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Adani Stock growth today: Shares of Adani Group companies increased by 4.5%with Adani Enterprises, Adani Power, and Adani Green Energy on Tuesday; Description
Adani share price
Increase in Adani group shares: Shares of Adani Group Companies on Tuesday prosecution under Foreign Corrupt Practice Act (FCPA) following the executive order of US President Donald Trump, with rallies compared to 4.5% on BSE with Adani Enterprises, Adani Power, and Adani Green Energy. Stopped the side. It was central for allegations against the Indian group of almost 50 years old.
Adani enterprises rose 4.5% to Rs 2,394.05, while Adani Power rose 4.2% to Rs 511.85. In response to Trump’s instruction, investor spirit improved, Adani Green Energy rose 3.4% to Rs 985.80. The move is seen as a possible relief for the Adani Group, which has faced an American legal inquiry on a $ 265 million bribery plan.
Trump suspends the enforcement of foreign bribery law
President Donald Trump signed an executive order, in which the Department of Justice (DOJ) was temporarily instructed to prevent the enforcement of the Foreign Corrupt Practice Act (FCPA), which was about 50 years old law, using using a 50 -year -old law. A bribe in the group was done to start an inquiry. The FCPA passed in 1977 prevents both American companies and foreign firms from bribing foreign government officials to secure or maintain the business.
Trump’s directive directed American Attorney General Palm Bondi to prevent the enforcement of FCPA, a law central for some of the most high-profile cases of DOJ, with Gautam Adani, Indian billionaire and president of the Adani Group Gautam Adani and his nephew The prosecution against Sagar is involved.
Last year, under the administration of President Joe Biden, DOJ reportedly to Indian authorities to pay more than $ 250 million (about Rs 2,100 crore) in bribe to secure adaptable terms for solar power contracts. Accused of joining the plan.
The prosecutors claimed that the Adani Group had hidden these payments from American banks and investors from which it raised billions of dollars for the project. The FCPA allows for the discovery of cases of foreign corruption related to the connection of American markets or investors.
The suspension and reviews are seen as a possible relief for the Adani Group, although it is uncertain how DOJ will proceed after a six -month review period.
