Articles tagged under: Karan Adani

US prosecutors indict Adani & 7 others for allegedly promising $250 million in bribes to secure solar energy contract

November 21, 2024
US prosecutors indict Adani & 7 others for allegedly promising $250 million in bribes to secure solar energy contract

New York: US prosecutors in New York have indicted Adani Group Chairman Gautam S. Adani, his nephew Sagar Adani, and six other individuals for allegedly offering over $250 million in bribes to Indian government officials. The bribes were reportedly intended to secure lucrative solar energy contracts with state electricity distribution companies in India. Rejecting the allegations, an Adani Group spokesperson stated, "The allegations made by the US Department of Justice and the US Securities a...Read More