Adani shares crash up to 20% after Gautam Adani indicted in US on bribery, fraud charges

Adani shares crash up to 20% after Gautam Adani indicted in US on bribery, fraud charges

Stocks of Adani Group companies fell up to 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme. Prosecutors announced the charges on Wednesday, alleging that the group bribed Indian officials to secure solar energy contracts.