Adani, others accused of paying $250M bribes to secure lucrative solar deals

Quick Summary:

US prosecutors charged Gautam Adani, his nephew Sagar, and other defendants for paying over $250 million in bribes between 2020 and 2024 to Indian government officials to win solar energy contracts.

Others who were criminally charged include Ranjit Gupta and Rupesh Agarwal, respectively former CEO and former chief strategy and commercial officer of Azure Power Global, which authorities said agreed to pay some of the bribes.

This, they alleged, was concealed from the US banks and investors from whom the Adani group raised billions of dollars for the project.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaUnited States

Topics: Solar Power Bribes Terms Energy Gautam Adani Scheme Sagar Charged Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 06:26:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 670 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23731091

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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