Reported about 16 hours ago
Billionaire Gautam Adani and several executives from Adani Group have been indicted by US prosecutors in New York over alleged bribery and fraud related to solar energy contracts. The indictment claims they promised over $250 million in bribes to Indian officials to secure contracts, immediately impacting the company’s market value, which saw shares fall significantly. Adani Group has denied these allegations, asserting their commitment to governance and transparency.
Source: YAHOO