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India’s Adani Group has withdrawn its request for a $553 million loan from the United States International Development Finance Corporation (DFC). The loan was intended to finance the construction of a deep-sea port in Sri Lanka, located next to a Chinese-run facility. This move comes after a significant indictment in New York accused the conglomerate’s …
Continue reading “Adani Group Withdraws US-backed Loan for Sri Lanka Port Project”
The Adani Group, one of India’s largest conglomerates, faces a storm of controversy following bribery allegations. US authorities charged the group’s billionaire chairman, Gautam Adani, and seven others with paying $265 million in bribes to Indian officials. The charges, which include misleading public statements, cast a shadow over the group’s ambitious projects and global reputation. …
Continue reading “Adani Group Faces Turmoil Amid Bribery Allegations”
