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Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme

20 November 2024
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Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme
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Gautam Adani, chair of India’s Adani Group and one of the world’s richest individuals, was indicted in New York federal court for his alleged involvement in a bribery and fraud scheme worth over $250 million. Along with two executives, Adani is accused of paying bribes to Indian government officials to secure solar energy contracts worth more than $2 billion in profits. The indictment also charges individuals from other companies involved in the scheme with securities fraud conspiracy, wire fraud conspiracy, and securities fraud.

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Tags: AdaniBillionaireBreaking News: AsiaBreaking News: MarketsBreaking News: PoliticsbriberyBusinessbusiness newschargedcollusioncrimeEnergyfraudGautamlawsmassivePoliticsSchemeSecurities fraudYork
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