Shares connected to the Adani Group—chaired by Indian billionaire Gautam Adani—plunged by double digits on Thursday after U.S. law enforcement agencies accused Adani and fellow executives of paying more than $250 million in bribes to Indian government officials.
Adani Enterprises, the group’s flagship company, fell by over 20%. Fellow group companies Adani Green Energy and Adani Ports fell by 19% and 13% respectively.
