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US court cloud over Adani
The New Indian Express
|November 22, 2024
$250 million kickbacks to sign power pacts | Bribery charges against Adani Group head
THE US Department of Justice (DoJ ) has indicted Adani Group chairman Gautam Adani and seven others on bribery charges involving over $250 million in payments to Indian government officials to secure solar energy contracts. The US Attorney's Office for the Eastern District of New York charged Adani and others with conspiracy to ~ commit securities and wire fraud, as Well as substantive securities fraud, for their involvement in a multi-billion dollar scheme to deceive US investors and global financial institutions with false and misleading statements.
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