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Adani Green's CFO downplays US bribery charges

Adani CFO Says US Charges Linked to Only One Business Contract

NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.

WION on MSN · 3h

Adani Green’s CFO downplays US bribery charges, says allegations linked to a single contract

On Wednesday, Adani, one of the world’s wealthiest individuals, and seven others were charged by US prosecutors in connection with a $265 million scheme to bribe Indian officials for power-supply contracts.

The Kenya Times on MSN · 5h

Adani Group CFO Clarifies Deal That Led to Indictment in the US

Adani Group has cleared the air on the indictment of Indian billionaire Gautam Adani by a federal grand jury in the United States over fraud allegations. In a statement on Saturday, October 23, Adani Group Chief Financial Officer (CFO) Jugeshinder Robbie Singh explained that the charges against Adani are related solely to one of its companies,

Adani Group could find funding harder

Reuters · 23h

Adani Group could find funding harder after US indictment as banks review credit

Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme.

The Gazette · 1d

Adani Group funding in focus after US indictment against founder

Bonds issued by the Adani Group dropped sharply for a second day on Friday, although some of its shares stabilised after steep losses the previous day following news of the warrant. Some global banks are considering temporarily halting fresh credit to the Adani Group but maintaining existing loans after the U.

The Economic Times on MSN · 1d

Adani's troubles: Global banks weigh halting fresh credit to Adani after U.S. indictment

Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones.

Adani Group, India

Newsweek on MSN · 2d

Adani Group Shares Tumble 20% After US Bribery Indictment

Gautam Adani, one of Asia's richest men, is accused of paying millions to Indian government officials to get solar energy contracts.

The Associated Press on MSN · 16h

India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges

The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.

Fortune on MSN · 1d

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth.

2hon MSN

Adani Group's 11 Public Firms Not Subject To Any US Indictment,' Says Group CFO Jugeshinder Singh

Jugeshinder Singh on Saturday addressed the ongoing controversy surrounding allegations of fraud against the group, ...

Adani Group firms' shares fall for second session after US indictments

Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate ...

23hon MSN

Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon

Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam ...

38m

Adani Group Denies Pact to Operate Kenya's Main Airport Amid Bribery Allegations

Gautam Adanis group denies entering a pact to operate Kenyas main airport, responding to cancellation reports linked to ...

2don MSN

India's Adani Group sees $30 billion in value wiped off after US indictments

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors ...

devdiscourse23h

Scandal Unfolds: Alleged Bribery Ties YSRCP and Adani Group

Andhra Pradesh CM N Chandrababu Naidu announced possessing US chargesheet reports on alleged bribery involving the YSRCP and ...

National Herald4h

Adani Group CFO says wasn't aware of the 'specificity'

Adani Group CFO Jugeshinder Robbie Singh reveals he was aware "that something is afoot" but wasn't made aware of the ...

Adani Group’s Coal Unit Faces Racial Discrimination Complaint in Australia | N18 G

India's Adani Group, whose billionaire chairman has been indicted for fraud by U.S. prosecutors, is facing accusations of ...

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Adani Green's CFO downplays US bribery charges

Adani Group could find funding harder

Adani Group, India

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