India’s Adani Enterprises tanks after founder’s US charges

India’s Adani Enterprises tanks after founder’s US charges …C0NTINUE READING HERE >>>

Gautam Adani has been charged by US prosecutors with paying more than $250 million in bribes to Indian officials for lucrative solar energy supply contracts.
Photo: Sam PANTHAKY / AFP
Source: AFP

Shares in India’s Adani Enterprises slumped 10 percent at Thursday’s open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.

The steep losses in the Adani group’s key firm was…

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