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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,

The Associated Press on MSN · 22h

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.

CNBC on MSN · 2d

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.

Bloomberg L.P. · 5d

Adani Indictment Taints India’s Green Pitch to the World

A US indictment threatens Indian tycoon Gautam Adani’s efforts to redefine himself as a clean-power champion and secure overseas financing for projects vital to the nation’s energy transition.

Associated Press on MSN · 4d

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 on MSN · 4d

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.”

Reuters on MSN · 4h

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.

The Economic Times on MSN · 2h

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.

The Gazette · 1d

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.

Andhra Pradesh mulls next steps on Adani

Reuters on MSN · 8h

India's Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States,

Live Mint on MSN · 36m

Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?

The AP government says it is ‘digging into all the internal files’ from the previous administration. This move comes days after the US Securities and Exchange Commission (SEC) indicted Gautam Adani, Sagar Adani,

Hindustan Times on MSN · 2h

Andhra Pradesh reviews possibility of scrapping Adani power deal: Report

US authorities have charged Gautam Adani and seven others for allegedly paying $265M in bribes to Indian officials to secure solar power contracts in 2021-2022.

19h

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 ...

23h

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 ...

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.