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U.S. prosecutors finally dropped the hammer on billionaire Gautam Adani: he's been charged with helping to drive a $250 million scheme to bribe Indian government officials to win solar energy contracts. It's been almost two years since Hindenburg Research published its exhaustive report alleging the Adani Group had engaged in long-running accounting fraud. In the months after the report, I co-wrote a series of stories exploring the group's accounting and auditing that raised questions about its hard-charging ways of doing business. https://lnkd.in/gCPqxYbT https://lnkd.in/gZ9QBcVp https://lnkd.in/g-5Bm4Er https://lnkd.in/gEKdNBEn (Obvious disclaimer that Adani maintains that he and his corporate group has done nothing wrong.)

Adani Shares Plunge Over 25%: Here’s the Simplest Explanation What Happened? 1. Adani Secured Solar Contracts: Adani recently won several solar project contracts in India. 2. Funding Needed: To execute these projects, Adani raised $3 billion from US markets via bonds. 3. The Problem Begins: A legal case was filed against Adani in the US. The Allegations 4. The Accusation: Adani is accused of bribing Indian officials to secure these contracts. 5. How Much? Allegedly, $250 million (₹2000 crores) was paid in bribes. 6. Why in the US? While raising funds, Adani allegedly failed to disclose this bribery to US investors. Why This Matters 7. Violation of US Law: Non-disclosure is considered “deceiving US investors.” 8. Regulator Involvement: The US SEC (like SEBI in India) has also accused Adani of misleading investors. What’s Next? Potential Fallout • Funding Challenges: Adani may face difficulties raising money in the US for future projects. • Legal Trouble: A tough legal battle in the US seems inevitable. • Increased Scrutiny: This incident could lead to stricter international oversight of Indian businesses. Adani now faces significant challenges both in the US and globally. #adani #nifty #stockmarket #adanigroup

Adani Group stocks and bonds nosedived on November 21 after US prosecutors charged founder Gautam Adani and key executives with bribery, fraud, and evidence tampering in a $250 million scheme to secure solar energy contracts in India. Adani Enterprises, Adani Green Energy, and Adani Energy Solutions saw shares drop 10-20%, while dollar bonds also faced steep declines. The SEC has also filed a civil lawsuit against the group, adding to the growing legal pressure. These allegations come as the group works to reduce debt and rebuild investor confidence after the Hindenburg controversy earlier this year, which wiped out over ₹12 lakh crore in market value. By Hitanshi Kothari Article link - https://lnkd.in/dtxhRWbn #AdaniGroup #StockMarket #BriberyCharges #GautamAdani #FinancialNews #InvestmentRisk #MarketVolatility #CorporateGovernance #EthicalInvesting #BusinessIntegrity #TeamMarksmen #MarksmenDaily #InFocus

Adani Shares Plunge Over 25% Today: Here’s the Simplest Explanation 1️⃣ Adani Secures Solar Contracts Adani won several significant solar project contracts in India. 2️⃣ Funding the Projects To execute these projects, Adani raised $3 billion from US markets through bonds. 3️⃣ The Allegations A lawsuit has been filed against Adani in the US. 4️⃣ The Accusation Adani is accused of bribing Indian officials with $250 million (₹2000 crores) to secure these contracts. 5️⃣ Why a Case in the US? The alleged non-disclosure of this bribery to US investors while raising funds is being seen as deception. 6️⃣ SEC Involvement The US Securities and Exchange Commission (SEC) has also accused Adani of these violations. What Could Happen Next? -Fundraising Challenges: Raising funds from US markets could become extremely difficult for Adani in the future. -Legal Battle: A potential long and intense legal battle awaits in the US courts. -Increased Scrutiny: Indian businesses might face higher international scrutiny going forward. Final Thought: While we aspire for Indian businesses to thrive and dominate globally, ethical practices and transparency must remain non-negotiable. 💬 What are your thoughts on this? Let’s discuss in the comments! #Adani #StockMarket #IndianBusiness #Transparency #EthicsInBusiness #USMarkets #GlobalEconomy #Investing #SECCase #AdaniShares

Adani Group Shares Plummet After U.S. Indicts Gautam Adani in $250 Million Bribery Case Shares of Adani Group companies fell sharply on November 21, following the indictment of founder Gautam Adani by U.S. prosecutors for allegedly orchestrating a $250 million bribery scheme to secure solar energy contracts in India. Stocks dropped between 10% and 20%, with Adani Enterprises hitting a lower circuit at Rs 2,539.35. The indictment claims Adani and associates hid payments from investors and obstructed justice. Additionally, the group's dollar bonds experienced significant declines, marking the steepest drop since the Hindenburg report in early 2023. #AdaniGroup #GautamAdani #Hindenburgreport  #AdaniEnterprises #wno #wnoheadlines #wnonews

