US Congressmen slam Biden admin for 'misguided crusade' against Adani Group

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US Congressmen slam Biden admin for 'misguided crusade' against Adani Group - Business Standard

Quick Summary:

The lawmakers also linked the matter to Donald Trump’s broader economic agenda, arguing that strengthening ties with Indian partners was vital for US economic growth.

Billionaire Gautam Adani was charged by US prosecutors in connection with an alleged $265 million bribery scheme.

US authorities, under the Biden administration, labelled the case “The Corrupt Solar Project”, asserting that illicit payments came to their attention when Adani’s firms sought investments from US-based financiers from 2021 onwards.