India’s 2nd-wealthiest person charged by U.S. in $250 million bribery scheme
The second-richest person in India, Gautam Adani, has been charged by U.S. authorities with fraud after it was alleged that he and a number of suspected co-conspirators attempted to bribe Indian officials $250 million.
The executives, the majority of whom are Indian, were charged by the U.S. attorney's office in Brooklyn, New York, on Wednesday with obtaining money from U.S. investors and other foreign lenders by making false and deceptive claims. Authorities also claim that the executives bribed Indian officials in order to secure billions of dollars in solar power contracts.
In a statement released with the indictment, U.S. Attorney Breon Peace claimed that the defendants had planned a complex plot to bribe Indian government officials in order to obtain contracts valued at billions of do...