US charges Gautam Adani, one of world's richest people, with fraud
Indian businessman Gautam Adani, one of the world's richest men, has been indicted by the United States on fraud charges. Adani is accused of defrauding investors by concealing that his company's massive solar energy project was backed by bribery allegations, the Associated Press reported. The federal indictment was unsealed Wednesday. He was charged with securities […]
Gautam Adani loses another $2.4B after new Hindenburg allegations
Adani Group, the Indian conglomerate that was rocked by a Hindenburg Research report last year, faced another major sell-off in its shares on Monday after short sellers accused the head of India’s markets regulator of having ties to an offshore fund also used by the group. By the close of trading, the market capitalization of […]
Gautam Adani probed by feds over over potential bribery: report
The US has widened its investigation into India’s Adani Group, focusing on the conduct of founder Gautam Adani and whether the company may have been involved in bribery. Bloomberg News reported Friday. The report, citing people with direct knowledge of the matter, said prosecutors are investigating whether Adani’s entities or people associated with the company, […]