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The Adani Group, one of India's largest conglomerates, is reeling from a massive market selloff following the indictment of its billionaire chairman, Gautam Adani, by US prosecutors. The charges, which allege a complex bribery and fraud scheme, have sent shockwaves through the Indian business community and international markets, resulting in a staggering $27 billion loss in market value for Adani Group companies.
Gautam Adani, once hailed as Asia's richest man, now faces serious legal challenges as the US Department of Justice accuses him and seven other executives of orchestrating a $250 million bribery scheme to secure lucrative energy. . .
