First major capital raise since US indicted billionaire Gautam Adani and associates in an alleged bribery scheme
Also in this newsletter: Adani Group’s funding fix and the numbers behind the world’s biggest advertising agency
Conglomerate pulls out of $500mn loan deal as it wrestles with bribery allegations
Charges against Indian tycoon follow a troubled government effort to boost renewable power
First remarks by Indian billionaire after indictment by federal prosecutors
Kenya’s reversal of support for airport project underlines global ramifications of US indictment
Plus, the crypto side-hustle driving Telegram’s latest financial boost and Citigroup pulls back on promotions in bank overhaul
New York-based bank was vocal champion of Indian group whose billionaire head is accused of bribery scheme
Indian conglomerate releases report on operations after US indictment of founder Gautam Adani for alleged bribery
Justice department’s prosecution of Indian billionaire has wide economic and diplomatic implications
Turbulence draws fresh attention to risks and pricey valuations of local stocks
Indian billionaire faces charges over years-long alleged bribery scheme
Alleged $265mn bribery scheme raises questions about the probity of Indian authorities and business leaders
US charges against Gautam Adani raise questions about Delhi’s safeguards
US corruption charges against one of India’s richest men sent shares in his businesses reeling
Criminal and civil charges against Indian tycoon and associates set out alleged $265mn bribery scheme
Shares in group tumble after prosecutors accuse tycoon and others of lying to investors to land lucrative contracts
Plus, boutique bank PJT mints a new billionaire and Poonawalla family property purchase dispels non-dom fears
Locals and opposition parties denounce tycoon’s bid to rehouse 1mn people in crowded part of India’s financial capital
Dhaka makes assurances to clear its bills after conglomerate threatened to halt electricity supplies
Indian conglomerate threatens to halt flows from coal-fired plant over debt dispute
Quarterly results boost Gautam Adani’s conglomerate as it seeks to bounce back from damaging allegations
Court ruling reveals that money laundering probe began in 2021
Legal challenge is latest blow to Indian conglomerate’s efforts to expand overseas presence
Costly projects approved under Sheikh Hasina have left interim government ‘firefighting’, top energy official says
