India’s Adani Group has warned Bangladesh’s new government that its backlog of overdue payments has become “unsustainable”, as the country falls $500mn behind on dues from a contentious power project.
The overdue power liabilities are threatening an early crisis for the interim government of Nobel Peace Prize laureate Muhammad Yunus, who took over last month after student protesters ousted authoritarian prime minister Sheikh Hasina, a close partner of India.
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