NEW YORK (AP) — An Indian businessman who is 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 his home country by concealing that it was being facilitated by an alleged bribery scheme. Gautam Adani, 62, was charged in an indictment unsealed Wednesday with securities fraud and conspiring to commit securities and wire fraud. He is accused of defrauding investors who poured several billion dollars into the project by failing to tell them about a plan to secure lucrative solar energy supply contracts by paying more than $250 million in bribes paid to Indian officials. Several other people connected to Adani, his businesses and the project were also charged. The indictment alleges they sought to “obtain and finance massive state energy supply contracts through corruption and fraud at the expense of U.S.

BING NEWS:
  • 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. charges Indian billionaire Gautam Adani with defrauding investors over bribery scheme
    An Indian businessman who is 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 his home country by concealing that it ...
    11/20/2024 - 9:09 am | View Link
  • US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
    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 ...
    11/20/2024 - 8:37 am | View Link
  • Gautam Adani charged with alleged bribery scheme; hiding plan to bribe Indian officials, says U.S.
    The U.S. Securities and Exchange Commission (SEC) has charged billionaire Gautam Adani ... Mr. Adani and seven other executives are accused of bribing Indian government officials to secure lucrative ...
    11/20/2024 - 8:35 am | View Link
  • US prosecutors charge billionaire Gautam Adani with defrauding investors, concealing scheme to bribe officials in India
    US prosecutors charge billionaire Gautam Adani with defrauding investors, concealing scheme to bribe officials in India.
    11/20/2024 - 8:34 am | View Link
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