News Formal

US charges linked to only one business contract: Adani CFO - SABC News - Breaking news, special reports,

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

US News

Business Business Latest News,Business Business Headlines

A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract.

A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group’s CFO said on Saturday.

The allegations in the US indictment relates to “one contract of Adani Green, which is roughly 10% of overall business of Adani Green”, Singh said on X. Adani, which has several other global projects, is also charged with misleading US investors about Adani Green’s compliance with antibribery principles and laws.“We were aware that something is afoot,” he said, adding the company disclosed as much to investors in its $750 million 2024 bond offering, about $175 million of which was raised from financial institutions in the United States.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SABC finance chief resignsThe SABC has announced an acting CFO after Yolande van Biljon resigned.
Source: mybroadband - 🏆 11. / 67 Read more »

Ghana blocks pension funds from offshore investment - SABC News - Breaking news, special reports, world,The majority of contributions are invested in Ghanaian assets, including Ghana government Eurobonds.
Source: SABC News Online - 🏆 32. / 51 Read more »