Adani Group, a Symbol of India’s Soft Power, Stumbles After Indictments

Published On Dec 12, 2024, 10:54 AM

Gautam Adani, the founder of the Adani Group, is facing serious allegations from U.S. federal prosecutors who have indicted him for conspiracy to commit bribery and defraud investors. Following this news, several countries, including Kenya and major international companies like TotalEnergies, are distancing themselves from Adani's infrastructure projects. Adani's group, which has been a key player in Indian-led development globally, is at risk as its relationships and deals are threatened. The group's response has been to label the charges as baseless, but the fallout is affecting its standing with investors and foreign governments.