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Indian billionaire Gautam Adani and his nephew, Sagar Adani, face serious allegations in the United States over a $265 million bribery scheme to secure lucrative solar energy contracts in India. US prosecutors have issued arrest warrants for both, accusing them of conspiring to pay bribes to Indian officials to develop the country’s largest solar power project, expected to generate $2 billion in profits over 20 years. Adani and other executives of Adani Green Energy are also accused of misleading international investors, raising over $3 billion through loans and bonds while hiding alleged corruption. The charges include securities fraud, wire fraud conspiracy, and violations of anti-bribery laws. Shares of Adani Group companies plummeted, with Adani Enterprises falling over 23% on the Mumbai Stock Exchange, wiping out $27 billion in market value. Adani Green Energy halted a $600 million bond sale following the allegations. Adani Group has denied the charges, calling them “baseless” and promising legal action. Opposition leader Rahul Gandhi has called for Adani’s immediate arrest, accusing Prime Minister Narendra Modi of shielding him. The case has intensified scrutiny of Adani Group’s dealings, further shaking investor confidence in the conglomerate. For more updates follow @gazettenowofficial or visit www.gazettenow.com #gautamadani #gazettenow #trendingnow

𝐆𝐚𝐮𝐭𝐚𝐦 𝐀𝐝𝐚𝐧𝐢 𝐢𝐧𝐝𝐢𝐜𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒! 𝐈𝐧 𝐚 𝐦𝐮𝐥𝐭𝐢-𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐝𝐨𝐥𝐥𝐚𝐫 𝐟𝐫𝐚𝐮𝐝!!😱 Adani Group chairman Gautam Adani has landed in trouble with US authorities as the US Securities and Exchange Commission (SEC) has filed charges against the billionaire for allegedly “defrauding American investors and bribing officials”! According to reports, Gautam Adani, his nephew Sagar Adani, some executives from Adani Green Energy Ltd., and Cyril Cabanes (an executive of Azure Power Global Ltd.) set up a scheme to pay $250+ million in bribes to Indian govt. officials to obtain solar energy supply contracts that would give them $2 billion in profits over 20 years! During the scheme, Adani Green raised $175 million from US investors by misleading them about corruption and bribery. The SEC has unsealed criminal charges against the individuals for violating the FCPA, bribing officials, misleading investors, and obstructing justice by destroying evidence and issued arrest warrants! All Adani group stocks tanked with the flagship Adani Enterprises stock tumbling well over 20% today!! ❓𝑾𝒂𝒔 𝑯𝒊𝒏𝒅𝒆𝒏𝒃𝒖𝒓𝒈 𝒔𝒑𝒆𝒂𝒌𝒊𝒏𝒈 𝒕𝒉𝒆 𝒕𝒓𝒖𝒕𝒉 𝒂𝒃𝒐𝒖𝒕 𝒕𝒉𝒆 𝑨𝒅𝒂𝒏𝒊 𝑮𝒓𝒐𝒖𝒑 𝒂𝒍𝒍 𝒂𝒍𝒐𝒏𝒈? Follow Jobaaj Stories (the media arm of Jobaaj.com Group for more) #adani #india #indian #us #sec #politics #geopolitics #currentaffairs

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

🌍✨ Breaking News: A Major Development in the Business World! ✨🌍 A New York judge has issued an arrest warrant for Gautam Adani, the billionaire founder of the Adani Group, amid serious allegations of a multi-billion-dollar fraud scheme targeting American investors. 😲💼 According to the U.S. Securities and Exchange Commission (SEC), Adani is accused of orchestrating a bribery scheme that allegedly benefited his renewable energy ventures, including Adani Green and Azure Power. This scheme reportedly helped secure a lucrative solar energy project from the Indian government. 🌞⚡️ This shocking turn of events has sent ripples through financial markets, with Adani's dollar bonds experiencing significant declines. 📉Investors are closely watching how this situation will unfold, as it raises crucial questions about corporate governance and accountability on a global scale. 🌐🤔 As more details emerge, we must reflect on the importance of transparency and ethical practices in business. How do such incidents affect investor confidence and the broader market landscape? 🤷♂️💭 Stay tuned for updates on this unfolding story! What are your thoughts on this situation? Let’s discuss in the comments! 👇💬 #GautamAdani #AdaniGroup #BusinessNews #CorporateGovernance #Investment #FraudAllegations #RenewableEnergy #SolarPower #FinancialMarkets #EthicsInBusinessInvestment #FraudAllegations #RenewableEnergy #SolarPower #FinancialMarkets #EthicsInBusiness #SEC #Bribery #MarketWatch #InvestorConfidence #GlobalBusiness #TransparencyMatters #Sustainability #IndianEconomy #FinanceNews #BusinessEthics

🚨 Breaking News 🚨 Gautam Adani & associates face serious charges in the U.S. over a massive $250M bribery scheme related to solar energy contracts in India. ⚡ Key highlights: 💼 U.S. prosecutors allege illegal dealings from 2020-2024 📉 Adani Group stocks hit hard – Adani Enterprises down 23% 💰 A $600M bond offering canceled amid fallout Adani Group denies the allegations, but this controversy is raising concerns among investors globally. 🌍 #Adani #Bribery #Fraud #BusinessEthics #CorporateGovernance #India #SolarEnergy #Investors #LegalNews #GlobalBusiness 🌐 Source: Reuters

