U.S. authorities allege Chairman Gautam Adani and seven others paid $265 million in bribes to Indian government officials. Adani Group has not commented on the allegations as yet.
The price of Adani dollar bonds fell in early Asia trade.
Reuters reports
The price drops are the most significant since February 2023, when Hindenburg Research released a critical report on Adani Group’s debt and tax practices.
This article was written by Eamonn Sheridan at www.forexlive.com.
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