Adani Green Energy has halted plans to raise funds through U.S. dollar-denominated bonds following the indictment of its chairman, Gautam Adani, on charges of bribery and fraud in a scheme involving over $250 million in bribes to Indian officials. The indictment has led to a significant drop in the prices of Adani's dollar bonds, with some falling nearly eight cents, marking the largest declines since the Hindenburg Research report in 2023 raised concerns about the group's financial practices. Prosecutors allege that Adani and several executives misled investors to secure funding for a major solar energy project, raising over $3 billion through fraudulent means. The U.S. actions highlight persistent risks surrounding corporate governance and regulatory scrutiny in emerging markets. Adani Group has not yet commented on the allegations, which have already caused turmoil in its financial standing. The situation underscores the ongoing challenges faced by the conglomerate amid heightened scrutiny from international authorities.