Prosecutors accuse billionaire and others of lying to investors and offering millions in bribes to land lucrative contracts
Indian billionaire Gautam Adani has been charged by federal prosecutors in New York in connection with an alleged years-long scheme to bribe Indian officials in exchange for favourable terms on solar power contracts projected to bring in more than $2bn in profit.
which invests in infrastructure projects, is a shareholder in Adani companies. The indictments threaten to reignite a public relations crisis for Adani Group, which has spent much of last year trying to move past the damaging claims of accounting fraud and stock market manipulation made by US short seller Hindenburg Research. “This indictment alleges schemes to pay over $250 million in bribes to Indian government officials” US deputy assistant attorney-general Lisa Miller said.
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