Big Shock To Gautam Adani: Adani Shares Plunge Amid U.S. Bribery Allegations

Shares of Adani Group companies have witnessed a decline in the stock markets, with Adani Energy Solutions experiencing the steepest fall of 20%. The downturn is attributed to allegations made by a federal court in Brooklyn, USA, claiming $265 million in bribes were paid to secure a contract. Congress leaders have reignited calls for a JPC probe into the “Modani” scams since January 2023.