Terming the charges of bribery by the United States' (US's) prosecutors against executives of the Adani group "detrimental" to its reputation, proxy advisory firms on Thursday said the allegations could have a long-term impact on the cost of borrowing and trust in regulatory processes.
On November 20, the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC) accused Adani group Chairperson Gautam Adani, his nephew Sagar Adani, and several other executives of the conglomerate of a bribery scheme "orchestrated to enable two renewable energy companies to capitalize on a multi-billion-dollar solar energy project".
Proxy advisory firms, which track corporate governance and advise investors, have taken serious note of the charges.
Bu hikaye Business Standard dergisinin November 22, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin November 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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