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After US indicts Gautam Adani in alleged bribery case, Adani group stocks' combined mcap erodes by Rs 245000 crore
Credit: DNA- Published on November 21, 2024
The combined market capitalisation (mcap) of all the ten listed group firms eroded by Rs 2,45,016.51 crore during the morning deals.
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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