Adani Bribery Case| $600 Million U.S. Bond Deal Abandoned Amid Legal Storm

The U.S. prosecutors have charged the Adani Group and its executives, including chairman Gautam Adani and his nephew Sagar Adani, with bribery and fraud involving $265 million paid to Indian government officials to secure solar power contracts. The charges, which span from 2020 to 2024, claim the group concealed these transactions from U.S. banks and investors. In response, the Adani Group has called the charges baseless and vowed to legally fight the allegations. Additionally, Adani has pulled out of a $600 million U.S. bond deal amidst the ongoing controversy. Join Business Today TV's Sakshi Batra to know more on the news.