Adani Group stocks continued their downward trend on Friday, November 22, 2024, following the US bribery allegations against Gautam Adani and others.
Adani Group stocks have plunged for a second consecutive day amid allegations of a $265 million bribery scheme involving U.S. officials.
US Bribery Allegations: The US Department of Justice has accused Gautam Adani, his brother Sagar Adani, and others of a multi-million dollar bribery and fraud scheme to secure solar energy contracts in India.
Market Impact:
The allegations have severely impacted investor confidence, leading to a sharp decline in Adani Group stocks.
The allegations have severely impacted investor confidence, leading to a sharp decline in Adani Group stocks.