Indian billionaire Gautam Adani is accused of bribery: This is how the scheme took off and unravelled, according to US prosecutors

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NEW YORK, Nov 22 — In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it call...

Local state electricity distributors were reluctant to commit to buying the new solar power, expecting prices to fall in the future, according to an April 7, 2021 report by the Institute for Energy Economics and Financial Analysis, a think tank.

Sagar Adani and the Azure CEO at the time discussed the delays and hinted at bribes on the encrypted messaging application WhatsApp, according to the SEC.

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Category: EconomyBusiness

Markets: MalaysiaIndiaIsraelUnited States

Topics: Gautam Adani Securities and Exchange Commission Solar Energy Corporation of India Azure Power Global Adani Green Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 19:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 1100 words

Reading Time: 7 minutes read

Sentences: 46 lines

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Copyright Owner: © Malay Mail

News ID: 23766089

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