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Adani's Nephew Faces Insider Trading Allegations

Adani's Nephew Faces Insider Trading Allegations

The Securities and Exchange Board of India (SEBI) has accused Pranav Adani, a director in the Adani group, of leaking sensitive information related to a major acquisition. This information allegedly reached his brother-in-law before the public announcement of Adani Green’s $3.5 billion acquisition of SB Energy in 2021. Pranav Adani has expressed a desire to settle the charges without admitting guilt. The matter is particularly significant as it adds to the challenges faced by the Adani group, which has been under scrutiny for various allegations, including bribery. The investigation revealed that his relatives profited from insider trading, raising serious questions about compliance within the group.

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Google Faces Pressure Over AI Investments
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