Categories: Bribery in Business

Adani Bribery Scandal: Arrest Warrant Issued, Global Fundraising Hit, Political Fallout |India Today



India Today has confirmed that an arrest warrant has been issued against Gautam Adani following a US court indictment on charges of bribery and fraud. The Adani group’s future international fundraising efforts are likely to be affected. The group was forced to scrap a 600 million dollar bond issue in the US after the news broke. Kenya has cancelled airport and power purchase deals worth 2.5 billion dollars with the Adani group. The group’s companies have seen their ratings outlook cut to negative. The stock markets reacted immediately with investors in Adani stock losing 2.28 lakh crore rupees. #adanigroup #gautamadani #bribery #itwebvideos #fraud #arrestwarrant #fundraising #bondissue #kenya #ratings #stockmarkets
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