The US International Development Finance Corporation (DFC) is currently conducting due diligence on a proposed loan exceeding $500 million for a port development project in Sri Lanka backed by the Adani Group.
This review comes in light of recent bribery allegations involving the conglomerate's billionaire founder and other senior executives. An official from the DFC confirmed that a final agreement on the loan has not yet been reached, indicating that the agency is carefully assessing the situation before proceeding.
The ongoing scrutiny reflects the DFC's commitment to ensuring transparency and integrity in its financing decisions.