Major fallout for India's Adani Group after U.S. bribery indictment
Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,
Adani Bribery Scandal: Unveiling the Allegations
The Adani bribery allegations have embroiled the YSRCP regime in Andhra Pradesh and SECI. Accusations allege Gautam Adani of bribing Indian officials for solar power contracts. The Indian group refutes claims amidst investigation by authorities.
Kenya's president cancels major deals with Adani Group
Kenya's President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors. In his state-of-the-nation address on Thursday,
TotalEnergies pauses investments in India's Adani Group after bribery charges
SINGAPORE/SYDNEY, Nov 25 (Reuters) - Adani dollar bond prices fell to almost one-year lows on Monday as investors cut their exposure to the Indian conglomerate in the wake of bribery and fraud allegations from U.S. authorities.
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian billionaire
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men.
Kenya terminates Adani Group deals after US bribery allegations against Gautam Adani
Kenya has terminated two high-profile agreements with India’s Adani Group, intensifying scrutiny on the conglomerate, which is already reeling from allegations of bribery by US authorities.
After Kenya, more countries to scrap deals with Adani Group?
The interim government, headed by Chief Adviser Muhammad Yunus, had formed a committee to review power purchase contracts signed under the Quick Enhancement of Electricity and Energy Supply (Special Provisions) Act,
TotalEnergies pauses funding for Adani Group after bribery charges
French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.
Adani Group deals at risk: How countries have reacted after bribery charges
The recent bribery charges by US authorities, made public last week, have led to several countries revisiting or cancelling deals with the group.
TotalEnergies pledges no new investments in Adani Group following U.S. indictment
TotalEnergies said it will not make any new investments in companies connected to India's Adani Group after the U.S. indicted founder Gautam Adani and other executives.
Gautam Adani Indictment: 5 Things to know about the alleged bribery charges against the billionaire
US prosecutors have charged Indian billionaire Gautam Adani and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India.In the indictment, prosecutors alleged the tycoon and other senior executives had agreed to the payments to Indian officials to win contracts for his renewable energy company,
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Adani Group’s $33 Billion Loss: Global Investors Halt Deals Amid U.S. Bribery Allegations
The Adani Group is currently navigating a major crisis following U.S. allegations of bribery and fraud, which have led ...
Adani Group's troubles keep growing as financial and legal headwinds get stronger
In an escalation of its stateside legal battle, Gautam Adani, chairman of Adani Group, and his nephew, Sagar Adani, were ...
Outlook Business1d
Bangladesh Reviews Power Deals, Including Adani Group Amid US Bribery Case
Bangladesh to review power deals under Sheikh Hasina's leadership, Adani Group scrutinised over unpaid dues and legal issues ...
The Diplomat23h
Why Sri Lanka Must Rethink its Engagement with Adani Group
For the new government, acting upon deals with Adani is more than a legal or economic issue. It is a test of its commitment ...
Another blow for Gautam Adani? Bangladesh seeks review of power deals, including one with Adani Group
In an official statement, Yunus’s office announced that the committee has proposed appointing international legal and ...
Fortune India20h
Adani Green: No new deals with TotalEnergies, growth plans unaffected
French energy giant says it would not make any new financial contribution as part of its investments in Adani companies until ...
Modi's Party Distances Itself From India's Adani Amid Opposition Protests
Police detain a supporter of India's main opposition Congress party during a protest against Indian billionaire Gautam Adani, ...