In December 2024, federal prosecutors in Brooklyn unsealed an indictment charging Gautam Adani, an Indian businessman, with bribing Indian officials to purchase electricity from his company Adani Green Energy, a subsidiary of his Adani Group conglomerate. Additionally, the indictment accuses Adani of misleading US investors by providing false or misleading information about the company’s anti-corruption practices. The charges are related to the production and sale of electricity in India, which was allegedly generated by Adani Green Energy. The prosecution is seeking accountability from Adani for allegedly using corrupt means to achieve his business goals.
Despite a formidable case against Gautam Adani, legal experts caution that extradition from the US seems unlikely.
by Team Small News | Dec 16, 2024 | Adani Green Energy | 0 comments