Reported 4 days ago
Indian billionaire Gautam Adani faces bribery charges in the US for allegedly collaborating with executives from a former NYSE-listed firm to orchestrate a $265 million scheme to bribe Indian officials to promote their solar energy business. The Adani Group dismissed the accusations as 'baseless,' while Indian officials have remained silent. The indictment reveals details of the conspiracy, including tracking bribes through mobile phones and misleading investors about anti-bribery commitments. The Adani Group plans to pursue all legal options in response to the indictment.
Source: YAHOO