The U.S. International Development Finance Corporation has not reached a final agreement on the loan, an official with the agency said in an email

The Hindu

India

U.S. agency conducting due diligence on Adani's Sri Lanka project, Bloomberg reports

Media Bias/Fact Check

The Hindu Group

A U.S. agency that agreed to lend more than $500 million to a Sri Lanka port development backed by the Adani Group said it is still conducting due diligence on the project in the wake of bribery allegations against the group's billionaire founder Gautam Adani and other top executives, Bloomberg News reported on Sunday.

The Straits Times

Singapore Press Holdings

Singapore

US agency conducting due diligence on Adani's Sri Lanka project, Bloomberg reports

(Bloomberg) — A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.

Financial Post

Leon Cooperman

Allianz

Canada

US Agency Conducting Due Diligence on Adani's Sri Lanka Project

The US International Development Finance Corporation last November said it would provide USD 553 million in financing for the port terminal project in Colombo, partly owned by the Adani Group.

India Today

Living Media

Adani's Sri Lanka port project under US scrutiny amid bribery allegations

Despite a recent indictment against Adani Group, the Sri Lankan government is considering moving forward with a deepwater container terminal project in Colombo. The project, a joint venture involving Adani, has faced scrutiny but is seen as a potential boost to investor confidence in the country's economy.

The Economic Times

Sahu Jain family

Adani's Colombo Port Project under scrutiny amid Sri Lanka's shift in stance

The US International Development Finance Corp. hasn’t reached a final agreement on the loan, an official said in an emailed response to questions.

Deccan Herald

Karnataka

US agency conducting due diligence on Adani’s Sri Lanka project after bribery charges

Adani and seven other people, including his nephew Sagar, were indicted on Thursday for fraud by U.S. prosecutors for their alleged roles in a $265 million scheme to bribe Indian officials

Zawya

S&P lowers outlook on three Adani units after US indictment of founder

S&P GLOBAL Ratings lowered its outlook on three Adani Group entities to ‘negative’ from ‘stable’ on Friday (Nov 22), citing risks to...

Business Times

ECONOMYNEXT – The outlook of several Adani companies which are affiliates or parents of project companies in Sri Lanka have been cut to negative by S&P Global Ratings, after corruption and fraud charges were filed in the US against the group. The outlook of the BBB- rating of Adani Ports and Special Economic Zone Ltd, which is linked to a terminal project at Colombo port was cut to negative.  Adani Green Energy Limited (AGEL), which is promoting…

EconomyNext

Outlooks of Adani firms affiliated to Sri Lanka projects cut to negative by S&P

The bribery charges in the U.S. have already led to Kenya cancelling a contract given to the Adani Group to upgrade Nairobi airport, and calls in Australia for the cancellation of a  coal mining contract in Queensland.   The post U.S. Agency Now Reviews Joint Venture With Adani To Upgrade Lanka Port appeared first on StratNews Global.

U.S. agency conducting due diligence on Adani's Sri Lanka project, Bloomberg reports

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