By Bulletin Times 
Gautam Adani Indicted in New York: Fraud and Bribery Scandal Shakes Business Tycoon
In a shocking turn of events, billionaire Gautam Adani, one of the world’s wealthiest individuals and head of the Adani Group, has been indicted in a New York federal court.
Adani, alongside several executives, is accused of paying over $250 million in bribes to Indian government officials to secure highly lucrative solar energy deals. These contracts reportedly brought in billions in profits, but the allegations don’t stop there. U.S. prosecutors claim Adani and his team misled investors while raising over $3 billion to fund the projects, violating securities and anti-corruption laws in the process.
Breaking Down the Allegations:
Massive Bribery Scheme: Allegedly, Adani’s team paid huge bribes to secure government-backed energy deals at above-market rates.
Misleading Investors: Accusations of false claims and omissions while raising billions from U.S. and international investors.
Global Implications: Civil complaints from the SEC reveal that both Adani Green Energy and Azure Power raised significant funds from American investors while trading on the NYSE.
Why This Matters
This scandal strikes at the heart of one of India’s biggest business empires. Gautam Adani, who has long been a symbol of India’s economic might, now faces global scrutiny. While his net worth of $85 billion makes him Asia’s second-richest man, his reputation has already taken hits. Earlier this year, Hindenburg Research accused his group of running a decades-long stock manipulation scheme, calling it “the largest con in corporate history.”
For now, Adani denies the allegations, but this latest indictment could reshape how the world views one of India’s most powerful corporate figures.
Stay tuned—this case has the potential to uncover even deeper issues in global business practices and corporate accountability.