#Update US Charges Adani with Bribery and Fraud Gautam Adani, the billionaire founder of the Adani Group, has been indicted by the US Department of Justice on charges of bribery, fraud, and obstruction of justice. The indictment alleges that Adani and other executives paid over $250 million in bribes to Indian government officials to secure lucrative solar energy contracts. The charges have sent shockwaves through the Indian business world and raised serious questions about corporate governance and regulatory oversight. The Adani Group has denied the allegations, calling them "baseless." The indictment has also led to increased scrutiny of the Adani Group's business practices and its relationship with the Indian government. It remains to be seen how the Indian government will respond to these allegations and what impact they will have on the Adani Group's future. Read the story: https://ow.ly/luCg50UbJqU #AdaniGroup #CorporateGovernance #FraudAwareness #Bribery #SolarEnergy #IndianBusiness #BusinessEthics #RegulatoryOversight #CorporateLaw #Justice

As the Adani group is back in the news as Gautam Adani has been indicted on bribery charges by the American authorities, I wanted to repost 😉 this Fraud case based on the shortseller Hiddenburg report about regulations breaches. Learn more about this new case involving bribery under FCPA. From the indictment statement from the Eastern district of New York (see below), we can learn that the Adani group was indicted for having bribed Indian government officials with M$ 265, especialy one single official who received M$ 228. The scheme consisted in bribing officials to buy overpriced power from the SECI that was buying solar energy from an Adani Company but also involving other investors in the scheme to finance the bribes. Group Shares value fell by 10% after the announcement but 20% for the energy entity Learn more from the investigation details here You will learn that they have not been very cautious and used personnal phones 😅 to manage the deals. https://lnkd.in/egY_YNjU   #condorstrike

Adani Group Faces Market Turmoil Amid U.S. Bribery Allegations. Allegations of a $265 million bribery scheme tied to solar energy contracts have wiped $26 billion from Adani’s market value, placing 8 of their companies among the NSE 500’s worst performers. With a $600 million bond issue now canceled and questions swirling about governance, investors are left wondering about the future of one of India’s biggest conglomerates. Stay tuned as we monitor these developments and assess their ripple effects across infrastructure and energy sectors. #AdaniGroup #MarketUpdate #InvestingStrategy #Finance

Allegations against Gautam Adani and his associates, detailing their alleged involvement in a multi-billion dollar bribery and fraud scheme. 1. The US Securities and Exchange Commission accuses Adani and his associates of defrauding American investors and bribing Indian officials to secure solar energy contracts. 2. It is alleged that Adani and his associates paid approximately $265 million in bribes with the expectation of generating $2 billion in profit over two decades from these contracts. 3. The indictment further claims that Adani, his nephew Sagar Adani, and executive Vneet Jaain, concealed these bribes from lenders and investors to secure over $3 billion in loans and bonds for Adani Green Energy. 4. Code names like “Numero uno” and “the big man,” allegedly referring to Gautam Adani, were reportedly used by those involved in the scheme. #Adani #Stockmarket

Adani Group shares experienced a significant decline of over 25% today. Here's why this happened and what it could mean: 𝗧𝗵𝗲 𝗕𝗮𝗰𝗸𝘀𝘁𝗼𝗿𝘆: 𝟭. 𝗥𝗲𝗰𝗲𝗻𝘁 𝗦𝘂𝗰𝗰𝗲𝘀𝘀: Adani Group recently secured several solar energy contracts in India. 𝟮. 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗡𝗲𝗲𝗱𝘀: To execute these projects, the group required substantial funds. 𝟯. 𝗨𝗦 𝗕𝗼𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁: Adani raised a significant $3 billion through bond issuance in the US market. 𝗧𝗵𝗲 𝗔𝗰𝗰𝘂𝘀𝗮𝘁𝗶𝗼𝗻: A group of individuals has filed a lawsuit against Adani Group in the US, alleging: 𝟭. 𝗕𝗿𝗶𝗯𝗲𝗿𝘆 𝗖𝗹𝗮𝗶𝗺𝘀: The group is accused of bribing Indian officials of $250 million to secure these contracts. 𝟮. 𝗡𝗼𝗻-𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲: This alleged bribery was not disclosed to US investors during the bond issuance process. 𝗣𝗼𝘀𝘀𝗶𝗯𝗹𝗲 𝗜𝗺𝗽𝗮𝗰𝘁: 𝟭. 𝗦𝗘𝗖 𝗜𝗻𝘃𝗼𝗹𝘃𝗲𝗺𝗲𝗻𝘁: The US Securities and Exchange Commission (SEC), the equivalent of India's SEBI, has also launched an investigation into the matter. 𝟮. 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀: The legal battle in the US could be lengthy and complex, potentially impacting the group's ability to raise future funds. 𝟯. 𝗪𝗶𝗱𝗲𝗿 𝗜𝗺𝗽𝗮𝗰𝘁: This incident could lead to increased international scrutiny on Indian businesses. #adanigroup#bribery#solarproject#USbond