Adani Group is staring at trouble on several fronts as investors and partners rethink ties with the Indian conglomerate in the wake of bribery and fraud accusations by U.S. authorities.
➡️ Projects and investments tied to the Indian conglomerates’ businesses spanning across the world have come under the spotlight, following the U.S. indictment of its billionaire founder last Thursday.
➡️ Shares of the Indian group’s flagship firm Adani Enterprises has declined over 20% as of Tuesday since the notice of indictment, while the company in the eye of the storm Adani Green Energy has lost more than 35%.
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