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Search results for: "Gautam Adani". 20 articles found.
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. The tycoon -- a close ally of Hindu nationalist Prime Minister Narendra Modi -- oversees a vast conglomerate encompassing coal, airports, cement and media operations. The US court charges that he paid hundreds of millions of dollars in bribes sent his companies' shares plunging. But Adani has seen off big threats before....
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.
Energy-to-ports billionaire Gautam Adani's net worth took a hammering as shares of his listed companies plummeted after U.S. prosecutors accused him of orchestrating a $250 million bribery schemes.
India's Adani Group has denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani.
This fall is set to be the largest one day fall since the firm's listing on Oct. 2021, should the losses hold.
Shares of India's Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.
NPR - 9 hours 28 min agoOne of the world's richest people has been indicted on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme.
Gautam Adani, a billionaire from India, and seven others are accused of hiding bribes to Indian officials from U.S. investors in a solar energy scheme worth billions of dollars.
ABC News - 11 hours 8 min agoOne of the world's richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme...
Gautam Adani in January. He has been charged with multiple counts of fraud and accused of bribing Indian officials and later lying to investors about the scheme.
Gautam Adani, India's second-richest person, has been charged by U.S. federal prosecutors with fraud on accusations that he and several alleged co-conspirators sought to pay $250 million in alleged bribes to Indian officials.
Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.
Financial Times - 13 hours 20 min agoAlso in today's newsletter, Hong Kong media tycoon Jimmy Lai denies foreign collusion, and Ukraine fires British Storm Shadow missiles into Russia...
The US Attorney's Office in Brooklyn said Gautam Adani and two others agreed between 2020 and 2024 to pay more than $250 million in bribes to Indian government officials to obtain solar energy supply contracts...
Financial Times - 14 hours 7 min agoBillionaire accused of multimillion-dollar scheme to bribe Indian government officials for lucrative contracts...
Prosecutors accused Adani of planning to bribe Indian government officials to help seal "contracts worth billions of dollars."...
Indian chair of Adani Group, worth about $85bn, accused of agreeing to pay bribes to obtain solar energy contracts Gautam Adani, one of the world's richest men, has been indicted in New York over an alleged multi-billion-dollar scheme to pay $250m in bribes and conceal the scheme from US investors. Prosecutors charged the chair of Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud. Continue...
US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
Boston Herald - 14 hours 24 min agoGautam Adani was charged with securities fraud and conspiring to commit securities and wire fraud.
ABC News - 14 hours 36 min agoUS prosecutors charge billionaire Gautam Adani with defrauding investors, concealing scheme to bribe officials in India...
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