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Adani Green's CFO downplays US bribery charges

Adani CFO Says US Charges Linked to Only One Business Contract

NEW DELHI (Reuters) -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.

WION on MSN · 3h

Adani Green’s CFO downplays US bribery charges, says allegations linked 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.

The Kenya Times on MSN · 4h

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,

Adani Group could find funding harder

Reuters on MSN · 1h

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 Gazette · 1d

Adani Group funding in focus after US indictment against founder

Bonds issued by the Adani Group dropped sharply for a second day on Friday, although some of its shares stabilised after steep losses the previous day following news of the warrant. Some global banks are considering temporarily halting fresh credit to the Adani Group but maintaining existing loans after the U.

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 · 2d

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 · 15h

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.

Fortune on MSN · 1d

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth.

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 ...

22hon 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 ...

CPI(M) demands cancellation of power contracts with Adani Group

CPI(M) activists protest Adani Group's electricity contracts, demand arrest of Gautam Adani for alleged kickbacks in India.

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 ...

devdiscourse22h

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 ...

1hon MSN

Adani Group's 11 Public Firms Not Subject To Any US Indictment,' Says Group CFO Jugeshinder Singh

Jugeshinder Singh on Saturday addressed the ongoing controversy surrounding allegations of fraud against the group, ...

From Australia to Israel, Adani Group projects span the globe

Two major Adani Group projects in Kenya were scuttled after its founder Gautam Adani was indicted by U.S. prosecutors over ...

National Herald3h

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 Green's CFO downplays US bribery charges

Adani Group could find funding harder

Adani Group, India

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