Gautam Adani, one of the world’s wealthiest individuals and the chairperson of India’s Adani Group, has now been accused in a New York court. According to a report by the BBC, allegations of bribery and fraud have been brought against Adani.
The BBC reports that on Wednesday, criminal charges were filed against 62-year-old Adani in a New York court. U.S. prosecutors stated that Adani has been implicated in a multi-billion-dollar bribery and fraud scheme.
Reuters reported that Adani has been accused of accepting $250 million in bribes and concealing the funds to raise money in the United States.
According to Voice of America, Adani is accused of defrauding investors who had invested billions of dollars in a project. He allegedly failed to disclose that he secured this lucrative solar power supply contract by paying over $250 million in bribes to Indian officials.
Deputy Assistant Attorney General Lisa Miller stated, “The allegations suggest that they sought to use U.S. investors to finance and secure a nationwide energy contract through corruption and fraud.”
However, the Adani Group has not yet made any immediate comments regarding the matter.
Source: Ittefaq
