Indian Billionaire Gautam Adani Indicted in U.S. Over Alleged Bribery Scheme

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By Aadil Brar/Andy Hsueh

Indian billionaire Gautam Adani has been indicted in the U.S., accused of misleading investors over an energy deal. The indictment says Adani Green, a subsidiary of Adani Group, planned to pay Indian officials US$250 million in bribes to secure contracts for their renewable energy business, and hid the scheme from U.S. investors and banks.