Indian lawmakers cant work for second day-in-a-row as opposition members demand talks about Gautam Adaniʼs US indictment (which happened last week)
US officials say Gautam Adani‚ his nephew Sagar Adani and Vneet S Jaain made $265M in bribes to get power deals; the group says its not true. Their company stocks dropped $34B but got back $9B on wed
The gentleman has been indicted in the United States ... and the government is protecting him
The ruling BJP party doesnt want to get mixed-up in this mess: their speaker said they dont need to defend Adani – hes just one of many business-people helping build the nation
Adani Green made things clear in stock-market papers; the boss faces money-fines for breaking rules but isnt charged with foreign bribery. The SEC wants cash penalties but hasnt said how much
The case hit Adaniʼs business hard:
- French company TotalEnergies wont put more money in
- Kenya stopped a $2B airport deal
- Adani Green lost $8B in value
The whole thing is making big waves in India – parliament cant work MPs keep shouting and making noise while Adaniʼs companies try to fix their stock prices