Gautam Adani Charged in US Over $250 Million Solar Bribery

Gautam Adani, chair of Adani Group, and seven executives, including his nephew Sagar Adani, were indicted by a US court for allegedly paying $250 million in bribes to secure Indian Solar Energy Contracts. The SEC claims the bribes helped obtain $2 billion in profits. Adani Group denied the charges, which caused its stock price to fall by 20%.