US Court Issues Arrest Warrant Against Gautam Adani!

A U.S. court has issued an arrest warrant for Gautam Adani, the chairman of the Adani Group, following his indictment for alleged bribery and fraud

The U.S. Securities and Exchange Commission (SEC) has charged Adani with defrauding American investors and bribing officials to secure contracts for solar energy projects in India

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The U.S. Securities and Exchange Commission (SEC) has charged Adani with defrauding American investors and bribing officials to secure contracts for solar energy projects in India

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The indictment alleges a bribery scheme involving approximately $265 million (around ₹2,110 crore) aimed at obtaining lucrative contracts from Indian government officials

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Alongside Gautam Adani, his nephew Sagar Adani and several others have also been indicted, with arrest warrants issued for all involved

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The warrants will be handed over to foreign law enforcement authorities, indicating potential international legal proceedings

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Following the news of the indictment, shares of Adani Group companies dropped significantly, with some stocks falling between 10% and 20%

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This incident adds to a series of controversies surrounding Gautam Adani, including a previous short-seller attack that led to substantial losses for the Adani Group

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The alleged bribery was intended to facilitate the development of India's largest solar power plant project, projected to generate over $2 billion in profits over 20 years

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