Gautam Adani Faces US Fraud and Bribery Charges Amidst Denials
TL;DR Summary
Indian billionaire Gautam Adani has been charged with fraud in the US, accused of orchestrating a $250 million bribery scheme to secure contracts for his renewable energy company. The charges have led to a significant drop in Adani Group's stock prices and halted a $600 million bond offering. The allegations follow a 2023 report by Hindenburg Research accusing the group of stock manipulation and fraud, which Adani denied. The case has sparked political controversy in India, with opposition leaders demanding action against Adani and questioning his ties to Prime Minister Narendra Modi.
- Gautam Adani: US charges Indian billionaire with fraud BBC.com
- Adani Group slams 'baseless' New York fraud and bribery charges CNBC
- US charges Gautam Adani, one of world’s richest people, with fraud The Hill
- Arrest warrant issued against Gautam Adani in New York for alleged bribery: What this means, what happens next The Indian Express
- Indian tycoon Gautam Adani charged in US over $265 million bribery scheme Reuters
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