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Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.
NEW DELHI (AP) — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced.
South Korea's largest K-pop agency Hybe lost over $423 million in market cap on Friday after rookie group NewJeans announced it was terminating its contract with Hybe sub-label ADOR.The announcement, which follows a months-long management dispute between ADOR and Hybe, sent the company's shares plunging as much as 6.97% on Friday.
Adani was charged on November 20 with allegedly paying US$265 million in bribes to officials to develop power supply contracts in Indian states. Global rating agencies. Moody’s and Fitch on Tuesday lowered their outlook for bonds of Adani group companies to negative from stable.
Sri Lanka has opened an investigation into the local investments of India’s Adani Group in the wake of US bribery charges against its tycoon founder, government spokesman Nalinda Jayatissa said on Tuesday.
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Indian superstar Aamir Khan, one of Bollywood’s highest-grossing actors, said he was on the verge of retirement during the global Covid-19 pandemic until his ex-wife forced him to reconsider.
PHNOM PENH, Cambodia (AP) — A prominent Cambodian environmentalist and five others were released on Monday a day after being detained while investigating illegal logging in a national park.