Mumbai: After US prosecutors accused Gautam Adani and other executives of the Adani Group of orchestrating a $250 million bribery scheme, the conglomerate cancelled its $600 million bond offering. The charges were filed by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). It caused Adani’s US dollar bonds to drop […]

Charges filed in a US court accused Gautam Adani and other executives, including Sagar R. Adani and Vneet S. Jaain, of masterminding a $250 million bribery scheme to secure solar energy contracts

Adani Group bribery charge: Following the charges, shares of Adani Group have crashed by up to 20%, with Adani Green down 18% on the Bombay Stock Exchange (BSE).