Tag: bribery charges

Adani Shares Plummet After Gautam Adani Faces US Indictment on Bribery Charges

Gautam Adani and top executives face US charges for a bribery scheme involving $265 million to secure profitable contracts. Despite Adani Group's denial of allegations, the news caused a sharp dip in their stock prices. The case sheds light on the complexity of the alleged scheme and its repercussions on global markets.

Gautam Adani Faces Serious Legal Challenges: U.S. Indictment and Bribery Allegations

Gautam Adani, an influential Indian billionaire and chairman of the Adani Group, has been implicated in a serious U.S. indictment alleging bribery and fraud. The charges claim Adani and other executives conspired to pay substantial bribes to secure key contracts for Adani Green Energy. The indictment is accompanied by SEC civil actions, underscoring global efforts to tackle corruption affecting U.S. markets.