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U.S. federal prosecutors have indicted Indian billionaire Gautam Adani and seven associates on charges of orchestrating a $250 million bribery scheme to secure favorable terms on solar power contracts in India. The indictment alleges that between 2020 and 2024, Adani and his co-defendants paid substantial bribes to Indian government officials to obtain contracts projected to yield over $2 billion in profits.
The charges, unsealed in the Eastern District of New York, include conspiracy to commit securities fraud, wire fraud, and violations of the Foreign Corrupt Practices Act. Prosecutors assert that Adani and his associates concealed the bribery scheme. . .
