News / Adani: we can weather bribery claims storm – it's 'business as usual'

© Timon Schneider |

Adani Group seems to be making a concerted effort to reaffirm that “it’s business as usual”, after the Indian conglomerate had been indicted in a New York court on alleged bribery charges. 

To quell controversy, Adani has opted out of a $553m loan from US lending agency Development Finance Corp (DFC) agreed upon last year for the development of a transhipment terminal at Sri Lanka’s Colombo port.   

Estimated to cost some $1bn in two phases, Colombo West International Terminal (CWIT) is ...