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Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme

Gautam Adani has been indicted in the U.S. For securities fraud and wire fraud related to a solar energy project in India.
He allegedly concealed a bribery scheme involving over $250 million paid to Indian officials to secure contracts.
Adani faces charges alongside seven executives, including his nephew, who promised bribes to government officials to secure lucrative contracts.

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tippinsights

Trump, Adani, And The $10B Collision

Most Americans have not heard of Gautam Adani, one of the wealthiest individuals in the world. The 62-year-old Indian businessman, a close friend and supporter of Indian Prime Minister Narendra Modi, has made his name by promoting and owning mega-infrastructure projects around the globe. Adani's far-flung enterprise has interests in coal, mining, ports, highways, airports - and, most recently, solar power generation. Why would an unknown busines…

4 months ago

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thepatriotlight.com

ThePatriotLight - Adani charges to test Trump’s desire to keep India in U.S. orbit

ThePatriotLight - In 2018, the arrest of an executive with Chinese tech giant Huawei Technologies Co. for breaching U.S. laws shocked President Xi Jinping’s inner circle and raised questions over whether Donald Trump would intervene in the case.Trump now faces a similar dilemma after U.S. prosecutors charged Gautam Adani — India’s most powerful businessman and a close ally of Prime Minister Narendra Modi — in a $250 million bribery scheme. While…

4 months ago

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BBC News

Gautam Adani: US charges Indian billionaire with fraud

The Adani Group has denied the allegations of bribery and fraud, calling them "baseless".

4 months ago·United Kingdom

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jurist.org

US indicts Indian billionaire and associates for concealing bribery scheme from US investors

A New York federal court Thursday indicted Indian billionaire Gautam Adani and other executives of his renewable energy company. The charges include conspiracy to commit securities and wire fraud and substantive securities fraud in a multi-billion USD scheme to obtain funds from US investors and global financial institutions on the basis of false and misleading statements. The federal indictment accuses Gautam Adani, Adani Green Energy executive…

4 months ago

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Al Bawaba

What you need to know about Gautam Adani, accused of bribery in the US

ALBAWABA - Gautam Adani, an Indian billionaire, businessman, and the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India, was recently accused in a bribery incident worth approximately $265 million in the US...

4 months ago·Amman, Jordan

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Straight Arrow News

Indian billionaire Gautam Adani faces US charges in $250M bribery scandal

Indian billionaire Gautam Adani, one of the world’s wealthiest individuals, is under investigation by U.S. authorities for alleged bribery and fraud. Prosecutors accuse Adani and seven others of paying $250 million in bribes to Indian officials to secure lucrative solar energy contracts projected to generate over $2 billion in profits. According to the U.S. Department of Justice (DOJ), Adani and his associates used corrupt practices to win contr…

4 months ago

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