Similar Stories to Indian Billionaire Gautam Adani Indicted On Bribery Charges In Alleged Bribery Scheme on Bing News

Prosecutors have charged Indian billionaire Gautam Adani in a massive bribery scheme.Photo credit should read SAM PANTHAKY/AFP via Getty ImagesIndian billionaire Gautam Adani has been charged in a massive bribery scheme.US prosecutors allege he and his execs bribed Indian government officials to secure energy contracts.Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege.Prosecutors brought bribery charges against billionaire Gautam Adani, one of the richest people in India, alleging the business magnate and seven of his senior executives paid hundreds of millions of dollars in bribes to the Indian government and hid them from US investors.New York prosecutors allege in an indictment that Adani and his executives promised more than $250 million in bribes to win solar energy contracts from the Indian government between 2020 and 2024.Those contracts, according to federal prosecutors, were projected to generate more than $2 billion in profits after tax over roughly a 20-year period.Prosecutors allege that Adani personally met with an Indian government official on several occasions in order to advance the elaborate scheme.In a parallel action, the SEC on Wednesday charged Adani and his nephew, Sagar Adani, with violating the antifraud provisions of the federal securities laws.

BING NEWS:
  • Indian billionaire Gautam Adani indicted in US bribery case
    STORY: U.S. authorities have indicted Indian billionaire Gautam Adani over an alleged multibillion-dollar bribery and fraud scheme.The indictment was filed Wednesday in New York. It accuses Adani and ...
    11/20/2024 - 2:00 pm | View Link
  • US charges Indian billionaire Gautam Adani in bribery case
    Gautam Adani, the billionaire chairman of Indian conglomerate Adani Group, has been indicted in New York, charged with paying hundreds of millions of dollars in bribes as part of a massive fraud ...
    11/20/2024 - 12:27 pm | View Link
  • Billionaire Gautam Adani charged with bribery and fraud
    The indictment — against Adani and seven other defendants, including his nephew Sagar Adani — portrays Adani and his co-defendants of playing two sides of ...
    11/20/2024 - 11:19 am | View Link
  • US charges billionaire Gautam Adani with defrauding investors
    One of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribe ...
    11/20/2024 - 10:38 am | View Link
  • U.S. indicts Indian billionaire Gautam Adani in $265 million bribery scheme
    Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
    11/20/2024 - 10:33 am | View Link
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