"On Friday, shares in some of the Adani Group's companies began ticking back up after plunging a day earlier following the announcement of the charges in New York. The stock prices of six of his 10 listed companies rose slightly, between one per cent to nearly four per cent."
"The test for the tycoon and his multibillion-dollar empire, which encompasses everything from energy and ports to media and agriculture, comes just after the 62-year-old founder and his holdings had bounced back after losing more than $60 billion in market value in early 2023 following allegations of stock price manipulation and fraud by the short-selling firm Hindenburg Research."
"Prosecutors allege that Adani duped investors in a massive solar project in India by concealing that it was being facilitated by bribes. Seven other executives connected to Adani's massive business holdings also face charges, including three executives from Quebec's largest pension fund, Caisse de depot et placement du Quebec (CDPQ)."
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