Reported about 22 hours ago
Billionaire Gautam Adani has withdrawn from a $553 million loan agreement with the US International Development Finance Corporation to finance a terminal in Colombo, Sri Lanka. This decision follows bribery allegations against Adani and other executives, impacting a project initially seen as a collaborative effort between India and the US to counter China's influence in the region. Despite the setback in financing, construction will continue with local partnerships as Adani Group maintains its operational plans.
Source: YAHOO