How Indian billionaire Gautam Adani's alleged bribery scheme took off and unravelled

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How Indian billionaire Gautam Adani's alleged bribery scheme took off and unravelled - Channel News Asia

Quick Summary:

NEW YORK: In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: An agreement to supply 8 gigawatts of electricity to a state-owned power company.But there was a problem.

The representatives and investor allegedly agreed to tell Azure's board of directors that Adani had requested bribe money, but hid their role in the scheme, prosecutors said.

This account of how the alleged scheme unfolded is drawn from federal prosecutors' 54-page criminal indictment of Adani and seven of his associates and two parallel civil SEC complaints, which extensively cite electronic messages between the scheme's alleged participants.