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U.S. Prosecutors Indict India’s Wealthiest Man, Gautam Adani, on Bribery Charges

HeadlineNov 22, 2024

Federal prosecutors in Brooklyn have indicted India’s wealthiest man, Gautam Adani, and several associates on multiple counts of fraud under the Foreign Corrupt Practices Act, a U.S. anti-bribery law. Prosecutors accuse Adani of leading a $250 million bribery scheme in India to obtain solar energy contracts worth billions of dollars — and then covering up the graft to raise money from U.S. and international investors. Adani, who is listed as the world’s 19th richest person, with a net worth of more than $85 billion, is a close ally of Indian Prime Minister Narendra Modi, who has repeatedly helped the Adani Group win lucrative government contracts.

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