- March 15, 2024
- Posted by: legaleseblogger
- Category: Related News
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US Authorities Investigate Adani Group and Founder for Potential Bribery
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, the report said, citing people with direct knowledge of the matter.
Adani Group’s stocks and bonds saw a massive selloff early last year after US short-seller Hindenburg Research issued a report that alleged improper governance practices, stock manipulation and the use of tax havens by the group. (File Photo)
The United States has widened its investigation of IndiaÔÇÖs Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported on Friday.
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, the report said, citing people with direct knowledge of the matter.
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