US President Donald Trump stayed the enforcement of a US law that bans bribery in foreign countries. This decision could affect global corruption investigations, including any potential scrutiny of Indian billionaire Gautam Adani. The law, known as the Foreign Corrupt Practices Act (FCPA), is crucial in holding multinational corporations accountable. If enforcement remains weak, cases involving overseas financial dealings may face reduced oversight.
Today, On 27th November, Gautam Adani and several executives from Adani Green faced allegations of securities law violations related to a bribery scheme in India. The U.S. SEC’s complaints and criminal indictments indicate serious legal challenges for the Adani Group, leading to significant financial losses and declines in stock prices for Adani Green.