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Adani Group could find funding harder

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.

The Kenya Times on MSN · 2h

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,

The Economic Times on MSN · 1d

Adani's troubles: Global banks weigh halting fresh credit to Adani after U.S. indictment

Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones.

Adani Group, India

Newsweek on MSN · 1d

Adani Group Shares Tumble 20% After US Bribery Indictment

Gautam Adani, one of Asia's richest men, is accused of paying millions to Indian government officials to get solar energy contracts.

The Associated Press on MSN · 13h

India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges

The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.

The Financial Times · 1d

US indictment of Gautam Adani puts India Inc’s reputation on trial

US criminal and civil charges accusing the group’s founder Gautam Adani of involvement in a $265mn bribery scheme have startled Indian businesspeople and given potent ammunition to Modi’s parliamentary opponents.

Adani CFO says US charges linked to only 1 business contract

Reuters on MSN · 6h

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 some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing,

The Kenya Times on MSN · 2h

Adani Group CFO Clarifies Deal That Led to Indictment in the US

WION on MSN · 3h

Adani Green’s CFO downplays US bribery charges, links allegations to a single contract

On Wednesday, Adani, one of the world’s wealthiest individuals, and seven others were charged by US prosecutors in connection with a $265 million scheme to bribe Indian officials for power-supply contracts.

20hon MSN

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 ...

Adani Group firms' shares fall for second session after US indictments

Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate ...

Deccan Herald23m

Ex IAS officer Sarma flays SEBI for not taking action against Adani Group

Sarma observed that both the US District Court and the SEC being judicial authorities in the USA, the latter being the ...

2don MSN

Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York

Shares of India’s Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal ...

1don MSN

Adani Group stocks, bonds fall for a second day after founder's US indictment

By Scott Murdoch and Tom Westbrook (Reuters) -Stocks and bonds of India's Adani Group dropped for a second session on Friday ...

devdiscourse20h

Scandal Unfolds: Alleged Bribery Ties YSRCP and Adani Group

Andhra Pradesh CM N Chandrababu Naidu announced possessing US chargesheet reports on alleged bribery involving the YSRCP and ...

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 ...

National Herald1h

Adani Group CFO says wasn't aware of the 'specificity'

Adani Group CFO Jugeshinder Robbie Singh reveals he was aware "that something is afoot" but wasn't made aware of the ...

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Adani Group could find funding harder

Adani Group, India

Adani CFO says US charges linked to only 1 business contract

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