US DFC reviews $500M loan for Sri Lankan port project amid Adani bribery allegations.

The U.S. International Development Finance Corporation (DFC) is reviewing a loan of over $500 million for a Sri Lankan port project backed by India's Adani Group amid bribery allegations against its founder, Gautam Adani. Adani denies the charges, which have not implicated the subsidiary involved in the Sri Lanka project. The DFC is conducting due diligence to ensure the project meets its integrity standards before disbursing funds.

November 24, 2024
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