Adani Bribery Case: Here are 5 setbacks that followed post indictment

November 23, 2024

The Adani Group faces setbacks as global banks consider halting new credit lines following a US indictment alleging bribery. Indian regulators are investigating potential disclosure violations, while Kenya scrapped Adani projects. S&P downgraded the outlook for three Adani firms, and the group’s stocks experienced a rout, though they partially recovered.

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