Indian billionaire Gautam Adani's empire has been hit by US bribery charges, causing a frenzy in the stock market. The Adani Group has dismissed the charges as 'baseless', but analysts believe it will have 'huge' implications. Adani's reputation and corporate governance practices have been called into question. Despite previous controversies, analysts believe Adani has the capacity to bounce back. The bribery charges pose a significant hurdle for key investors and have sparked demands for greater scrutiny of major projects.
image sourced from original article at https://www.dailymail.co.uk/wires/afp/article-14116983/Indian-billionaire-Adani-not-out.html
Original article source: https://www.dailymail.co.uk/wires/afp/article-14116983/Indian-billionaire-Adani-not-out.html
Source Id: 8424914321