Adani Group says it lost nearly US$55 billion as US charges sparked rout

Balazs Barabas

NEW DELHI: India's Adani Group conglomerate said on Wednesday (Nov 27) it had lost almost US$55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud . The Nov 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. It said they had "devised a scheme to offer, authorise, make and promise to make

Adani Group says it lost nearly US$55 billion as US charges sparked rout https://www.channelnewsasia.com/ - 27.11.2024 09:14
Adani Group says it lost nearly US$55 billion as US charges sparked rout https://www.channelnewsasia.com - 27.11.2024 08:42

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Adani Group says it lost nearly US$55 billion as US charges sparked rout https://www.channelnewsasia.com/ - 27.11.2024 09:14
Adani Group says it lost nearly US$55 billion as US charges sparked rout https://www.channelnewsasia.com - 27.11.2024 08:42