The Adani Group, one of India’s largest business empires, is in deep trouble. The company has lost around $26 billion in market value after the US Department of Justice (DOJ) accused its founder, Gautam Adani, and key executives of bribery and fraud.

Adani Enterprises, the flagship company of the group, saw its stock price plunge by 23% in just two days of trading last week. Other companies under the Adani umbrella, such as Adani Ports and Adani Green Energy, also faced massive losses.

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