MUMBAI -- When Gautam Adani, Asia's second-richest man and founder of rising Indian conglomerate Adani Group, was indicted in a U.S. federal court on bribery charges, investors braced for a shock similar to last year, when the company was roiled by accusations of financial improprieties by short-seller Hindenburg Research. That episode wiped $130 billion from the group's market value.
Adani Green Energy shares rebounded toward the end of last week on rumors that some investors reassured their investment in the company, but remains down 6.3% from their trading level before the indictment as of Friday. (Nikkei montage/Source photo by Reuters)
Trading Asia
Adani crisis sequel makes investors in Indian companies think twice
Stock market hangover from indictment of Asia's second-richest man likely to linger
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