Adani Stocks Tumble on US Bribery Probe

  • Shares Slump: Adani Group companies witness a sharp decline in share prices following news of a US investigation into potential bribery.

  • Founder Under Scrutiny: The probe reportedly focuses on Group founder Gautam Adani and allegations of illicit payments for favorable treatment on an energy project.

  • Group Denies Claims: Adani Group maintains they are unaware of any investigation and adhere to anti-corruption laws.

  • Uncertainty Reigns: The probe casts a shadow over the conglomerate, with investors adopting a cautious stance until the investigation concludes.

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