Gautam Adani Faces US Bribery and Fraud Charges, Impacting Adani Enterprises
TL;DR Summary
Indian billionaire Gautam Adani and several executives have been indicted in New York for allegedly orchestrating a multi-billion-dollar fraud scheme involving bribery to secure solar energy contracts. The US Department of Justice claims Adani and others promised over $250 million in bribes to Indian officials, impacting Adani Group's stock value and sparking political controversy in India. The SEC has also charged Adani and others for misleading US investors, while Adani's reputation has been under scrutiny since a 2023 report by Hindenburg Research accused his group of stock manipulation and fraud.
- Billionaire Gautam Adani indicted in New York on bribery charges CNN
- India's Adani Enterprises tanks after founder's US charges Yahoo Finance
- US Charges Gautam Adani With Fraud Over Bribery Scheme The New York Times
- 'Intimate nexus': Congress reacts to US bribery allegations against Adani The Times of India
- Why has Gautam Adani been indicted in the US and what are the charges against him? Hindustan Times
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