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ReutersAdani bonds slide to year low as investors and lenders weigh bribery allegations
The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in bribes to Indian government officials. The charges related to alleged payments to obtain contracts that could yield $2 billion of profit over 20 years as well as to develop India's largest solar power project. The charges also included making misleading statements to the public despite being made aware of the U.S. investigation in 2023.
PA Media: UK NewsStorm Bert disruption continues as full impact of treacherous weather emerges
Hundreds of properties have been flooded, roads were turned into rivers and winds of up to 82mph were recorded during Storm Bert.
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