US Charges Gautam Adani With Fraud Over Bribery Scheme

Published On Nov 20, 2024, 5:46 PM

Gautam Adani, a prominent Indian billionaire and head of the Adani Group, has been charged in the U.S. with multiple counts of fraud regarding a bribery scheme. Prosecutors allege that Adani and his associates paid over $250 million in bribes to Indian officials to secure lucrative solar energy contracts through Adani Green Energy. Additionally, they purportedly misled U.S. investors during a bond offering in 2021 by providing false statements about their anti-corruption measures.