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,
Bloomberg L.P.13h
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 ...
Adani Group's 11 Public Firms Not Subject To Any US Indictment,' Says Group CFO Jugeshinder Singh
Jugeshinder Singh on Saturday addressed the ongoing controversy surrounding allegations of fraud against the group, ...
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 ...
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 ...
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'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 ...
Why This U.S. Indictment Has Billionaire Adani's Conglomerate Facing Major Setbacks | Forbes Topline
A day after billionaire Gautam Adani was indicted in a major bribery case in the U.S., his conglomerate faced a series of ...
Indian Billionaire Adani Down Again, But Not Out
Indian billionaire Gautam Adani's feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts believe the tycoon will bounce back.
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 ...
Billionaire Adani’s Conglomerate Faces Scrutiny And Setbacks Around The World Amid U.S. Indictment
Adani’s indictment has triggered a political furor in India, with opposition leaders calling for Adani’s immediate arrest as ...
Adani CFO Defends Against US Charges, Says Linked to One Business Contract
NEW DELHI (Reuters) - A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green ...
Gautam Adani, Sagar Adani summoned by US SEC to explain their stand: Report
Adani Group Chairman Gautam Adani and his nephew Sagar Adani have been reportedly summoned to explain their stand on the US ...