U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme

Gautam Adani, the Chairman of India’s Adani Group, has been indicted in the U.S. on charges of securities fraud and conspiracy in connection with a solar energy project in India. The indictment alleges that Adani and his co-defendants concealed an alleged bribery scheme while soliciting investments from Wall Street investors. They are accused of paying bribes to Indian government officials to secure contracts and financing. The U.S. Department of Justice and the SEC are pursuing legal actions against Adani and his co-defendants in federal court in Brooklyn.

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