{
Mohit Mirpuri

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adani group cancels bond offering amid us bribery charges against founder

Units of Adani Group have scrapped a $600 million bond following US charges against founder Gautam Adani for allegedly participating in a bribery scheme involving over $250 million to secure solar energy contracts. This decision comes after recent press releases from the Department of Justice and the Securities and Exchange Commission, leading to a significant drop in the group's existing US-currency notes. Despite past resilience against allegations, this incident highlights ongoing risks in emerging markets related to governance and regulatory scrutiny.
Moneycontrol
United States Dollar Adani Group IND Gautam Adani Mohit Mirpuri
Regulatory & Legal, Market Report
03:28 21.11.2024
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