Adani Group faces $27.9B stock value drop after U.S. alleges $265M bribery by the company.

Adani Group's bond prices have hit one-year lows after US authorities alleged the company and its chairman, Gautam Adani, agreed to pay $265 million in bribes to secure lucrative contracts and develop a major solar project in India. Adani denies the accusations and plans to pursue legal action. The allegations have led to a $27.9 billion drop in market value for the company's stocks.

November 25, 2024
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