NewsEnglish • 12 hours ago

Billionaire Gautam Adani charged in US over alleged $250m bribery plot

www.theguardian.com

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Billionaire Gautam Adani charged in US over alleged $250m bribery plot

www.theguardian.com

NewsEnglish • 12 hours ago

Indian chair of Adani Group, worth about $85bn, accused of agreeing to pay bribes to obtain solar energy contracts

Summary

Billionaire Gautam Adani and two executives were charged in New York with orchestrating a $250 million bribery scheme to secure lucrative solar energy contracts in India, expected to yield $2 billion in profits.

U.S. prosecutors allege Adani bribed Indian officials between 2020 and 2024, concealed the scheme from U.S. investors, and engaged in securities and wire fraud.

The SEC also filed charges, citing corruption and deception.

Adani, whose fortune is estimated at $85 billion, previously faced allegations of stock manipulation and fraud, which he has denied.

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@PugJesus
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English
11•12 hours ago
Wow, officials in India are a lot more expensive than the ones here in the US.
@[email protected]
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fedilink
English
10•12 hours ago
As an Australian this makes me extremely happy. Fuck Adani and Adani Group.
@Bonesince1997
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2•9 hours ago
$85 billion, but I gots to cheat. You know how it is.

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