Summary
Billionaire Gautam Adani and two executives were charged in New York with orchestrating a $250 million bribery scheme to secure lucrative solar energy contracts in India, expected to yield $2 billion in profits.
U.S. prosecutors allege Adani bribed Indian officials between 2020 and 2024, concealed the scheme from U.S. investors, and engaged in securities and wire fraud.
The SEC also filed charges, citing corruption and deception.
Adani, whose fortune is estimated at $85 billion, previously faced allegations of stock manipulation and fraud, which he has denied.
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$85 billion, but I gots to cheat. You know how it is.
Wow, officials in India are a lot more expensive than the ones here in the US.
