India’s Adani Group begins to feel the fallout of U.S. bribery charges

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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