Reported about 5 hours ago
Adani bonds have dropped to their lowest prices in nearly a year as investors react to bribery allegations against the Indian conglomerate's chairman, Gautam Adani, and others, who are accused of agreeing to pay around $265 million in bribes for government contracts. Amidst these accusations, some lenders are considering pausing new loans, raising concerns about the group's access to future financing. The Adani Group has contested the allegations, deeming them baseless.
Source: YAHOO