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Adani shares sink again in India after founder's US charges

This photograph taken on January 11, 2024, shows a general view of the Adani Group owned Mundra Port in Mundra. [AFP.]

Shares in Indian billionaire Gautam Adani's conglomerate sunk again Friday after US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts rattled investor confidence.

Wednesday's bombshell indictment in New York accused Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme.

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