Adani

Billionaire Adani, one of the richest men in the world, was charged with allegedly participating in a scheme that involved promising to pay more than $250 million in bribes to Indian govt officials

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Gautam Adan

Gautam Adani, Sagar Adani and Jaain were charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy

Billionaire industrialist Gautam Adani, chairman of the Adani Group, has been indicted by the US on charges of bribery and fraud under the Foreign Corrupt Practices Act (FCPA). The allegations include a scheme involving Adani, his nephew Sagar Adani, and six others, who allegedly paid bribes to Indian government officials to secure solar energy supply contracts worth $2 billion in profits over 20 years. The US Securities and Exchange Commission (SEC) also filed a complaint in the US District Court for the Eastern District of New York, claiming the group raised $175 million from US investors during the scheme.

Gautam Adani SEC indictment

Page 11 - Latest Updates on Gautam Adani SEC indictment

Adani Group scraps $600 million bond, other notes drop on US SEC charges

US SEC charges Gautam Adani, 7 others in alleged bribery, fraud scheme