Adani Wilmar said to defer stake sale amid US bribery charges

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The decision to hold off on the share sale is the latest in a series of repercussions for the conglomerate since US federal prosecutors indicted Adani, Asia’s second-richest man, and his associates last week over a $250 million bribery scheme. The Adani Group has denied the allegations as baseless and said it will seek legal recourse.

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