Business & FinanceDeals
26 November 2024, 7:52 am 1 minute
India’s Andhra Pradesh state is more likely to droop an influence buy deal linked to Adani Group because of the U.S. indictment of the group’s billionaire founder Gautam Adani over an alleged bribery scheme, Reuters exclusively revealed.
Why it issues
The suspension, more likely to be introduced quickly, could be the primary such motion by an Indian state authorities after U.S. prosecutors charged Gautam Adani and 7 others with agreeing to pay bribes of $265 million to unidentified Indian authorities officers to acquire photo voltaic power-supply contracts.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story