Adani Group Cancels $600 Million Bond Amid Major US Bribery Allegations
The Adani Group has called off a substantial $600 million bond issue following serious US bribery allegations involving its founder, Gautam Adani. These accusations, stemming from US prosecutors, implicate Adani and others in a significant bribery scheme aimed at securing valuable solar contracts in India. The cancellation led to a notable downturn in the group's various US currency notes, emphasizing the financial volatility facing the conglomerate.