AdvertisementIndian billionaire Gautam Adani has been charged in a massive bribery scheme.
Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege.
Prosecutors brought bribery charges against billionaire Gautam Adani, one of the richest people in India, alleging the business magnate and seven of his senior executives paid hundreds of millions of dollars in bribes to the Indian government and hid them from US investors.
Gautam Adani, the founder and chairman of Indian conglomerate Adani Group, is estimated to be worth more than $85 billion, according to Bloomberg.
Adani and his executives convinced US investors to buy bonds in one of the companies using false promises, prosecutors allege.
Persons:
Gautam Adani, Adani, Sagar, Gautam, Sagar Adani, Sanjay Wadhwa
Organizations:
New, SEC, Adani, Bloomberg
Locations:
India, New York, SEC's