US SEC charges Gautam Adani, 7 others in alleged bribery, fraud scheme

Quick Summary:

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

The US Securities and Exchange Commission filed related civil charges against Gautam Adani, Sagar Adani and Cabanes.

The charges were announced hours after Adani on Wednesday raised $600 million from a sale of 20-year "green" bonds.

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaSingaporeUnited States

Topics: Bribery Gautam Adani Adani Group Fraud Govt officials US SEC Solar energy supply contracts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 06:16:23 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23726178

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Year Established: 1975

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News Last Updated: 3 hours ago

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