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Who is Sagar Adani, accused of bribery and fraud charges along with Gautam Adani in the US?
Credit: IndiaTimes- Published on November 21, 2024
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 on November 21, 2024 - 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
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