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Adani Bribery Fallout: Cancellations and Dropped Investments
Internationally, the crisis has led to significant setbacks for Adani’s global operations. Kenyan President William Ruto recently canceled a procurement process that was set to award control of Kenya’s main airport to Adani, while a committee in Bangladesh has called for a thorough legal review of Adani’s power generation contracts in the country.
Major fallout for India's Adani Group after U.S. bribery indictment
Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,
Adani Group's Financial Turmoil Deepens Amidst Bribery Allegations
Adani Group, led by billionaire Gautam Adani, faces increased scrutiny as U.S. bribery allegations lead to credit downgrades. The allegations involve a $265 million scheme linked to Indian power projects,
Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?
The AP government says it is ‘digging into all the internal files’ from the previous administration. This move comes days after the US Securities and Exchange Commission (SEC) indicted Gautam Adani, Sagar Adani,
Andhra Pradesh reviews possibility of scrapping Adani power deal: Report
US authorities have charged Gautam Adani and seven others for allegedly paying $265M in bribes to Indian officials to secure solar power contracts in 2021-2022.
18h
on MSN
Adani Group's troubles keep growing as financial and legal headwinds get stronger
In another blow to the conglomerate, French energy giant TotalEnergies, on Monday suspended new investments linked to Adani ...
10m
As Adani Group stocks wobble, investors take fewer chances
Shares of all the 11 listed companies ended lower on Tuesday, falling between 1% and 7% after Fitch Ratings put some Adani ...
1d
on MSN
Adani Green plunges 11% after TotalEnergies says it will make no new financial contribution to Adani Group investments
Shares of Adani Green Energy plunged 11.3% on Monday after TotalEnergies SE said it would not make any new financial ...
16h
on MSN
Fitch Ratings Says It May Cut Some Adani Group Bonds to Junk Status
The U.S. rating company said it will monitor the U.S. investigations closely, the outcome of which could reflect ...
GlobalData on MSN
1d
Adani Group faces human rights complaint in Australian coal unit
The complaint alleges Adani staff blocked Aboriginal group access to springs near Queensland's Carmichael coal mine.
1d
India’s Adani Group Mess Is Terribly Timed For Modi’s Economy
News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime ...
1d
Adani Group Says Its Companies Have Enough Cash to Meet Debt Payments
Adani Group said its companies have enough cash to meet debt obligations, days after a U.S. indictment against founder Gautam ...
GlobalData on MSN
1d
TotalEnergies halts new financial contributions to Adani Group
French-based TotalEnergies has announced a suspension of new financial contributions to the Adani Group of companies ...
5d
on MSN
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 ...
The Hindu
5h
Moody’s, Fitch take negative rating actions on Adani group
In a torrid Tuesday for the
Adani
group
, hit by a U.S. Court indictment of promoter Gautam
Adani
and
group
employees ...
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