New York: Billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian

The chairman of the Adani Group has been charged with bribery linked to lucrative solar energy projects.

Indictment portrays Adani and co-defendants of playing two sides of a deal

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.

Those bribes were "to lie to investors and banks to raise billions of dollars, and to obstruct justice," the Deputy Assistant Attorney General said.

Gautam Adani and his associates were accused of paying more than $250 million in bribes to obtain lucrative solar energy contracts.

US prosecutors have alleged Gautam Adani and his associates of paying bribes to Indian government officials between 2020 and 2024.

Billionaire Gautam Adani is accused of agreeing to pay more than US$250 million in bribes to Indian government officials to obtain solar energy supply contracts worth US$2 billion.

Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday, AFP...

NEW YORK: Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments...

Indian magnate Gautam Adani, one of the world's richest men and a strong backer of Indian Prime Minister Narendra Modi, was charged by US prosecutors on Wednesday for allegedly paying over $250 million…

Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.

Gautam Adani and others are accused in the New York indictment of paying Indian government officials $250 million to secure solar energy supply contracts.

Adani, a power player in the world’s most populous nation, allegedly sought to “obtain and finance massive state energy supply contracts through corruption and fraud at the expense of U.S. investors.”

Gautam Adani bribery case: US prosecutors indicted Gautam Adani and 7 others for allegedly paying Rs 2,029 crore in bribes to Indian government officials for securing solar power contracts. What is the case?

Contracts projected to generate more than $2b in profits after tax, over roughly 20 years

The investigation was conducted by the FBI New York's Corporate, Securities and Commodities Fraud and International Corruption Units.

Shares of India's Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.

Adani Group bribery charge: Following the charges, shares of Adani Group have crashed by up to 20%, with Adani Green down 18% on the Bombay Stock Exchange (BSE).

Gautam Adani indicted: SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.

Mumbai: After US prosecutors accused Gautam Adani and other executives of the Adani Group of orchestrating a $250 million bribery scheme, the conglomerate cancelled its $600 million bond offering. The charges were filed by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). It caused Adani’s US dollar bonds to drop […]

Breon Peace further alleged that the people named in the indictment undermined the integrity of international financial markets and defrauded U.S. and global investors. | OpIndia News

In 2022, Gautam Adani said the company would invest USD 70 billion in clean energy projects by 2032. The company has a clean energy portfolio of over 20 gigawatts, including one of the world's largest solar power plants in the southern state of Tamil Nadu.

Adani was indicted in connection with scheme to pay millions of dollars in bribes