Adani Group loses $55 billion in stock value amid US fraud allegations against its founder.

The Adani Group, an Indian conglomerate, has lost nearly $55 billion in stock value following US accusations of fraud against its founder, Gautam Adani, and other officials. The charges, filed in New York last week, allege a scheme to mislead international investors through bribery. This has caused a significant decline in the company's stock market value.

November 27, 2024
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