US charges billionaire Gautam Adani with $265 million bribery scheme, alleged investor fraud
US prosecutors accused to adani group for a bribery of $265 million tied with a project of solar energy
Charges include securities and wire fraud, alleging investors were misled about the project's integrity.
The indictment details bribes to Indian officials to secure lucrative energy contracts.
The Adani Group denies wrongdoing, claiming compliance with anti-corruption laws.
Other entities in India’s green-energy sector, like Azure Power, are also under scrutiny.
The case raises concerns over corporate governance in India and global energy investments.
The investigation is part of broader anti-bribery and corruption efforts by the U.S. Justice Department.
If convicted, the charges could severely impact Adani Group's global reputation.