Gautam Adani accused of bribery in US

Gautam Adani accused of bribery in US

Gautam Adani charged with bribery in US: Accused of paying Rs 2,000 crore to officials for solar energy deal in India US authorities have filed a case in the US against prominent Indian industrialist Gautam Adani, accusing him of paying $250 million (about Rs 20.75 billion) in bribes to Indian officials in exchange for a contract for his company and trying to cover up the matter. According to US prosecutors, Adani and other senior officials of his company promised to pay bribes to Indian officials in exchange for giving a contract to a renewable energy company. The company was expected to earn more than $2,000 billion in profits over 20 years from the deal. The Adani Group has not yet responded to the allegation. A New York federal court has charged Gautam Adani and seven others with billions of dollars in fraud and bribery. Adani's nephews Sagar Adani and Vineet Jain are also involved in the case. Other accused include Serial Cabins, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal. Sagar Adani and Vineet Jain held meetings for the scheme and collected $3 billion in funds from American investors in the name of the Adani Green Energy deal to collect bribe money. And tried to obstruct the investigation. FBI officer James Dennehy said that the suspects tried to interfere with the judicial process.