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US prosecutors have widened their probe of India's Adani Group to focus on potential bribery allegations and the conduct of the company's billionaire founder Gautam Adani. Adani Group's dollar bonds and shares have declined following reports of the investigation, with the company responding to claims of fraud and market manipulation as attempts to destabilize and defame the government in New Delhi.
Several of Adani Group’s dollar bonds and shares decline, after Bloomberg reported earlier that US prosecutors are investigating whether billionaire Gautam Adani and his group were involved in bribing officials in India https://t.co/8GFtbxOEuA
India Adani Group's dollar bonds, shares tumble on US probe report https://t.co/yL6b77MWIz https://t.co/ot2JzGZgBG
Several of Adani Group’s dollar bonds fall the most in more than half a year, after news that US prosecutors have widened their probe of the port-to-power conglomerate to focus on whether it may have engaged in bribery https://t.co/QLJj3SurM6
