Adani, a major power player in India perceived as close to Prime Minister Narendra Modi, was charged Wednesday with securities fraud and conspiracy to commit securities and wire fraud at a court ...
Adani’s company in India had no immediate comment, as meanwhile shares in the Adani corporate empire plunged Thursday in India. Adani’s co-defendants include his nephew Sagar Adani ...
Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.
Seven other executives connected to Adani's business empire also face charges. The indictment alleges a scheme to pay about $265 million in bribes to government officials in India. The full impact ...