The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a bribery scheme.
Adani Group tanks after US bribery charges
India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in the Middle East.
Norway’s sovereign wealth fund pulls out of troubled Adani Group
The fund, which is set up to put the country's oil and gas revenues to work, held some $200 million worth of shares in the group at the end of 2022. It had a stake of 0.14 percent in Adani Green Energy and 0.17 percent in Adani Total Gas.
Adani shares tank again as Indian opposition stages protests
The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by short-seller US investment group Hindenburg Research on January 24.India’s Adani shares plunge again after stock sale cancelled
Adani himself issued a video statement on Thursday in which he insisted that the "fundamentals of our company are very strong, our balance sheet is healthy and assets robust". The slide in Adani's personal wealth has seen him fall out of the top 10 real-time Forbes rich list and overtaken...
