Major fallout for India's Adani Group after U.S. bribery indictment

NEW DELHI, India: India's Adani Group is experiencing significant setbacks globally after its chairman, Gautam Adani, was indicted in the U.S. for alleged bribery and fraud involving Adani Green Energy contracts.

The group has denied the allegations, calling them "baseless," but the indictment has triggered a market value loss of approximately US$33 billion across its 10 listed entities, with Adani Green Energy