Gautam Adani and Nephew Face Major US Bribery and Fraud Charges in Solar Power Contract Scandal

Gautam Adani and Nephew Face Major US Bribery and Fraud Charges in Solar Power Contract Scandal

5 Jan
Rohan Neeraj

In a high-profile case capturing international attention, Gautam Adani and his nephew Sagar Adani face charges by the US Department of Justice for a $250 million bribery scheme. The allegations include securities and wire fraud, accusing the Adani Group of deceiving US investors and government officials to secure profitable solar power contracts in India. Arrest warrants have been issued as scrutiny on the Adani Group intensifies following previous accusations of fraud.

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Gautam Adani's Alleged Bribery Scandal: A Deep Dive Into The Solar Power Fraud Charges

Gautam Adani's Alleged Bribery Scandal: A Deep Dive Into The Solar Power Fraud Charges

15 Dec
Rohan Neeraj

Gautam Adani faces severe allegations in the US, accused of orchestrating a $250 million bribery scheme to bag solar energy contracts from the Indian government. He, along with several high-profile defendants, including his nephew and former executives, are alleged to have falsified records to charm investors. The US SEC has also filed civil charges against Adani Green Energy Ltd. for deceiving investors and misrepresenting their operations.

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