Adani Group in Turmoil: Bribery Scandal Rocks Shares, Plunge by 20% | ABP News

Gautam Adani, one of the world’s richest individuals, has found himself in yet another major crisis. Following the Hindenburg controversy, he now faces allegations of a $250 million bribery scheme by US prosecutors. In just a few hours, shares of the Adani Group plummeted by 20 to 25%, signaling a significant blow to the conglomerate. Reports suggest that Gautam Adani, his nephew Sagar R. Adani, and executive Vineet Jain allegedly bribed Indian government officials to secure lucrative solar energy contracts, while also attempting to conceal these actions. This bribery scandal, coupled with a sharp decline in the stock market, has posed a fresh set of challenges for the Adani Group. Many are questioning if this marks the beginning of an even greater threat to Adani’s empire. Is this the end of the road for the business magnate, or can he weather yet another storm? Watch the video for a detailed analysis of this unfolding situation.