This indictment alleges schemes to pay over $250 million in bribes to Indian government officials, to lie to investors and banks to raise billions of dollars, and to obstruct justice, stated Deputy Assistant Attorney General Lisa H. Miller. These offenses were allegedly committed by senior executives and directors to obtain and finance massive state energy supply contracts through corruption and fraud at the expense of U.S. investors.
Adani, 62, his nephew Sagar Adani, 30, and half a dozen other executives were named in a five-count criminal indictment unsealed in a New York federal court on Wednesday. Authorities claim the two, along with others, promised more than $250 million in corrupt payments to government officials to secure billions worth of power and electricity agreements.
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