Adani Group faces potential US market restrictions amid indictment: Expert
A US court has indicted Gautam Adani, his nephew Sagar Adani, and several other officials for allegedly bribing Indian government officials to secure solar energy contracts.In an interview to CNBC-TV18, Silva highlighted that financial institutions, particularly in the US, are likely to be reluctant to lend or maintain banking relationships due to the heightened risks associated with the criminal and securities fraud investigations.
A US court has indicted Gautam Adani, his nephew Sagar Adani, and several other officials for allegedly bribing Indian government officials to secure solar energy contracts.In an interview to CNBC-TV18, Silva highlighted that financial institutions, particularly in the US, are likely to be reluctant to lend or maintain banking relationships due to the heightened risks associated with the criminal and securities fraud investigations.
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