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Indian Billionaire Faces Fraud Charges in the US


Gautam Adani, one of the world's richest men and a key ally of Indian PM Narendra Modi, faces US fraud charges.

Gautam Adani, one of the world's richest men and a key ally of Indian PM Narendra Modi, faces US fraud charges.


Accused of orchestrating a $250m bribery scheme, the charges could jeopardize his $169bn empire spanning ports, energy, and infrastructure.


US prosecutors allege Adani and his executives paid bribes to Indian officials to secure contracts worth $2bn in profits over 20 years.


Adani Group has denied the claims, calling them "baseless."

November 22, 2024

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