Prosecutors said the US started an investigation in 2022. They alleged that the group raised USD 2 billion in loans and bonds, including from US firms, on the backs of false and misleading statements related to the firm's anti-bribery practices and policies as well as reports of the bribery probe

Billionaire Gautam Adani and his executives have been accused of paying bribes to obtain solar energy contracts. The allegations by US prosecutors raised a political firestorm back home and tanking of Adani Group shares. 

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.

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

NEW YORK: 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. But there was a problem. Local power companies did not w