Gautam Adani charged by US in alleged $250 million fraud and bribery case | Adani stocks fall 20%

Gautam Adani charged by US in alleged $250 million fraud and bribery case | Adani stocks fall 20%

#Adani Adani charged by #US in alleged $250 million fraud and bribery case | Adani stocks fall 20%

Gautam Adani charged in US with alleged $265 million bribery, fraud
Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani group stocks fell on 21 November after US federal prosecutors filed bribery charges on founder Gautam Adani, with Adani Enterprises, Adani Green Energy and Adani Energy Solutions losing as much as 10-20 percent in the opening trade.

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