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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 group's CFO said on Saturday.
NEW DELHI — Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) has accused the State Department and "deep state" elements in the US of trying to destabilise India in conjunction with a group of investigative journalists and opposition leader Rahul Gandhi.
The recent allegations by US prosecutors highlight jurisdictional complexities of charging a person living in another country with an alleged crime committed there.
Shares of major Adani Group investor GQG Partners fell as much as 15.74% on Monday after Swiss bank UBS downgraded the stock from a "buy" to "neutral" on Friday.
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.
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.
Shares in India's Adani Group climbed further on Friday, resuming a multi-day rally on the back of the group's statement refuting bribery charges against its billionaire chairman, Gautam Adani.
NEW DELHI (AP) — India’s Parliament was disrupted for a third day Thursday by opposition parties protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes.
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.