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Adani Green's CFO downplays US bribery charges
Adani CFO Says US Charges Linked to Only One Business Contract
NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
Adani Green’s CFO downplays US bribery charges, says allegations linked to a single contract
On Wednesday, Adani, one of the world’s wealthiest individuals, and seven others were charged by US prosecutors in connection with a $265 million scheme to bribe Indian officials for power-supply contracts.
Adani Group CFO Clarifies Deal That Led to Indictment in the US
Adani Group has cleared the air on the indictment of Indian billionaire Gautam Adani by a federal grand jury in the United States over fraud allegations. In a statement on Saturday, October 23, Adani Group Chief Financial Officer (CFO) Jugeshinder Robbie Singh explained that the charges against Adani are related solely to one of its companies,
Gautam Adani, India
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery
How Indian Billionaire Gautam Adani's Alleged Bribery Scheme Took off and Unraveled
Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir Cohen/File Photo NEW YORK (Reuters) - In June of 2020,
Meet Gautam Adani, the Indian billionaire and business tycoon who was just charged in a massive bribery case in the US
Gautam Adani, the world's 18th-richest person, came under scrutiny from both US prosecutors and a major short-selling group in recent years.
Kenya, Adani group
‘Not signed any agreement to operate main airport in Kenya’: Adani group clarifies on Kenya cancelling contract
In a separate filing on October 9, Adani Energy Solutions Ltd, which operates power transmission lines, confirmed it was awarded the contract to build transmission lines in Kenya. Following this, it established a subsidiary in Kenya.
Kenya's government cancelled all Adani contracts
Kenyan President William Ruto announced the cancellation following US criminal charges
Kenya Scraps $2.6 Billion Adani Deals in Wake of US Indictment
Kenyan President William Ruto canceled two deals with Adani Group worth about $2.6 billion over alleged corruption, hours after the company’s billionaire founder was charged by the US authorities in a separate bribery scheme.
Bloomberg L.P.
15h
Adani to Respond to US Bribery Allegations After Legal Review
The
Adani
Group will respond to bribery allegations leveled by the US after a detailed legal review and once it has secured ...
22h
Adani Group could find funding harder after US indictment as banks review credit
Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, ...
5h
on MSN
Everything we know about US indictment of Indian billionaire Gautam Adani
Everything we know about US indictment of Indian billionaire Gautam Adani - Modi ally accused of bribing Indian officials to ...
12h
Adani Shock Exposes ESG Fund Managers Clinging to ‘Terrible’ Bet
The fact that hundreds of ESG funds are still exposed to Adani Green is “surprising,” according to Mohit Mirpuri, a portfolio ...
23h
Adani's bribery scandal raises concern on market, public disclosure lapses
In March, Adani Group's head of corporate finance wrote an email to one of its lenders, calling as "baseless" a media report ...
Opinion
India Today on MSN
30m
Opinion
Opinion: Gautam Adani case turns the spotlight on a divided US judiciary
Gautam Adani, a prominent Indian billionaire with vast business interests worldwide, faces allegations of financial ...
1d
on MSN
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 ...
4m
Adani Group Denies Pact to Operate Kenya's Main Airport Amid Bribery Allegations
Gautam Adanis group denies entering a pact to operate Kenyas main airport, responding to cancellation reports linked to bribery charges.
23m
on MSN
BJP’s victory in Maharashtra Assembly Elections 2024 likely to give Adani breather for Dharavi redevelopment project
Adani plans to transform 620 acres of prime land — nearly three-quarters the size of New York’s Central Park — into a modern ...
1h
on MSN
Adani Group's 11 Public Firms Not Subject To Any US Indictment,' Says Group CFO Jugeshinder Singh
Jugeshinder Singh on Saturday addressed the ongoing controversy surrounding allegations of fraud against the group, ...
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