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Several Adani Group stocks, including Adani Enterprises, Adani Green Energy and Adani Ports, witnessed healthy traction in Monday’s session amid reports that Gautam Adani’s aids met US administration officials to seek the dismissal of criminal charges in a bribery probe.
According to a Bloomberg report, representatives for Gautam Adani met officials from Trump’s administration to seek dismissal of criminal charges in an overseas bribery probe.
Mint could not independently verify this information at the time of writing of this article.
Last November, the US Attorney’s Office in New York announced it had indicted Adani Group chair Gautam Adani and seven other executives over an alleged years-long scheme to bribe Indian officials.
Adani Group stocks jump up to 10%
Reports of Adani representatives meeting US officials influenced investors’ interest in the group’s stocks. Shares of flagship firm Adani Enterprises surged almost 7 per cent during the session, looking set to snap their three-day losing run.
(This is a developing story. Please check back for fresh updates.)
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