Tag: Adani US indictment

Adani U.S. indictment: What is the diplomatic impact? Watch Video

November 29, 2024 admin

It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. Remember these are indictments…

World

Adani group stocks recover sharply; Adani Enterprises up 10%

November 27, 2024 admin

Adani Power was nearly 16% up, while Adani Ports and SEZ had risen 7.2% in the morning trade on November 27, 2024. | Photo Credit: Dado Ruvic After getting beaten down on Tuesday, all Adani group stocks recovered sharply on Wednesday (November 27, 2024), with Adani Green Energy Ltd. seeing the first uptick in share…

Business

TotalEnergies pauses business with Adani, says it was not aware of U.S. investigation

November 25, 2024 admin

TotalEnergies purchased a 19.75% stake in Adani Green Energy in January 2021 – after the Indian company won what was then the world’s largest solar order, and just months before the payments to officials were alleged to have begun. | Photo Credit: Reuters French oil major TotalEnergies SE was not informed of a U.S. investigation…

Business

Live tracking Adani Stocks: Adani Group shares plunge after U.S. bribery indictments

November 21, 2024 admin

Adani Group’s plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. In an indictment unsealed by federal prosecutors in New York on Wednesday (November 20, 2024), Gautam…

Business