Adani Stocks Plunge After US Charges For Bribery, Fraud

Quick Summary:

Group's shares sink after Indian billionaire and seven others were indicted by US prosecutors over an alleged $265m bribery scheme for solar contracts

The post Adani Stocks Plunge After US Charges For Bribery, Fraud appeared first on Asia Financial.

In January 2023, the US-based short-seller Hindenburg Research accused Adani Group of using offshore tax havens improperly, a charge the company denied.

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Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaIndiaSingaporeThailand

Topics: Energy ESG Energy Insights Capital Markets Asia Market Insights World Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 07:30:36 (4 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 778 words

Reading Time: 5 minutes read

Sentences: 44 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Asia Financial

News ID: 23821451

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