Gautam Adani Faces US Indictment Over Bribery Allegations
Indian billionaire Gautam Adani has been indicted by US federal prosecutors for allegedly orchestrating a bribery scheme to secure favorable solar power contracts in India, potentially profiting over $2 billion. The charges, which include securities fraud, involve Adani, his nephew, and executives from Adani Group and a Canadian pension fund. The scheme allegedly involved $250 million in bribes to Indian officials and was concealed from US investors. The indictment could reignite scrutiny on Adani Group, which has faced previous allegations of fraud.