Adani shares sink again in India after founder’s US charges ...Middle East

MUMBAI: Shares in Indian billionaire Gautam Adani's conglomerate sunk again Friday after US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts rattled investor confidence.Wednesday's bombshell indictment in New York accused Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme.Adani, once the world's second-richest man, is a close ally of Hindu nationalist Prime Minister Narendra Modi and critics have long accused him of improperly benefitting from their relationship.Shares in Adani Enterprises, his conglomerate's main listed unit, sank more than four percent in morning trade, w

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Adani shares sink again in India after founder’s US charges ...Middle East

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