Indian billionaire Gautam Adani charged by US over $250 mln bribery scheme
Investing.com-- Gautam Adani, Chair of the eponymous Indian conglomerate, was indicted with seven other men by a New York court on Wednesday on charges of a massive bribery scheme and for allegedly misleading investors.
The bribes were paid between 2020 and 2024- a period that was also marked by a sharp increase in Adani’s wealth.)- had also risen sharply in valuation over the past four years. Adani Enterprises is the flagship company of the conglomerate. “The defendants orchestrated an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars and Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain lied about the bribery scheme as they sought to raise capital from U.S. and international investors,” U.S. Attorney Breon Peace said in a statement.
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