Posts by tag: Gautam Adani

Adani Group Faces Major Setback with Rs 2 Lakh Crore Loss in Market Value Amidst Allegations
Dec, 15 2024

Adani Group Faces Major Setback with Rs 2 Lakh Crore Loss in Market Value Amidst Allegations

Ronan Ashford
0
Adani Group companies suffered massive losses, shedding Rs 2 lakh crore in market value, amid bribery charges from US authorities against chairman Gautam Adani and associated entities. The stock market volatility impacted various Adani firms and led to a significant decline in the wealth of Gautam Adani, further affecting the broader Indian stock indices and creating wider implications for investors.
Gautam Adani Faces U.S. Charges Over Alleged Massive Bribery and Fraud Scheme
Dec, 9 2024

Gautam Adani Faces U.S. Charges Over Alleged Massive Bribery and Fraud Scheme

Ronan Ashford
0
Gautam Adani, alongside several executives, faces serious allegations of defrauding investors and bribing officials in a large-scale scheme. The charges involve deceptive practices to obtain funds and contracts, with penalties being sought by the SEC. Investigations reveal efforts to obstruct justice, highlighting the reach of the alleged $250 million bribery saga.

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