Indian tycoon Adani's US indictment spooks investors; bonds fall again

Business

India's Adani Group bonds were under pressure for a second session on Friday (Nov 22) following billionaire founder Gautam Adani's indictment for fraud by US prosecutors and arrest warrants issued for him over an alleged US$265 million bribery scheme. The group tried to assure investors it was a "law-abiding organisation" and said the accusations were "baseless and denied". That did not stop its companies from losing about US$27 billion in market value on Thursday. In early Asian trade on