US indicted Adani Group chairman Gautam S. Adani, his Nephew Sagar Adani and six others and put allegations of bribery. After this news against Adani Green, the shares of Adani Group crashed on 21 November 2024. Along with it, Kenya cancels the airport energy deal with Adani Group. It was a multi-millionaire deal that going to happen between Kenya and Adani Group for the expansion of the airport.
US indicted Gautam Adani over alleged of paying more than $250 million in bribes to obtain lucrative solar energy contacts in India. This claim from US stated that the Adani Group is likely to pay bribes to the Indian government officials. The official statement and press release have been issued by the US Attorney’s office, Eastern District of New York.
As a result of this news, On 21 November 2024, Kenya President William Ruto in a State of the Nation address said that the decision has been taken based on the new information provided by the investigative agencies and partner nations. However, he didn’t specify the United States in his statement.
After this news on Adani Group, the share price of all the stocks of Adani Group crashed during the trading session on 21 November 2024. Now it will be the focus of the market, what will happen next?