Bribery Charges Spark $24 Billion Selloff in Adani Group Stocks

The Justice Department charged billionaire Gautam Adani with orchestrating a $250 million scheme to secure lucrative solar-energy contracts by bribing Indian officials. The Indian businessman's conglomerate, Adani Group, called the allegations baseless. It had previously been targeted by Hindenburg Research, a U.S. short-selling firm.