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Tag: Foreign Corrupt Practices Act
Adani Allies Mount Fiercest Lobbying Effort Yet to Kill Bribery Charges in U.S. Court
In November 2024, Indian billionaire Gautam Adani and his nephew Sagar Adani were indicted by U.S. authorities on charges of paying bribes to secure power supply contracts in India and misleading U.S. investors during a $750 million bond sale by Adani Green Energy Ltd. . These allegations have not only impacted the Adani Group's market value but have also raised significant questions about the enforcement of international anti-corruption laws and the influence of political considerations on legal proceedings.