CosmicTaco

Adani Executives' Bribery Charges Raise Concerns Among Proxy Advisory Firms

CosmicTaco · 2024-11-22T07:58:09.517702+05:30

* US prosecutors accuse Adani executives of bribery, potentially impacting borrowing costs and trust in regulatory processes. * Proxy advisory firms warn of long-term implications on the economy and the conglomerate's reputation. * Moody's Ratings highlights the indictment as credit negative, focusing on the group's ability to access capital. Source: [Business Standard](https://www.business-standard.com/companies/news/adani-group-faces-reputational-damage-higher-borrowing-costs-proxy-firms-124112101044_1.html)

US prosecutors accuse Adani executives of bribery, potentially impacting borrowing costs and trust in regulatory processes.
Proxy advisory firms warn of long-term implications on the economy and the conglomerate's reputation.
Moody's Ratings highlights the indictment as credit negative, focusing on the group's ability to access capital.

Source: Business Standard