Indian billionaire Gautam Adani has started operating the first unit of his $1.2 billion copper smelter, the tycoon’s first foray into metals refining.
Billionaire Adani Kicks Off $1.
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US Probing Indian Billionaire Gautam Adani and His Group Over Potential BriberyUS prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter.
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Some Adani Dollar Bonds Fall Most in Over Six Months on US ProbeSeveral of Adani Group’s dollar bonds fell the most in more than half a year, after news that US prosecutors have widened their probe of the port-to-power conglomerate to focus on whether it may have engaged in bribery.
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Some Adani Dollar Bonds Fall Most in Over Six Months on US Probe(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and...
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Adani Says Report on Bribery Probe by US Prosecutors Is FalseAdani companies haven’t received any notice from the US Department of Justice regarding a probe into whether the Indian group may have engaged in bribery, according to exchange filings.
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Adani Green Says US Corruption Probe Is on Unrelated Third PartyAdani Green Energy Ltd. has not received a notice from the US Department of Justice although it is aware that an investigation is underway for potential violations of American anti-corruption laws by an unrelated third party, according to a stock filing Tuesday.
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Adani Port Purchase Provides Conglomerate Shapoorji Debt ReliefAdani Ports and Special Economic Zone Ltd. is set to buy a majority stake in Gopalpur Port Ltd. from Shapoorji Pallonji Group, a deal that would help lower the debt burden of the Indian construction group controlled by billionaire Shapoor Mistry.
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