Details on Adani corruption scandal explained
Автор: Hype Monitor
Загружено: 2024-11-21
Просмотров: 102
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Billionaire Gautam Adani, his nephew Sagar Adani, and six others have been indicted by the US Securities and Exchange Commission (SEC) over an alleged $265 million bribery and fraud scheme.
The charges involve paying bribes to Indian government officials to secure solar energy project contracts for Adani Green Energy. The SEC alleges that Adani misled US investors during a 2021 fundraising, where $750 million was raised, including $175 million from US investors.
Former Azure Power executive Cyril Cabanes, along with other Indian nationals, is also implicated in the case, which highlights ongoing corruption despite claimed anti-corruption efforts.
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