Adani, Sri Lanka

Adani hit by downgrades as projects under review in India, Sri Lanka
Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.
Why Sri Lanka Must Rethink its Engagement with Adani Group
For the new government, acting upon deals with Adani is more than a legal or economic issue. It is a test of its commitment to fighting corruption.
US Agency Conducting Due Diligence on Adani's Sri Lanka Project, Bloomberg Reports
A U.S. agency that agreed to lend more than $500 million to a Sri Lanka port development backed by the Adani Group said it is still conducting due diligence on the project in the wake of bribery allegations against the group's billionaire founder Gautam Adani and other top executives,
US development agency 'assessing ramifications' on Adani's Sri Lanka project
A U.S. agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India's Adani Group on the agency's prior agreement to lend more than $550 million to a Sri Lankan port development backed by the group.
US Agency Still Reviewing Funding Adani’s Sri Lanka Project
Sign up here.A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.

Factbox-Major fallout for India's Adani Group

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Adani Group's Financial Turmoil Deepens Amidst Bribery Allegations
Adani Group, led by billionaire Gautam Adani, faces increased scrutiny as U.S. bribery allegations lead to credit downgrades.
India’s Adani Group Mess Is Terribly Timed For Modi’s Economy
News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime ...
India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges
The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as ...
ABC News4d
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
The indictment outlines an alleged scheme to pay about $265 million in bribes to government officials in India. The Adani group denied the allegations against directors of Adani Green Energy ...
The Gazette5d
Adani Group's funding needs in focus after founder's U.S. indictment
Some analysts said the fallout was unlikely to be limited to the Adani group. "India's renewable energy sector, a critical pillar for global climate goals, may face reduced international ...
From the Urdu Press: ‘INDIA bloc defeat after defeat… it needs to learn the lessons’, ‘Is Adani above Indian law?’
The BJP could script this victory riding on not just its Hindutva plank, but also because of the Mahayuti government’s ...
Breakingviews: Adani presents India with big financing ultimatum
The country’s government may need to nudge local lenders to support the growth of the billionaire’s infrastructure ...