Gautam Adani incited in US over role in alleged bribery, fraud
- Posted on November 21, 2024
- By Business News Today
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Gautam Adani incited in US over role in alleged bribery, fraud
Gautam Adani, chairman of Adani Group, and seven others, including his nephew, face charges in New York for an alleged multibillion-dollar bribery scheme. Prosecutors allege they bribed Indian officials to secure solar energy contracts, potentially yielding $2 billion in profit. The Adanis allegedly hid the corruption to secure loans and bonds. Arrest warrants have been issued.