On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022.A U.S.
The allegations in the U.S. indictment relates to "one contract of Adani Green, which is roughly 10% of overall business of Adani Green", Singh said on X. Singh said on Saturday, they became aware of the "specificity" of the U.S. charges only two days ago. The U.S indictment, however, says the bond offering "contained false and misleading assurance about, among other things, the Indian Energy Company's 'corporate governance' and touted 'maintaining transparency and compliance in every aspect'."
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