CosmicTaco

Indian Tycoon Gautam Adani Indicted in US Over $250mn Bribery Scheme

CosmicTaco · 2024-11-21T08:53:22.271344+05:30

* Indian billionaire Gautam Adani has been charged by US prosecutors over an alleged bribery scheme involving Indian officials and solar power contracts. * More than $250mn in bribes were allegedly paid between 2020 and 2024, concealed from US banks and investors. * The charges could reignite a reputational crisis for Adani Group, which faced accusations of accounting fraud and stock market manipulation last year. Source: [Financial Times](https://www.ft.com/content/cab2e834-e5fa-4dd0-b757-76c243ac2eeb)

Indian billionaire Gautam Adani has been charged by US prosecutors over an alleged bribery scheme involving Indian officials and solar power contracts.
More than $250mn in bribes were allegedly paid between 2020 and 2024, concealed from US banks and investors.
The charges could reignite a reputational crisis for Adani Group, which faced accusations of accounting fraud and stock market manipulation last year.

Source: Financial Times

3mo ago

DerpyPotato

Laid-off3mo

Biden starting World War 3, villianising India, trying to destroy the world as much as he can before he leaves. It seems that's how he wants to be remembered in history. Plus, he has dementia and no US President gets persecuted (by US or ICC) no matter what they do be it Clinton, Obama or Biden.

WigglyBanana

Stealth3mo

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