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Indian billionaire Gautam Adani and associates indicted for massive bribery scheme

Gautam Adani
Photo: Dipam Bhachech/Getty Images

Alexander Barzacanos

2 min read
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US investigators allege that Adani and co-conspirators bribed Indian officials and lied to investors.

The DOJ has unsealed an indictment in Brooklyn federal court charging billionaire Gautam Adani, his nephew Sagar Adani, and Vneet Jaain with substantive securities fraud and conspiracy to commit securities and wire fraud.

The five-count indictment relates to accusations that the trio bribed Indian officials $250m between 2020 and 2024

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