A lawsuit has been filed in New York against Gautam Adani, Chairman of the Adani Group, accusing him of involvement in a billion-dollar bribery and fraud scheme. The case names Gautam Adani, his relative Sagar Adani, and seven others as defendants.
The charges allege that the accused paid around $265 million in bribes to Indian government officials to secure solar power supply contracts, which could generate $2 billion in profits over the next 20 years. Additionally, authorities have accused Adani Green Energy of illegally raising over $3 billion in loans and bonds from the company’s lenders and investors through fraudulent means.
