US charges Gautam Adani over alleged $250 million bribe plot
US charges Gautam Adani over alleged $250 million bribe plot Nov 21, 2024 08:12 AM IST Prosecutors also said the Adanis and another executive at Adani Green Energy, former CEO Vneet Jaain , raised more than $3 billion in loans and bonds by hiding their corruption from lenders and investors. Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India’s largest solar power plant project. Prosecutors also said the Adanis and another executive at Adani Green Energy, former CEO Vneet Jaain, raised more than $3 billion in loans and bonds by hiding their corruption from lenders and inves