Adani stocks in focus after Gautam Adani indicted in US over role in alleged bribery, fraud

Stocks of Adani Group companies are expected to attract attention on Thursday following reports that Gautam Adani, the head of India's Adani Group, along with seven others, faces charges in the United States related to a multibillion-dollar bribery and fraud scheme.

21 Nov 2024 8:06 am

Gautam Adani indicted in US over role in alleged bribery, fraud

Gautam Adani, chairman of Adani Group, and seven others, including his nephew, face charges in New York for an alleged multibillion-dollar bribery scheme. Prosecutors allege they bribed Indian officials to secure solar energy contracts, potentially yielding $2 billion in profit. The Adanis allegedly hid the corruption to secure loans and bonds. Arrest warrants have been issued.

21 Nov 2024 6:01 am