Indian billionaire Gautam Adani and at least 7 other high-ranking executives have all been charged in New York in connection to a wide-ranging billion-dollar fraud scheme.
The Lowdown
Reports indicate that New York is pursuing Indian billionaire Gautam Adani on allegations involving him and seven others in a widespread scheme that spanned multiple continents. This scheme reportedly involved around $250 million in bribes exchanged between members of the Adani family and the Indian government to secure solar energy contracts.
The scheme reportedly took place between 2020 and 2024 and included several personal meetings between Adan himself and Indian government officials. Adani is India ‘s second wealthiest man with an estimated net worth of $85B behind Mukesh Ambani.