Gautam Adani Faces Legal Trouble in the U.S.; Allegations of Bribery

Indian industrialist Gautam Adani has been hit with a major setback as a case has been registered against him in the United States. Allegations claim that Adani paid a bribe of $265 million to secure a solar project contract. The case also names his nephew, Sagar Adani, along with eight others, and a New York court has issued warrants against them.

This legal development has triggered concerns among Adani Group's shareholders, particularly as the Indian stock markets are set to open shortly. The case has created apprehension about the potential impact on the group's stocks and overall market sentiment.

The Adani Group has not yet issued a public response to these allegations, which could have significant ramifications for its global business operations and reputation. Shareholders are bracing for further updates as the situation unfolds.