By CNBCTV18.COM | Nov 21, 2024 10:12 AM IST (Updated)
Adani Bribery Case Live: Shares of all Adani Group companies are trading with losses between 10% or 20% at the start of trading on Thursday, November 21, after the US District Court and the Securities & Exchanges Commission framed bribery charges against Gautam Adani and other executives of the group. “
Adani Bribery Case Live: Shares of all Adani Group companies are trading with losses between 10% or 20% at the start of trading on Thursday, November 21, after the US District Court and the Securities & Exchanges Commission framed bribery charges against Gautam Adani and other executives of the group. “In or about and between 2020 and 2024, Senior executives of an Indian renewable-energy company, which was a portfolio company of an Indian conglomerate, an issuer company that operated in the renewable-energy sector whose securities were traded on the US exchange and that issuer’s largest shareholder, a Canadian institutional investor, participated in a scheme to bribe Indian government officials to ensure execution of lucrative solar energy supply contracts with Indian Government entities,” the US District Court said in its order. Follow all the LIVE Updates here.