Gautam Adani, one of India’s wealthiest individuals and chairman of the Adani Group, has been hit with serious charges in the United States. Prosecutors in Brooklyn, New York, have accused Adani and top executives in his company of paying $250 million in bribes to Indian government officials. The alleged goal? Securing lucrative solar power contracts that helped expand the company’s renewable energy business.
But that's not all. The charges also claim that Adani's team misled US investors and global banks, making false promises to raise billions of dollars. The US Department of Justice described these actions as part of a "multi-billion-dollar scheme" to gain financial advantages through corruption and deception.
Who’s Involved?
The indictment doesn't just focus on Gautam Adani. It also names:
Sagar Adani, his nephew and head of Adani Green Energy, the group’s renewable energy division.
Vneet S. Jaain, the managing director of Adani Green Energy.
Five other indi...
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