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BIZARRE: 2 | Mind Blowing Facts

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

Fortune

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments

Asia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight

The Independent UK

US charges Indian billionaire Gautam Adani with bribery and fraud

Modi ally accused of orchestrating bribery scheme to secure lucrative renewable energy contracts in India

The Independent UK

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Why Is Indian Tycoon Gautam Adani Facing US Bribery Charges?

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.

International Business Times

India Opposition Leader Demands Tycoon Adani's Arrest After US Charges

Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday.

International Business Times

Adani’s US ‘arrest warrant’ over bribery: Foreign media points to ‘text trail, ties with Modi’

Update: At 1:41 pm on November 21, 2024, Adani Group-owned NDTV Profit published a report saying that the conglomerate denies the allegations against it and will seek legal recourse.

Newslaundry

Gautam Adani: Billionaire Indian Tycoon Facing US Bribery Charges

Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world's great survivors.

International Business Times

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Adani indicted in US for $265 million bribery scheme in solar energy contracts

Adani Group founder Gautam Adani and seven others, including his nephew Sagar Adani, have been indicted in New York over serious charges of alleged bribery and securities fraud related to solar energy projects in India.

Newslaundry

A billionaire titan and the former third-wealthiest person in the world was just charged in a mammoth $2 billion bribery scheme

The alleged plot involved code names, PowerPoints, and bribe notes as a way to pay out hundreds of millions in bribes to government officials, authorities alleged.

Fortune

Indian billionaire Gautam Adani charged in US for alleged bribery, fraud

One of the richest people in the world, Gautam Adani, was indicted over an alleged multibillion-dollar fraud scheme.

Al Jazeera

Indian Magnate Gautam Adani Charged In US Over Massive Bribery Scheme

Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday.

International Business Times

Billionaire Gautam Adani charged in US over alleged $250m bribery plot

Indian chair of Adani Group, worth about $85bn, accused of agreeing to pay bribes to obtain solar energy contracts

The Guardian - UK

Adani in Dharavi: Politics, real estate and fight for survival

Dharavi’s redevelopment is now a focal point in Maharashtra’s election politics, with Adani Group’s plans raising concerns about displacement and prioritisation of profit over people.

Newslaundry

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

Newslaundry

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The Conversation

Kenyans stand to lose from Adani airport deal: finance guru explains why

The proposal submitted early this year by Indian conglomerate Adani Group to Kenya Airports Authority to develop and renovate parts of Jomo Kenyatta International Airport has recently been made public.

Newslaundry

Adani proxy’s $311 million frozen by Swiss authorities

Over the last three years, the Swiss authorities have frozen US $311 million (Rs 2,610.7 crore) belonging to a prominent associate of the Adani group for his role in money laundering, manipulation of the group’s stocks in the Indian markets, and forgery.

The Guardian - UK

Save the Children pulls out of Science Museum event over sponsor concerns

Move follows London museum’s links to Adani Group, which has partnership with Israeli arms manufacturer

Top News

Adani Group Faces Market Turmoil Amid Allegations

Adani Group faces billion losses after Hindenburg Research's accusations of offshore fund links.

The Times of India

Hindenburg made just $4 million from $153 billion Adani rout

It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.

The Times of India

Hindenburg lashes out on Sebi over Adani report

Hindenburg Research called out the Securities and Exchange Board of India(Sebi) for failing to address the fraud it alleged in a short-selling report on the Adani Group early last year, after receiving a notice from the regulator in June.

Dynamite News

Paytm denies media report on stake sale to Adani Group, terms it "Speculative"

Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this regard. Read further on Dynamite News:

Newslaundry

New evidence bolsters allegations Adani Group overcharged for coal

On January 9, 2014, the bulk carrier MV Kalliopi L docked at Ennore port in Chennai, the southern Indian city in Tamil Nadu, after a fourteen-day voyage from Indonesia. It carried 69,925 metric tons of coal destined for the state’s power company.

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