Bribery Charges Against Gautam Adani Strike at Heart of Modi’s India

Published On Nov 21, 2024, 7:55 AM

Gautam Adani, a prominent Indian billionaire and head of the Adani Group, has been indicted by U.S. federal prosecutors for multiple counts of fraud related to a bribery scheme that involved $265 million paid to Indian officials. The Adani Group, which has grown significantly in value over the last decade, has denied the allegations, claiming they are baseless. This indictment not only targets Adani but also raises questions about the nature of business practices in India, particularly under Prime Minister Narendra Modi.