Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.
Billionaire Gautam Adani has been charged by U.S. federal prosecutors with defrauding investors and orchestrating a covert scheme to bribe officials in India, authorities said Wednesday.Who Is Gautam Adani?Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.According to Forbes, Adani is worth $69.
'While online court records did not list lawyers for Adani, an email message seeking comment was left with an arm of his company, the Adani Group, according to The Associated Press Adani has yet to respond to the allegations, but the case has sent shockwaves through international financial markets and heightened scrutiny over corporate governance in one of the world's fastest-growing economies.
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