Adani’s legal troubles may worsen with risk of investor lawsuits
- Posted on November 26, 2024
- By Business News Today
- 4 Views
Adani’s legal troubles may worsen with risk of investor lawsuits
Indian billionaire Gautam Adani faces US criminal charges and SEC action for alleged bribery, triggering potential investor lawsuits and investigations in India. While criminal proceedings hinge on extradition, civil penalties, director bans, and market restrictions are possible. Although a new US administration could dismiss charges, the severity of the allegations makes such a move unlikely.