Gautam Adani Indicted in New York for $250M Bribery Scheme
Indian billionaire Gautam Adani, chairman of the Adani Group, has been indicted by the U.S. Department of Justice on serious fraud charges linked to a bribery scheme involving over $250 million. The accusations involve bribing Indian government officials to secure solar energy contracts, misleading investors, and raising billions in capital through deceitful practices. This case follows Hindenburg Research's allegations of stock manipulation against Adani's companies, sparking investigations from the SEC and resulting in plummeting market values for Adani's enterprises.