American court accuses Indian billionaire Gautam Adani of fraud and bribery.

A US court has accused Indian billionaire Gautam Adani and seven others with charges of fraud and bribery. The bribery charge includes an amount of 250 million US dollars, promised to be paid to Indian government officials, for getting a solar energy contract. Gautam Adani is also accused of conspiracies to commit securities fraud, and orchestrating “a multi-billion dollar scheme” to defraud U.S. investors and global financial institutions by giving “false and misleading statements”. The accusation was revealed by the U.S. Attorney’s Office for the Eastern District of New York on November 20th.

[ Source : The Hindu dt. 22-11-2024 ]