U.S. prosecutors have indicted Adani Group executives, including Gautam Adani, alleging a $265 million bribery scheme to secure inflated energy contracts in India. Accusations include misleading U.S. investors to raise $3 billion and obstructing investigations.

Adani Group denies the allegations, calling them “baseless,” while share prices and bond values plummet. The scandal casts a shadow over foreign investment in India, raising concerns about governance and capital access for Adani companies.

Stay tuned for more on this developing story at UBS News.