Billionaire Gautam Adani indicted in New York on bribery charges
By Ramishah Maruf, CNN
Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors say.
Photo: AFP / PUNIT PARANJPE
Indian billionaire Gautam Adani and other executives have been indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice says.
Authorities said Adani and seven other senior business executives, including his nephew Sagar Adani, promised more than US$250 million in bribes to Indian government officials to secure solar energy contracts.
Those bribes were "to lie to investors and banks to raise billions of dollars, and to obstruct justice," said Deputy Assistant Attorney General Lisa Miller in a statement Wednesday.
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