US probing Gautam Adani and group over potential bribery

News Snapshot:

In addition to being a monolithic presence in its home country, with ports, airports, power lines and highway developments, Adani Group attracts capital from around the world. US law allows federal prosecutors to pursue foreign corruption allegations if they involve certain links to American investors or markets. Adani’s sprawling empire was rocked early last year by claims from short-seller Hindenburg Research that the conglomerate manipulated its stock price and committed accounting fraud. The group has vigorously denied those allegations and the shares have largely climbed back from their initial plunge. Still, the report prompted the Justice Department, as well as...