Adani Power’s stock price will likely drop by at least 80% due to the alleged bribery and fraud cases involving the U.S. Department of Justice and the Eastern District of New York. The scandal coupled with increasing legal risks and fiscal scrutiny has unnerved investors. The article spells out the details of the bribery allegations, the implications for Adani Power’s debt-heavy business model, and the cascading effects on its stock market performance. Leaving global investors fleeing and market sentiment deteriorating, it recommends selling Adani Power shares as the prudent financial decision.
Tag: Hindenburg Research
Adani Stock Prices May Further Drop 60% : Investors Should Sell Shares
Adani Group faces a 50-60% cut in stock prices in the wake of alleged fraud, stock manipulation, and probable arrest warrants against Gautam Adani in the United States. Further knocks to its confidence are created by regulatory investigations by organizations such as SEBI and institutional investor exits. High debt levels and issues related to financial transparency amplify risks. Drawing attention to these developments and analyzing them on Adani’s market performance, this post could throw light on why selling stocks in Adani is quite safe in the search for stability.
Gautam Adani to be Arrested for US Bribery and Fraud Scandal
The Adani Group, led by Gautam Adani, is in the crosshairs of a bribery and corruption case in the United States, with it increasingly likely that arrest warrants might be issued. Investigations by the U.S. Department of Justice (DOJ) and the Attorney’s Office for the Eastern District of New York are looking into claims of unlawful payments to officials abroad. The move comes after a Hindenburg Research report accused Adani of the crime of stock manipulation and fraud. Between criticism of the regulatory slack by SEBI, under Madhabi Puri Buch’s leadership, and its corporate governance and political connections, the case bodes ill for global markets and geopolitics.