Adani Group Faces Bribery Accusations, Scraps $600 Million Bond Sale Amidst Legal Turmoil
In a surprising turn of events, the Adani Group has withdrawn a planned $600 million bond offering following serious bribery allegations in the United States. The group, led by Gautam Adani, faces charges of paying over $250 million in bribes to secure profitable solar contracts in India. Legal scrutiny may impact their access to global capital, which is crucial for expansion in green energy projects.