U.S. Indictments Against Gautam Adani: Bribery Allegations Shake the Business World

The U.S. Justice Department has initiated an investigation into potential bribery and corruption involving the Adani Group and its founder, Gautam Adani. The probe is focused on allegations that the group or its affiliates may have bribed Indian officials to secure favorable outcomes on energy projects. The investigation, led by the U.S. Attorney’s Office for the Eastern District of New York and the DOJ’s fraud division in Washington, also involves Azure Power Global, a competitor in India’s renewable energy sector. This development builds on earlier accusations by short-seller Hindenburg Research, which alleged that the Adani Group engaged in stock manipulation, accounting fraud, and misuse of offshore entities. These allegations caused […]

U.S. Indictments Against Gautam Adani: Bribery Allegations Shake the Business World