Adani’s shares suddenly fell by 20 percent after the investigation in America, now the company has taken this big decision 

America, 21 Nov 2024

 Indian billionaire and chairman of Adani Group Gautam Adani has received a big blow from America. His company is accused of defrauding investors in the US and paying thousands of crores of rupees in bribes to Indian officials to get solar power contracts. This entire matter is related to Adani Green Energy and other firms. As soon as this news came, there was chaos in the stock market on Thursday and all the shares of Gautam Adani’s companies crashed. Meanwhile, a big statement has been issued by Adani Group.

Allegations against Adani in America: First of all, let us tell you that according to reports, serious allegations have been made against Gautam Adani and his company Adani Green Energy in America. It has been claimed that between 2020 and 2024, Adani Green and Azure Power Global were bribed to Indian officials through wrong routes to take up this solar project. Gautam Adani is accused of paying a bribe of $265 million (about Rs 2,236 crore) to Indian officials and hiding it to get a contract for a solar power project in the US for his company Adani Green Energy Ltd. The contract was estimated to generate over two billion dollars in profits over 20 years, and loans and bonds were raised under false pretenses to take advantage of this. This is being considered as a major setback for Gautam Adani who has emerged from the Hindenburg influence.