The U.S. has indicted Adani Group’s leadership for an alleged $250 million bribery scheme to secure solar power contracts in India.
The case centres around a 2019 solar tender by Solar Energy Corporation of India (SECI), awarded to Adani Green Energy and Azure Power.
Bribes were allegedly paid to state officials in Odisha, Andhra Pradesh, Tamil Nadu, Chhattisgarh, and Jammu and Kashmir to ensure agreements at above-market rates.
The charges include violations of the Foreign Corrupt Practices Act (FCPA), securities fraud, and wire fraud.
What is Wire fraud?
Wire fraud is a federal crime involving the use of telecommunications or the internet to intentionally defraud someone of money, property, or services
Next Steps:
The case will move to an arraignment stage, followed by a jury trial or potential settlement with U.S. authorities.
What is an arraignment stage?
The arraignment stage is an important step in the criminal justice process where a person accused of a crime makes their first formal appearance in court.
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