How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
- Posted on November 22, 2024
- By Yahoo News
- 1 Views
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of electricity to a state-owned power company. Local power companies did not want to pay the prices the state company was offering, jeopardizing the deal, according to U.S. authorities. To save the deal, Adani allegedly decided to bribe local officials to persuade them to buy the electricity.