US Charges Gautam Adani Over Alleged $250 Million Bribe Plot

US prosecutors have indicted Gautam Adani, the chairman of the Adani Group. He is one of the richest people on Earth. The charges involve a $250 million bribery conspiracy. Brooklyn, New York, prosecutors announced charges against Adani and other executives. They face accusations of trying to sway Indian officials for profitable solar energy deals. This raises important questions.

The Rumours

The indictment states that Gautam Adani and his allies promised over $250 million in bribes. They aimed to secure deals that could earn billions in revenue over the next 20 years. The program states that US investors received false information. It also notes that electronic evidence was deleted to obstruct justice.

Important Numbers

Along with Gautam Adani, the allegations also include Sagar Adani, nephew, and former Adani Green Energy CEO, Vneet S. Jaain. The defendants are charged with wire fraud conspiracies, securities fraud conspiracies, and securities fraud. Four more people face accusations of lying to US investigators. They also erased evidence, which means they colluded to obstruct justice.

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More General Connotations

The Adani Group faces intense scrutiny over its business practices, making this case significant. Charges emerged almost two years after Hindenburg Research, a US short-seller, alleged that the Adani Group misused offshore tax havens. The company has denied these allegations.

Legal Action

The SEC is suing Gautam Adani and his associates. Legal procedures can take time, and extradition issues may complicate things. Should they be found guilty, the defendants might serve long prison terms. This case shows the ongoing challenges large corporate groups face. They must maintain ethical standards and transparency in their operations.

In April 2025, Adani Green Energy Ltd. An independent review found no issues with the U.S. indictment of Gautam Adani, Sagar Adani, and Vneet S. Jaain. The company also stated that it doesn’t expect any major impact from these legal matters. It also reappointed Vneet Jaain as Managing Director for another five years.

India’s market regulator, SEBI, has put off settlement pleas from the Adani Group and its offshore investors. They are waiting for a review of their internal settlement rules. This move comes after SEBI appointed a new chief in March. It aims to fix issues with penalties and settlement processes.

In response to the ongoing legal challenges, Gautam Adani stated, “Every attack makes us stronger, and every obstacle becomes a stepping stone for a more resilient Adani Group,” emphasizing the company’s commitment to compliance and resilience in the face of scrutiny .

The Adani Group denies the allegations as the case moves forward. They are also engaging in legal processes to tackle the charges.