Adani

2024 - 11 - 21

The Roller Coaster Ride of Adani Stocks: Bribery, Fraud, and Falling Shares! 🎢💸

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Gautam Adani and seven others are facing serious charges in the US, resulting in a dramatic 20% drop in Adani Group stocks! Get the full scoop on the scandal. #Adani #StockMarket #Bribery

In a shocking twist that could give any Bollywood drama a run for its money, Gautam Adani, the Indian billionaire and head of the Adani Group, has been charged by the U.S. Securities and Exchange Commission (SEC) for engaging in a colossal bribery scheme allegedly worth $265 million. Along with Adani, seven fellow executives were implicated in a series of fraudulent activities, including securities fraud and wire fraud conspiracy. With these serious allegations, one can only imagine the level of tension in the boardrooms of the Adani Group, where stock prices have already taken a nosedive, plummeting up to 20% in mere hours!

You know things are getting serious when stockholders lose 2.6 lakh crores as they watch their investments evaporate like magic! As the news hit, it felt like a collective gasp echoed in trading rooms, showing just how unprepared the market was for such shocking developments. Adani Electricity and Adani Transmission saw their dollar bonds fall dramatically, making investors clutch their heads in despair. One can't help but think, is there a damp patch coming on the billionaire's golden umbrella, or just a rough gust of wind?

While the SEC charges Adani parallel the earlier accusations by Hindenburg Research, which hinted at stock manipulation, the gravity of these new charges brings a different flavor to the table. It's like choosing between spicy misal and creamy butter chicken—both are deliciously controversial! In essence, this roller coaster ride for Adani Group signifies not just a company in turmoil but a vast web of intrigue that could impact investors and the deeper workings of corporate governance in India.

In a world where billionaires battle it out in the courtroom rather than on boardroom tables, Gautam Adani's saga continues to unfold like a Netflix thriller, with twists that no one saw coming. Plus, if you think the U.S. lawyers are taking it easy, think again! U.S. prosecutors are not just aiming for a slap on the wrist but potentially aiming high with severe consequences that could ripple through global markets—all while making history in the legal books! So, grab your popcorn, folks; it seems the Adani saga is far from over!

Post cover — Image courtesy of "Business Standard"

Adani

The Roller Coaster Ride of Adani Stocks: Bribery, Fraud, and Falling Shares! 🎢💸

US SEC charges Gautam Adani, 7 others in alleged bribery, fraud ... (Business Standard)

Gautam Adani charged with bribery scheme LIVE| Adani dollar ... (The Hindu)

Adani stocks crash up to 20% after Gautam Adani indicted by US ... (Hindustan Times)

Adani shares crash up to 20% after Gautam Adani indicted in US on ... (The Economic Times)

Gautam Adani charged in US with alleged $265 million bribery, fraud (India Today)

GQG Partners to review Adani Group holdings after US charges ... (Moneycontrol.com)

US charges billionaire Gautam Adani with $265 million bribery ... (The New Indian Express)

अडानी पर सरकारी अधिकारियों को रिश्वत देने का आरोप, रद्द किए 600 ... (Hindustan हिंदी)

गौतम अडानी पर 2100 करोड़ रिश्‍वत देने का आरोप, सभी अडानी स्‍टॉक में लगा ... (News18 इंडिया)

अडानी पर रिश्वतखोरी और धोखाधड़ी का आरोप, गिरफ्तारी वारंट जारी, अमेरिकी ... (नवभारत टाइम्स)

Adani stocks crash up 20% today; share investors lose Rs 2.60 lakh ... (Business Today)

Gautam Adani Group Stocks Live: Adani Group stocks crash after ... (The Hindu BusinessLine)

Gautam Adani charged by US over alleged $250 million bribe plot (Times of India)

Gautam Adani indicted in US over role in alleged bribery, fraud - The ... (The Economic Times)

Adani Group Stocks: अडानी समूह के शेयरों में मचा हाहाकार, 20 फीसदी तक ... (ABP News)

Adani Stocks के बुरे द‍िन, मार्केट गुरु अनिल सिंघवी की राय- बेचकर निकलें ... (Zee News Hindi)

औंधे मुंह गिरे अडानी ग्रुप के शेयर, रिश्वतखोरी के आरोप के बाद चौतरफा ... (नवभारत टाइम्स)

How SEC's Adani indictment differs from Hindenburg's fraud ... (Business Standard)

Adani Group shares tank up to 20% in early trade after US ... (India Today)

अडानी समूह के शेयरों में भूचाल, 20% तक टूट गए स्टॉक्स, रिश्वतखोरी के ... (Hindustan हिंदी)

Adani Group shares plunge up to 20% post US SEC bribery, fraud ... (Business Standard)

Adani Group issues statement on bribery charges, abandons $600 ... (India Today)

Adani stocks crash up to 20% after Gautam Adani charged in US in ... (Moneycontrol.com)

Adani Stocks: अदाणी के शेयरों में भूचाल, लगा 20% का लोअर सर्किट; गौतम ... (मनी कंट्रोल)

SEC charges Adani in $265 mn bribery scandal: Here are the key ... (Business Standard)

Adani Green scraps USD 600 million bond sale after promoter ... (The Hindu)

Adani group: Adani Group scraps $600 million bond after US bribery ... (Economic Times)

Rs 2.25 lakh crore gone! Adani stocks record worst day since ... (The Economic Times)

Adani group's bonds tumble after Gautam Adani charged in US with ... (Hindustan Times)

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