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Adani plunges in Mumbai on founder’s charges as Asian markets retreat

Shares in Indian conglomerate Adani tanked on Thursday after its industrialist owner Gautam Adani was charged by US prosecutors with handing out more than $250 million in bribes for key contracts.The painful losses at units of the Adani Group came as markets in most of Asia retreated as blockbuster earnings from chip titan Nvidia smashed …

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India’s Adani says US charges ‘baseless’, oppostion demand arrest

India’s Adani Group on Thursday called US charges that their billionaire tycoon founder Gautam Adani had paid more than $250 million in bribes “baseless”, as the opposition leader demanded his arrest.The stiff denial came after shares in the industrialist’s conglomerate nosedived nearly 20 percent in Mumbai, the morning after a bombshell indictment in New York accused …

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India opposition leader demands tycoon Adani’s arrest after US charges

Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday. Gandhi’s demand came after shares in the industrialist’s conglomerate nosedived nearly 20 percent in Mumbai, the morning after a bombshell indictment in New York …

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Gautam Adani: Billionaire Indian tycoon facing US bribery charges

Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world’s great survivors.The tycoon — a close ally of Hindu nationalist Prime Minister Narendra Modi — oversees a vast conglomerate encompassing coal, airports, cement and media operations.The US court charges that he paid …

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