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The American Adani Group lost $27 billion in a single day following bribery allegations!
The American Adani Group lost $27 billion in a single day following bribery allegations!

22.11.2024 12:31

U.S. prosecutors have accused the owner of the Adani Group, which has numerous large companies, including in the ports and energy sectors, of planning to pay bribes. This development has led to a significant drop in the shares of the Adani Group, with losses reaching around $27 billion in a single day.

Adani Enterprises Ltd. fell by 23% on Thursday and lost as much as 7.3% in early trading. Adani Ports & Special Economic Zone Ltd. dropped by 2%, extending its previous session's 14% loss. Seven of the ten companies controlled by the economic giant from the port to energy were in the red.

BRIBERY ALLEGATIONS BURNED HIM

Shares of Adani Group lost about $27 billion on Thursday after federal prosecutors accused the billionaire founder and other executives of planning to bribe Indian government officials to win solar energy contracts. The holding company rejected the allegations as baseless and announced plans to pursue legal action.

US-based Adani Group lost $27 billion in one day following bribery allegations!


 
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