Key Points
US Justice Department. was expanding its investigation into the conglomerate to check possible bribery by the group companies...
Among the groups stocks, Adani Total Gas lost 4.4% while Adani Transmission closed 3.4% lower and Ambuja Cement 2.8% down..
US investigators are investigating if an Adani entity, or people linked to the company including Gautam Adani the groups chairman and main promoter were involved in paying officials in India for favourable treatment on an energy project, a report by Bloomberg said..
The probe by the US authorities, which is also looking at Indian renewable energy company Azure Power Global, is being handled by the US Attorneys Office for the Eastern District of New York and the Justice Departments fraud unit in Washington, the news report said, quoting people familiar with the matter but without naming them..
US prosecutors are investigating Adani group for possible bribery in India, involving Azure Power Global..
