Indian billionaire Gautam Adani's feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts believe the tycoon will bounce back.
Stay tuned with 24 News HD Android AppIndian billionaire Gautam Adani's feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts believe the tycoon will bounce back.
The Adani Group dismissed the bribery charge as"baseless" but Shriram Subramanian, founder of corporate governance advisory firm, InGovern Research Services, said it has"huge" implications. The conglomerate weathered previous allegations of impropriety that wiped $150 billion from its market value in 2023, after a report by US short-seller Hindenburg Research accused it of"brazen" corporate fraud.
In neighbouring Sri Lanka, activists opposing a $442 million wind power project by Adani Green Energy have demanded the deal be stalled. In October, Gautam's nephew and board member Sagar Adani -- also named in the indictment -- told AFP there was"no political connection" between Adani Group and Modi's government.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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