India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.
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A member of the Indian Youth Congress (IYC) wearing a face cutout of Indian industrialist Gautam Adani takes part in a protest against the businessman, in New Delhi on November 25, 2024. Indian billionaire Gautam Adani's feverish push to expand his global energy and infrastructure empire has been knocked by US bribery charges, but analysts believe the tycoon will bounce back. (Photo by Sajjad HUSSAIN / AFP)
2024-11-27 10:34:26
India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.
The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a bribery scheme.
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