The Adani Group, one of India’s largest industrial conglomerates, faces charges of bribery from the US State Department under the Biden administration. The indictment alleges that the group bribed Indian government officials to secure solar power contracts. The group has denied the charges and is prepared to fight them legally. Amidst these allegations, the Adani Group has abandoned a $600 million US bond deal. The charges have caused Adani Group shares to fall by up to 20 percent. #adanigroup #briberycharges #bonddeal #itwebvideos #solarpowercontracts #sharesfall
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