Adani Group Faces U.S. Indictment and Global Scrutiny Over Alleged Bribery Scheme

The conglomerate and its founder Gautam Adani are accused of bribing Indian officials, with repercussions for business operations and political ties worldwide.

• U.S. prosecutors have indicted Gautam Adani and seven others for allegedly paying $265 million in bribes to secure solar project contracts in India.
• The Adani Group is accused of making false and misleading disclosures to investors and regulators, including denying knowledge of U.S. investigations.
• The indictment has triggered global repercussions, with Kenya canceling contracts and scrutiny intensifying in Australia, Bangladesh, and Sri Lanka.
• India's opposition has criticized Prime Minister Narendra Modi for his ties to Adani, demanding investigations and political accountability.
• Despite market turbulence, Adani Group shares showed signs of recovery, though analysts warn of potential long-term reputational damage and funding challenges.

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