In a brakin development, Gautam Adani of the Adani group has been named in a multi million dollar scandal by the U.S. Department of Justice.
The U.S. Department of Justice (DOJ) has unveiled a bribery scheme allegedly involving Gautam Adani and other executives from the Adani Group, accusing them of offering $250 million (₹2,029 crore) in bribes to Indian government officials.
The bribes reportedly facilitated solar energy contracts under the Manufacturing Linked Project (MLP), with Andhra Pradesh emerging as a key focus of the investigation.
According to the indictment unsealed in the Eastern District of New York, the bribes were allegedly aimed at securing Power Sale Agreements (PSAs) for state electricity distribution companies (DISCOMs), particularly in Andhra Pradesh.
Foreign Official #1, identified as a high-ranking official in Andhra Pradesh from May 2019 to June 2024, is alleged to have received approximately ₹1,750 crore ($228 million) in promised payments.
Odisha, Chhattisgarh, Tamilnadu, Jammu & Kashmir are also named in the US indictment.