Adani stocks fall

India News

Gautam Adani Faces U.S. Fraud Charges, Adani Stocks Tumble by 20%

Indian tycoon Gautam Adani, one of Asia’s wealthiest individuals, is back under scrutiny as U.S. prosecutors unveiled charges of securities fraud and conspiracy. Adani, 62, is accused of misleading investors in a large-scale solar energy project in India, allegedly linked to a bribery scheme, according to reports. Following the indictment in New York, shares of Adani’s companies dropped sharply, with…