Gautam Adani Indictment Case Explained | Gautam Adani Bribery Case | Gautam Adani Fraud Case
Just as the Adani group had just about moved past the allegations of stock market manipulation fraud levelled by US based short-seller Hindenburg Research a few months ago, now, the US Attorney’s office in new york announced that it has indicted Adani Group Chairman Gautam Adani and 7 others over an alleged years-long scheme to bribe Indian officials. US prosecutors claim $250 million in bribes were paid to unnamed Indian officials in exchange for favorable terms on solar power contracts awarded to Adani Green Energy and to Azure Power Global, another New Delhi-headquartered firm. But what exactly happened, what is the exact charge against the Adani group, how did it all start and how is it likely to impact the Adani Group going forward?
#adani #gautamadani #scam
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