CosmicTaco

Adani Family Faces US Charges in $265M Bribery Scheme

CosmicTaco · 2024-11-21T15:58:31.051005+05:30

* US issues arrest warrants for Gautam Adani and nephew Sagar Adani over alleged $265M bribery scheme. * Charges include securities fraud, wire fraud conspiracy, and violation of US anti-bribery law. * Adani Group's market value drops by $28B following the announcement. Source: [Tribune](https://www.tribuneindia.com/news/business/who-is-sagar-adani-and-how-us-unsealed-code-names-and-cellphone-tracking/)

US issues arrest warrants for Gautam Adani and nephew Sagar Adani over alleged $265M bribery scheme.
Charges include securities fraud, wire fraud conspiracy, and violation of US anti-bribery law.
Adani Group's market value drops by $28B following the announcement.

Source: Tribune