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The Trump administration's soft stance on white collar crime is emerging as a potential relief for India's big companies, especially the Adani Group. But this issue is very sensitive both politically and legally. It remains to be seen in the coming weeks whether this stance really gives Adani and other companies a clean chit in America or is it just an election strategy.
Effect seen in the stock market- After this decision of Trump, the shares of Adani Group companies saw a rise:
| Company | stock prices | Gain (%) |
|---|---|---|
| Adani Enterprises | ₹2,318.75 | 3.66% |
| Adani Green Energy | ₹894.5 | 3.92% |
| Adani Ports | ₹1,162 | 2.67% |
| Adani Power | ₹517.2 | 1.72% |
| Adani Total Gas | ₹592 | 2.17% |
| Ambuja Cement | ₹547.95 | 1.00% |
| ACC | ₹2,005 | 0.92% |
| NDTV | ₹116.78 | 2.10% |
The Trump administration has ordered the Justice Department to avoid taking strong action against American citizens and companies in cases of bribery related to foreign business deals.
According to the Wall Street Journal report, US Attorney General Pam Bondi has said that now the focus of the investigation will be on drug mafia and terror funding, and not on business bribery.
This means clearly - many multinational companies which were under investigation in the US can now get relief. Impact on Adani Group - India's Adani Group is facing allegations of bribing foreign officials in the US. The WSJ report claims that Gautam Adani's lawyers are demanding the US Justice Department to drop the charges in these cases. The Adani Group has described these allegations as completely baseless. But under the new policy of the Trump administration, this case can now be considered less serious and the company can get relief in the US. Experts believe that this move of Trump is going to give relief to the companies, but it can weaken America's image towards serious crimes. This decision can be an opportunity for foreign investors, but it is also important to see to what extent America ignores these crimes now. Overall- The Trump administration's soft stance on white collar crime is emerging as a potential relief for India's big companies, especially the Adani Group. But this issue is very sensitive both politically and legally. It remains to be seen in the coming weeks whether this stance really gives Adani and other companies a clean chit in America or is it just an election strategy.
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