Japan's major banks, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, are standing by billionaire Gautam Adani despite recent bribery charges against him in the US.
Adani is accused of orchestrating a $250 million scheme to bribe Indian officials for solar energy contracts.
However, these banks have no plans to withdraw their financial support and are even willing to provide additional financing if needed.
This support from Japanese financial institutions is in contrast to other global firms, such as Barclays Plc, which are reconsidering their relationships with the Adani Group.
Adani's conglomerate, which operates in various sectors, has denied the allegations and is actively engaging with lenders and investors to address the situation and reassure stakeholders.