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, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme.
What you need to know about Adani's U.S. bribery indictment
Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, sending shockwaves across his eponymous $142 billion ports-to-soybeans business conglomerate.
Everything we know about US indictment of Indian billionaire Gautam Adani
Federal prosecutors in Brooklyn, New York, unsealed the five-count indictment on Wednesday, alleging Mr Adani and seven other associates, including nephew Sagar Adani, bribed Indian public officials,
Adani Group's funding needs in focus after founder's U.S. indictment
The Adani Group's access to funding could be hampered after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged $265 million bribery scheme, credit analysts said.
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,
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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 ...
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'In August 2024, company had...' - Adani Group on reports of Kenya dropping $2.5 billion deals after US indictment
Adani Group companies on Saturday issued a clarification on media reports claiming that Kenya has dropped over $2.5 billion ...
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.
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 ...
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 ...
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Sri Lanka ‘should be vigilant’ about Adani power deal following US indictment, say experts
Sri Lanka should be vigilant about the Adani power project in the island, experts said, after Federal prosecutors in New York ...
Gautam Adani's associates used Excel and PowerPoint to discuss their bribe options in a $250 million scheme, prosecutors say
Federal prosecutors said a consultant created multiple presentations, including one discussing how to reimburse Adani for the ...
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On the BRInk: Adani indictment a blow to India’s infrastructure diplomacy
Gautam Adani, once hailed as India's infrastructure champion, faces allegations of bribery in a US court. The charges, ...
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam ...
Indian billionaire Gautam Adani's companies' stocks are crashing after he was indicted on bribery charges
New York prosecutors said billionaire Gautam Adani and seven of his execs paid massive bribes to the Indian government and ...
Adani CFO says US charges linked to only one business contract
A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up ...