🚀 The combined market capitalization of 10 listed Adani Group firms jumped nearly Rs 1.22 lakh crore on November 27. ✨ The recovery came after the conglomerate stated that there were no bribery charges against Gautam Adani and other group executives. 💫 On Wednesday, the market capitalization of Adani Group companies increased to Rs 12.61 lakh crore from Rs 11.39 lakh crore on Tuesday. 👉 “Gautam Adani, Sagar Adani, and Vneet Jaain have not been charged with any violation of the FCPA (Foreign Corrupt Practices Act) in the counts set forth in the indictment of the United States Department of Justice (DOJ) or the civil complaint of the US Securities and Exchange Commission (SEC),” Adani Green Energy Ltd. (AGEL) informed stock exchanges. 📜 With a rally of 19.76%, Adani Total Gas surged the most. It was followed by Adani Power (up 19.66%), Adani Enterprises Limited (up 11.56%), Adani Energy Solutions Ltd. (up 10%), and Adani Green Energy Ltd. (up 10%). NDTV, Adani Wilmar Limited, Adani Ports and SEZ, Ambuja Cements Limited, and ACC also gained between 4% and 10%. 📰 The rally came despite global rating agency Moody’s on Tuesday downgrading its outlook for seven Adani Group entities, including Adani Green Energy, Adani Ports, and Adani Transmission, from “stable” to “negative.” Adani Airport Holdings Ltd Adani Solar Adani Wind Adani Capital Adani University #investment #finance #capital #money #wealth #strategy #growth #construction #india #Adani #marketing #leadership #economy #market #nifty #sensex #down #over

ADANI Shares fell by more than 25% today. Why? The Simplest Explanation ever. 1) Adani Won Solar Contracts: Adani secured major solar power projects in India. 2) Funds Needed: To finance these projects, the group raised $3 billion from US markets via bonds. 3) Bribery Allegations: A group accused Adani of paying $250 million (₹2,000 crores) in bribes to Indian officials to win these contracts. 4) Case in the US: Since the alleged bribery wasn’t disclosed to US investors, it’s seen as “deceiving investors.” 5) SEC Involvement: The US SEC (similar to SEBI) also raised concerns about the lack of transparency. Impact on Adani and Indian Businesses: • Raising funds from US markets may become harder for Adani. • A legal battle in the US could harm its global reputation. • Increased scrutiny of Indian businesses by international regulators. The situation raises a critical question: How can Indian businesses balance growth and ethical practices? Let’s discuss your thoughts below! FOLLOW Arpit Agarwal for premium finance content. REPOST this to help others. #Adani #investmentbanking #finance #MBA

Adani Shares Plunge Over 25%: Here’s Why in Simple Terms 1️⃣ Solar Contracts Secured: Adani recently won several major solar projects in India. 2️⃣ Funds Raised: To fund these projects, Adani raised $3 billion from U.S. investors via bonds. 3️⃣ The Allegations: A group in the U.S. filed a case, accusing Adani of bribing Indian officials ₹2,000 crores ($250M) to win these contracts. But why is this a U.S. legal issue? The alleged bribery wasn’t disclosed to U.S. investors when funds were raised. This omission is considered “misleading investors.” The U.S. SEC (like India’s SEBI) has also accused Adani of deception. What’s Next for Adani? Raising funds in U.S. markets may become much harder. A tough legal battle in the U.S. is on the horizon. Increased scrutiny for Indian businesses operating internationally. While we want Indian companies to succeed globally, integrity and transparency must form the foundation of that success. The world is watching. #Adani #Adanipower #adanicrash

₹2.6 Lakh Crore Investor Wealth Lost Amid Bribery Allegations Against Adani Group. The Adani Group is in the spotlight again, but for all the wrong reasons. Allegations from the US Department of Justice and SEC claim the group was involved in a $265 million bribery scheme to secure solar power contracts on favorable terms. In response, the Adani Group has outright denied the allegations, calling them baseless and vowing legal recourse. But here’s the undeniable fact: ₹2.6 lakh crore of investor wealth was wiped out in a single day following this news. What’s at stake? Investor confidence is shaken. Global perception of corporate governance in India takes a hit. The group’s future ability to raise funds may face serious hurdles. Regardless of the truth behind the allegations, businesses must remember that trust and transparency are non-negotiable. #AdaniGroup #BriberyCase #SolarContracts #InvestorLoss #CorporateGovernance #FinancialAccountability

Gautam Adani, billionaire chair of the Adani Group, has been indicted in New York for his role in a $265 million bribery scheme, according to U.S. prosecutors. Alongside his nephew Sagar Adani and former Adani Green Energy CEO Vneet Jaain, he faces charges of securities fraud, wire fraud conspiracy, and bribery. The charges involve paying bribes to Indian officials to secure contracts for a $2 billion solar power project. Arrest warrants have been issued for Gautam and Sagar Adani. Prosecutors allege the group concealed corruption to raise over $3 billion through loans and bonds. Shares of Adani Group companies fell 10-20%, and Adani Green Energy canceled a $600 million bond offering. GQG Partners, a major Adani investor, saw its stock plunge 20% amid the fallout. The Adani Group has not commented on the allegations. Gautam Adani, worth $69.8 billion, is believed to be in India. #startupsmedia #AdaniScandal #BriberyCharges #GlobalBusiness #FinancialFraud