"The defendants orchestrated an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars," U.S. attorney Breon Peace said in a statement.
"The Adanis allegedly told investors that Adani Green bonds had a robust anti-bribery compliance program and the company would not pay or promise to pay bribes," Sanjay Wadhwa stated.
The SEC charged Gautam Adani and others for their participation in the bribery scheme, violating federal antifraud laws while raising $175 million from U.S. investors.
A Hindenburg Research investigation alleged that the Adani Group operated a large fraud, hiding and laundering money through shell companies in foreign countries.
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