners, a major foreign investor in the Adani group companies, has initiated defensive measures to safeguard its share price following the fallout from a US investigation into the Ahmedabad-based conglomerate. The Sydney-listed fund initiated a $65 million share buyback programme, citing the potential presented by the significant drop in its stock value. GQG’s…
MUMBAI: Markets regulator Sebi is having a preliminary look at whether the Adani Group had violated disclosure norms while its chairman and some top officials dealt with a US DoJ grand jury subpoena and investigations by the FBI for wire frauds, violations of securities and other laws in the country for over a year. Sebi…
Congress leader Rahul Gandhi and Industrialist Gautam Adani (File Images) NEW DELHI: Congress leader Rahul Gandhi on Friday once again called out Gautam Adani after the indictment by the United States for alleged bribery and fraud, and said that he and Prime Minister Narendra Modi are protecting each other, adding that the industrialist gives funds…
Following the US indictment, shares of Adani Group companies experienced a dramatic decline. On November 20, 2024, US prosecutors charged Indian businessman Gautam Adani and several executives from his conglomerate, the Adani Group, with orchestrating a $250 million bribery scheme aimed at securing contracts for solar power projects in India.Driving the news The US Department…
US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme to win solar energy contracts in India. India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter.The Securities and Exchange Board of India has asked…
Market experts have differing views on Adani shares’ future. Adani Group stocks: The market capitalisation of Adani Group stocks plunged by Rs 2.24 lakh crore, equivalent to $26 billion, following accusations by US authorities against Gautam Adani, his companies and executives regarding bribery and fraud on Thursday.The US Department of Justice‘s (DoJ) allegations against the…
US prosecutors have indicted billionaire Gautam Adani and his nephew, Sagar Adani, among others, for their alleged role in a $265 million (Rs 2,000 crore) bribery case to secure solar power supply contracts in India, plunging the edible oil-to-ports giant into a second major controversy in 22 months, after the allegations by short-seller Hindenburg Research.Arrest…
