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Transcript
00:00Adani Group's Chairman and the country's second richest businessman, Gautam Adani seems to be in great trouble.
00:11Even before this, Adani's name has been mentioned in some fraudulent reports.
00:16Along with Adani, seven other people in America have been accused of bribery and fraud of billions of dollars.
00:23In this case, an arrest warrant was issued against Adani and his nephew in the court of America.
00:30And after the name was mentioned in this case, Adani Group cancelled the $600 million bond in America.
00:37So will Gautam Adani be arrested now?
00:40And what will be the effect of this warrant on Adani Group?
00:43And what is the whole matter?
00:45We will tell you about this in detail in this video.
00:48According to the reports, the prosecutor announced the allegations and it has been alleged that Adani Group bribed Indian officers to get the solar energy contract.
00:59Adani had announced investment in green energy and this announcement was made when the company's president congratulated Donald Trump on his election victory in the US presidential election.
01:10The point to note here is that Trump promised to make the rules easy for energy companies.
01:16This will make it easier for them to drill on federal land and construct pipelines.
01:22At the same time, according to the case made by the US Securities and Exchange Commission,
01:27American investors were accused of bribing Gautam Adani.
01:34Adani and others were accused of taking funds from false and misleading statements from American investors and global financial institutions.
01:42After this, the money was used in bribery.
01:45The commission said that Adani and others bribed about $265 million, which is about Rs. 2237 crores.
01:55They hoped to get $2 billion from this contract in two decades, which is about Rs. 16,882 crores.
02:03Prosecutors claim that some people involved in this planning used code names like Numero Uno and The Big Man to refer to Gautam Adani.
02:12At the same time, as soon as this news came out, the shares of the listed companies in Adani Group's share market went up and they broke badly.
02:20Adani Green Energy and Adani Energy Solutions lost the most shares, which fell to 20%.
02:26Adani Power lost 13.75%.
02:29Adani Ports lost 10%.
02:31Adani Vilmar lost 9.5%.
02:33Adani Enterprises lost 10%.
02:36Adani Total Gas lost 14.70%.
02:39ACC Limited lost 14.35%.
02:41Ambuja Cements lost 10%.
02:43NDTV lost 12.29%.
02:47Now the biggest question is that what will be the impact of the upheaval in Adani's shares on the Indian share market?
02:54What is your opinion? Give us your opinion in the comment box.
02:57And keep watching Good Returns for such updates.
03:00Don't forget to like and subscribe to our channel.

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