Loading...
Market
What will be the impact on Adani Group's operations in Andhra Pradesh by June 30, 2025?
2
Resolution / Starting Odds
No impact • 25%
Projects halted • 25%
New projects delayed • 25%
Business expansion • 25%
Business news reports and official statements from Adani Group
Story
Gautam Adani Allegedly Promised $200 Million Bribe to Former Andhra CM YS Jagan in 2021; Deal Signed, Says SEC
Nov 22, 2024, 12:26 AM
Gautam Adani, the Indian billionaire and chairman of the Adani Group, allegedly promised a bribe of $200 million to YS Jagan Mohan Reddy, the former Chief Minister of Andhra Pradesh, during a meeting in 2021. This claim has been made by the U.S. Securities and Exchange Commission (SEC). Following the meeting, it is reported that a deal was signed in Andhra Pradesh, suggesting that the promise of bribes influenced the agreement. The SEC's findings indicate that the amount promised in Indian Rupees is approximately Rs 1,750 crore.
View original story
Similar markets
Increased by over 10% • 25%
Decreased by over 10% • 25%
Remained stable • 25%
Fluctuated without clear trend • 25%
Stock price increases by over 10% • 25%
Stock price decreases by over 10% • 25%
Stock price remains within 10% range • 25%
Stock delisted • 25%
New project launch • 25%
Financial results announcement • 25%
Corporate restructuring • 25%
Other • 25%
No further action • 25%
New investigation launched • 25%
Fines imposed • 25%
Other penalties • 25%
Stock price increases • 25%
Stock price decreases by less than 10% • 25%
Stock price decreases by 10-20% • 25%
Stock price decreases by more than 20% • 25%
Yes • 50%
No • 50%
Azure • 25%
CDPQ • 25%
Government of India • 25%
Other • 25%
Project proceeds as planned • 25%
Project delayed • 25%
Project canceled • 25%
Project modified • 25%
Debt restructured • 25%
Partial default • 25%
Full default • 25%
No change • 25%
Legal appeal • 25%
Negotiation with government • 25%
Development of land • 25%
Abandonment of claim • 25%