Adani CFO defends against US charges, says linked to one business contract

A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s CFO said on Saturday. On Wednesday, Gautam Adani, one of the world’s richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani Group has denied the allegations calling them “baseless”.

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Author: Reuters

Companies News Today Live Updates on November 23, 2024: Adani indictment: FCPA cases take long to conclude

Companies News Today Live Updates on November 23, 2024: Get the latest updates on the company’s financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

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Author: Livemint

From VOA Mandarin: Pro-Beijing media call for dissolution of Hong Kong’s Democratic Party

Four years after the implementation of the Hong Kong National Security Law, pro-democracy political parties in Hong Kong are facing unprecedented political pressure. Following the sentencing of 45 pro-democracy figures to severe penalties for conspiring to subvert state power, two major…

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Author: VOA Mandarin