The indictment of Gautam Adani has sparked significant backlash, with international partners like Kenya and TotalEnergies withdrawing support from lucrative projects in response to recent fraud allegations.
Federal prosecutors allege that Adani and associates engaged in a conspiracy to commit bribery and defraud investors by offering $265 million to Indian officials to secure contracts.
The fallout from the charges has permeated beyond India, influencing the geopolitical landscape in South Asia, as countries like Bangladesh and Sri Lanka reconsider their partnerships with Adani.
The Adani Group has been synonymous with India's infrastructure ambitions, but these recent developments could unravel years of growth and prestige associated with the company's global expansion.
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