Indian banks are reviewing their exposure to Adani and whether they need to tighten due diligence, eight bankers said on Thursday, after US authorities charged the group’s billionaire founder Gautam Adani over an alleged $265 million bribery scheme. Meanwhile, Adani Group’s listed shares, which at one point saw it lose as much as $34 billion … Read more
NEW YORK: In June 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the largest single solar development bid ever: an agreement to supply a state-owned energy company with 8 gigawatts of electricity. But there was a problem. Local energy companies did not want to pay the prices offered … Read more
NEW YORK: Gautam Adani, the billionaire chairman of India’s Adani Group and one of the world’s richest people, has been indicted in New York for his role in an alleged multi-billion-dollar bribery and fraud scheme, US prosecutors said on Wednesday. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay … Read more