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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Committee to get legal advice on Malatsi withdrawing SABC Bill - SABC News - Breaking news, special reports,Communications and Digital Technologies Committee seeks legal advice on withdrawing of the SABC Bill
Read more »
MMA raises concern over conflict on SABC Bill amid financial crisis - SABC NewsBird says public broadcasting funding models need to be urgently researched
Read more »
SABC finance chief resignsThe SABC has announced an acting CFO after Yolande van Biljon resigned.
Read more »
ADvTECH appoints award winning CA as new CFOADvTECH has selected AfroCentric's CFO, Hannes Boonzaaier as its new CFO.
Read more »
Disinformation remains a threat to democracy: Ressa - SABC News - Breaking news, special reports, world,Maria Ressa says social media is a vehicle that is continuously used to spread disinformation.
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.
Read more »