Factbox-Major fallout for India's Adani Group

Factbox-Major fallout for India's Adani Group after U.S. bribery indictment
Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,
India’s opposition protests against Gautam Adani as billionaire faces US bribery and fraud charges
Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.
Adani's indictment: How one of India's biggest empires descended into chaos
The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.
Indian shares subdued as Adani firms fall on implications of US indictments
By Bharath Rajeswaran (Reuters) -Indian shares fell on Tuesday, pressured by Adani Group stocks' decline on worries about the implications of the alleged bribery charges against their key executives in the U.
Shares in India’s Adani Group plunge 20% after US bribery, fraud indictments
One of Asia’s richest men, controversial Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges
CNBC's Inside India newsletter: Gautam Adani's U.S. fraud charges could have wider repercussions for India
U.S. prosecutors allege that Gautam Adani, the second most-wealthy Indian man, personally met with Indian government officials to further their “bribery scheme.”
Major fallout for Adani Group after US bribery indictment
Following U.S. bribery charges against Gautam Adani, several nations and investors have paused or scrapped deals with the Adani Group. TotalEnergies halted investments, and the U.S. International Development Finance Corp is reviewing a $550 million Sri Lanka port project.
US SEC issues summons for India's Adani, nephew on bribery allegations
The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on U.S. bribery allegations related to a bombshell federal indictment against him, a court filing showed.
India’s Adani Group Mess Is Terribly Timed For Modi’s Economy
News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime ...
Breakingviews: Adani presents India with big financing ultimatum
The country’s government may need to nudge local lenders to support the growth of the billionaire’s infrastructure ...
From the Urdu Press: ‘INDIA bloc defeat after defeat… it needs to learn the lessons’, ‘Is Adani above Indian law?’
The BJP could script this victory riding on not just its Hindutva plank, but also because of the Mahayuti government’s ...
ABC News4d
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Adani, a major power player in India perceived as close to Prime Minister Narendra Modi, was charged Wednesday with securities fraud and conspiracy to commit securities and wire fraud at a court ...
The Independent3d
Everything we know about US indictment of Indian billionaire Gautam Adani
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. From reproductive rights to climate change to Big Tech, The ...
Newsweek5d
Billionaire Gautam Adani Charged With Defrauding Investors
Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.
energy.economictimes.indiatimes2h
Adani Green issues clarification on TotalEnergies’ statement; says no material impact on growth plan
Adani Green Energy (AGEL) on Tuesday issued an official clarification in connection with TotalEnergies’ statement on its ...
Adani Shares Drew Retail Investors Just Before US Probe Pullback
India’s retail investors increased their holdings in the Adani Group prior to the shock bribery charges by US authorities ...