Indian Billionaire Gautam Adani Charged with Fraud in the U.S. Allegations of Bribery and Money Laundering Surface

  • Ar-Riyad - Saudi Arabia

Translate In Arabic

The criminal charges, filed in New York, mark a significant setback for Adani, 62, one of India's wealthiest individuals, whose business interests range from ports and airports to renewable energy ventures.


Prosecutors allege that Adani and several senior executives conspired to make payments to Indian officials to secure lucrative contracts for his renewable energy company, projected to generate over $2 billion in profits over the next two decades.


The Adani Group has been operating in the United States since 2023, following a high-profile report that accused the conglomerate of fraudulent activities.


“As alleged, the defendants concocted an elaborate scheme to bribe Indian government officials to obtain billions of dollars in contracts and lied about the bribery scheme as they sought to raise capital from U.S. and international investors,” stated U.S. Attorney Brian Pace during the announcement of the charges.


Officials revealed that Gautam Adani met with government officials in person on multiple occasions to further the bribery scheme, intensifying scrutiny on his business practices and raising questions about the integrity of his operations.

To comment and like Please first login ..
Login / Register