Adani Group Chairperson Gautam Adani. File photo | Photo Credit: PTI
Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York dsitrict court charged the apples to airports conglomerate of bribery and civil charges of securities fraud, according to the company’s regulatory filings.
Also Read | Gautam Adani U.S. indictment LIVE updates: Adani dollar bonds tumble after 250 million bribery scheme
The indictment by the United States Department of Justice (DoJ) and United States Securities and Exchange Commission issued a criminal indictment and civil complaint on the Adani group and their board members Gautam Adani, Sagar Adani , Vineet Jain among others on Thursday (November 21, 2024). The DoJ had indicted them on five counts including wire fraud, securities fraud, false statements, corrupt practices and obstruction of justice.
Published – November 21, 2024 09:02 am IST