NEW DELHI, NOVEMBER 22: The massive crisis engulfing the Adani Group has become devastatingly clear with the market value of its companies crashing nearly $30

The alleged hundreds of millions of dollars in bribes promised to local Indian officials caught the attention of the US Justice Department and Securities and Exchange Commission as Adani's companies were raising funds from US-based investors in several transactions starting in 2021.

Adani, a power player in the world’s most populous nation, allegedly sought to “obtain and finance massive state energy supply contracts through corruption and fraud at the expense of U.S. investors.”