Trusted News Discovery Since 2008
{{/content}}
Who is Sagar Adani, accused of bribery and fraud charges along with Gautam Adani in the US?
Credit: IndiaTimes- Published 4 hours ago
US prosecutors have accused Sagar Adani, nephew of Indian billionaire Gautam Adani, and others of orchestrating a massive bribery scheme. They allegedly paid over $250 million to Indian officials to secure lucrative solar energy contracts. Arrest warrants have been issued, and the Adani Group's stocks and bonds have plummeted.
Video credit: Oneindia
Published 10 hours ago - 03:06
BREAKING: US authorities accuse the Adanis of a $265 million bribery scheme to secure loans.
The US has issued arrest warrants for Gautam and Sagar Adani over a $265 million bribery and fraud scheme. The Adani Group is accused of concealing corruption to raise billions in loans while securing energy contracts. The case also involves international defendants, including Australian businessman Cyril Cabanes, and violates the US Foreign Corrupt Practices Act. The controversy adds to scrutiny over the group's controversial projects like the Carmichael coal mine.
#Adani #Bribery #Fraud #USWarrants #CarmichaelMine #Corruption #EnergyContracts #GlobalInvestigation #USWarrants #Oneindia #OneIndiaNews
~HT.318~PR.362~ED.346~GR.122~
You are here
Related videos from verified sources
Gautam Adani Indicted in U.S: Rahul Gandhi Calls for Immediate Arrest Amid Prosecutor Claims| VIDEO 03:44
Credit: Oneindia - Published 6 hours ago
Related news from verified sources
Adani Group stocks experienced a sharp and widespread selloff on Thursday after US prosecutors announced bribery and fraud charges against Gautam Adani and seven...
9 hours ago • Invezz
The US Department of Justice and the US Securities and Exchange Commission have charged Gautam Adani and seven other executives with bribery and fraud. However,...
8 hours ago • IndiaTimes
Leader of Opposition Rahul Gandhi on Thursday demanded immediate arrest of industrialist Gautam Adani after the billionaire industrialist was charges in the US...
8 hours ago • DNA