US probing Adani Group over potential bribery, company denies foul

News Snapshot:

US prosecutors have escalated their investigation into India's Adani Group, focusing on potential bribery and the conduct of billionaire founder Gautam Adani, according to sources familiar with the matter, as per a report by Bloomberg The investigation, led by the US Attorney's Office for the Eastern District of New York and the Justice Department's fraud unit in Washington, is examining whether an Adani entity or individuals linked to the company were involved in paying officials in India for favourable treatment on an energy project. The probe also extends to Indian renewable energy company Azure Power Global Ltd, the report added....