New Delhi: A US court has indicted Gautam Adani, his nephew Sagar Adani and six others for wire fraud conspiracies, schemes to defraud US investors, as well as agreeing to pay nearly $250 million in bribes to Indian government officials to strike solar energy deals.
Though the Adani Group has denied the allegations as “baseless”, the indictment, which has far-reaching implications for the conglomerate, and Indian business and politics, has raised a storm that will continue raging over the course of the judicial process against the business tycoon in the US.
In Episode 1557 of Cut The Clutter, Editor-in-Chief Shekhar Gupta & Deputy Editor (Economy) Sharad Raghavan discuss the US laws that made the indictment possible, the charges against Adani and state officials, including a reference to former Andhra Pradesh CM Jagan Mohan Reddy, and the expected ramifications.
Also Read: Code name for Adani, PPT on bribes, cellphone notes on corrupt officials—Inside US indictment
