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Factbox-Major fallout for India's Adani Group

Factbox-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,

The Associated Press on MSN · 21h

India’s opposition protests against Gautam Adani as billionaire faces US bribery and fraud charges

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

CNBC on MSN · 2d

Adani's indictment: How one of India's biggest empires descended into chaos

The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

India's Andhra Pradesh mulls next steps on Adani

Reuters on MSN · 7h

India's Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States,

Hindustan Times on MSN · 1h

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.

India Today on MSN · 2h

Andhra minister considers scrapping Adani deal, says digging into files: Report

The development comes in the wake of bribery and fraud charges against Adani Group chairperson Gautam Adani and his associates by US prosecutors.

18h

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 ...

Gautam Adani Bribery Case: Adani Wilmar Likely To Defer Stake Sale Amid US Bribery Allegations; Reports

Adani Enterprises Ltd and Wilmar International Ltd are reportedly postponing a planned sale of at least 12% in their joint ...

22h

Breakingviews: Adani presents India with big financing ultimatum

The country’s government may need to nudge local lenders to support the growth of the billionaire’s infrastructure ...

ABC News4d

US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men

Adani, a major power player in India perceived as close to Prime Minister Narendra Modi, was charged Wednesday with securities fraud and conspiracy to commit securities and wire fraud at a court ...

Newsweek5d

Billionaire Gautam Adani Charged With Defrauding Investors

Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.