No respite! Adani Group stocks plunge up to 11% as Kenya cancels deals after US charges against Gautam Adani

Credit: IndiaTimes- Published on November 22, 2024
Adani Group stocks continued to fall for a second day, with Adani Enterprises and Adani Ports experiencing significant drops. This comes amidst accusations of bribery by U.S. prosecutors, which the Adani Group denies.

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 ~HT.318~PR.362~ED.346~GR.122~

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