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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 scheme to bribe officials in India, authorities said Wednesday.
  • Adani and seven executives, including his nephew, promised over US$250 million in bribes to obtain solar energy contracts, which could yield over $2 billion in profits over 20 years.
  • The indictment revealed that conspirators used codenames like "Numero uno" to refer to Adani in private discussions.
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