Reported about 7 hours ago
Indian billionaire Gautam Adani faces serious U.S. criminal and civil charges related to an alleged bribery scheme aimed at securing lucrative solar energy contracts. The accusations suggest that in 2020, Adani's company bribed local officials to ensure state-owned power companies would purchase the electricity generated, despite resistance due to pricing issues. The investigation has led to multiple indictments and a significant drop in the market value of Adani Group companies, raising concerns about fraud and corruption in their dealings.
Source: YAHOO