Adani Scraps $600 Million Bond, Notes Slide After US Charges.

Adani Group canceled a $600 million bond sale after founder Gautam Adani was charged by US prosecutors in an alleged bribe plot. The group's existing US-currency notes saw a significant decline in Asian trading following the news. Adani, one of the world's richest individuals, was accused of participating in a scheme to pay bribes to Indian government officials to secure solar energy contracts. The charges are seen as a setback for the conglomerate, which had been working to regain investor confidence after previous allegations of stock manipulation and accounting fraud. [Extracted from the article]