Supreme Court to Hear US Bribery Case Alleging $265M Scheme by Adani Group

A new petition filed in the Supreme Court asks for a review of bribery and fraud charges against Gautam Adani and his associates, as accused by US authorities. The petition also questions the Securities and Exchange Board of India’s (Sebi) handling of these allegations. The Adani Group, which is facing bribery charges related to solar contracts, has denied all accusations, leading to increased scrutiny and calls for an investigation into Sebi’s actions.

By Vishal Kumar

What Are the Allegations Against Gautam Adani in the US Bribery Scandal?

Gautam Adani, along with his nephew and six others, has been charged by US prosecutors for allegedly paying Rs 2,029 crore ($265 million) in bribes to Indian government officials to secure solar power contracts. The bribes, paid between 2020 and 2024, were hidden from US banks and investors. This case follows a 2023 report accusing the Adani Group of fraud and stock manipulation.

By Avi G

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