Source: NBC News
“U.S. prosecutors have charged Gautam Adani, India’s second-richest person, with fraud over accusations that he and several alleged co-conspirators sought to pay $250 million in bribes to Indian officials. The U.S. attorney’s office in Brooklyn, New York, accused the executives, most of them Indian, on Wednesday of obtaining funds from investors in the U.S. and other international lenders ‘on the basis of false and misleading statements’ while, authorities say, they bribed Indian officials as they sought billions in solar power contracts. … India’s opposition party has accused Adani of benefiting from his strong ties to Indian Prime Minister Narendra Modi.” (11/209/24)