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Billionaire Gautam Adani charged in New York with massive fraud

  • Billionaire Gautam Adani has been charged by u.s. Federal prosecutors with defrauding investors and orchestrating a covert scheme to bribe officials in india, authorities said wednesday.
  • Adani and seven other senior business executives promised more than us$250 million in bribes to indian government officials to secure solar energy contracts.
  • The charges follow earlier accusations of fraud by hindenburg research, alleging schemes to pay over $250 million in bribes and to lie to investors and banks, said deputy assistant attorney general lisa miller.
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