Reported about 7 hours ago
Adani Group has clarified that its founder, Gautam Adani, and others have not been charged under the US Foreign Corrupt Practices Act (FCPA), leading to a surge in share prices. The Department of Justice's indictment only involves securities fraud-related charges against them. With the clarification, Adani’s share prices saw significant gains, bouncing back from recent losses following allegations of bribery in relation to solar energy contracts in India. The group, previously facing scrutiny, aims to enhance transparency going forward.
Source: YAHOO