US charges Indian billionaire Gautam Adani with fraud

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The story "US charges Indian billionaire Gautam Adani with fraud" was covered 2 days ago by BBC Business, a news publisher based in United Kingdom.

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US charges Indian billionaire Gautam Adani with fraud - BBC Business

Quick Summary:

The Adani Group has denied the allegations of bribery and fraud, calling them "baseless".

In the indictment, prosecutors alleged the tycoon and other senior executives had agreed to the payments to Indian officials to win contracts for his renewable energy company expected to yield more than $2bn in profits over 20 years.

Opposition parties have long demanded a joint parliamentary investigation into the Hindenburg allegations against the Adani Group.