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Moody's to evaluate Adani Group's governance amid bribery allegations
Credit: IndiaTimes- Published on November 21, 2024
Moody's Ratings has put the Adani Group's governance practices under scrutiny following bribery allegations against chairman Gautam Adani. US prosecutors allege Adani's involvement in a $250 million bribery scheme to secure favorable solar contracts. Moody's is assessing the conglomerate's capital access and liquidity in light of...
Video credit: Oneindia
Published on November 21, 2024 - 03:06
BREAKING: US authorities accuse the Adanis of a $265 million bribery scheme to secure loans.
The US has issued arrest warrants for Gautam and Sagar Adani over a $265 million bribery and fraud scheme. The Adani Group is accused of concealing corruption to raise billions in loans while securing energy contracts. The case also involves international defendants, including Australian businessman Cyril Cabanes, and violates the US Foreign Corrupt Practices Act. The controversy adds to scrutiny over the group's controversial projects like the Carmichael coal mine.
#Adani #Bribery #Fraud #USWarrants #CarmichaelMine #Corruption #EnergyContracts #GlobalInvestigation #USWarrants #Oneindia #OneIndiaNews
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