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ADANI GROUP
Shares of Adani Group’s listed companies tumbled sharply on Thursday after U.S. prosecutors indicted founder Gautam Adani on allegations of a $250 million bribery scheme.
Amid a widening US probe, Adani Group's dollar bonds suffered a significant decline, marking the sharpest drop in six months. Reports of potential bribery allegations led to losses in most group shares. The Adani Group refuted allegations, emphasizing compliance with anti-corruption laws.
Gautam Adani has dropped out of the top 10 richest persons in the world and may soon lose his title as Asia's richest person
Indian billionaire Gautam Adani has hit back at a report that accused his company Adani Group of account manipulation and accounting fraud.
The shares of Adani Group plummeted on Wednesday morning after activist investing company Hindenburg Research accused it of fraud
Gautam Adani, the owner of the infrastructure conglomerate, Adani Group, endured record losses as a result of the...