Source: Social Media
The sharp fall came after reports that a U.S. court has named eight people, including industrialist Gautam Adani, in a case linked to alleged fraud and bribery.
Source: Social Media
Those reportedly named include Gautam Adani, his nephew Sagar Adani, and Bineet Jain, among others — sparking global discussion.
Source: Social Media
According to the reports, Adani is accused of bribing Indian officials using U.S. investor funds tied to certain infrastructure projects.
Source: Social Media
These projects were projected to earn around $2 billion (₹16,800 crore) in profits over 20 years, and alleged bribes of about ₹2,200 crore were said to have been paid between 2021–2022.
Source: Social Media
Because the money reportedly came from a U.S.-listed company, the case fell under American jurisdiction, and the New York District Court has taken up the matter.
Source: Social Media
Following this news, searches for Gautam Adani spiked globally, and the Indian stock market lost over ₹5.35 lakh crore in a single trading session.
Source: Social Media
Overall, Adani Group companies alone faced a collective loss of about ₹2.2 lakh crore, sending shockwaves through investors and markets alike.
Overall, Adani Group companies alone faced a collective loss of about ₹2.2 lakh crore, sending shockwaves through investors and markets alike.
Overall, Adani Group companies alone faced a collective loss of about ₹2.2 lakh crore, sending shockwaves through investors and markets alike.
Source: Social Media