Adani Group Loses $34 Billion Amid US Indictments

• Adani Group's market value plummeted by $34 billion following US indictments against its chairman for alleged bribery and fraud.
• The conglomerate's shares fell sharply, with Adani Enterprises experiencing its worst one-day drop since February last year.
• The accusations come within two years of allegations by Hindenburg Research of tax evasion and stock manipulation, which Adani Group has denied.

Source: Reuters