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Here Are the US Charges Against Indian Billionaire Gautam Adani – BNN Bloomberg

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November 21, 2024

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US prosecutors have charged billionaire tycoon Gautam Adani with involvement in a plan to pay greater than $250 million in bribes to authorities officers in India for photo voltaic power contracts, a transfer that stands to additional roil his ports-to-power conglomerate. Listed below are a few of the highlights from the 54-page indictment.

Gautam Adani personally met with Indian authorities on quite a few events to advance the bribery plot.
Co-conspirators met in particular person and communicated by an digital messaging app to debate execution, together with whereas within the US.
They made in depth digital documentation of their bribery efforts, together with utilizing cell telephones to trace the places and recipients of the promised bribes and photographing a doc summarizing the quantities provided.
They ready PowerPoint and Excel shows to find out which fee possibility was finest. One summarized the choices prompt by Gautam Adani, and described the direct fee to the Indian Power Firm as a “Improvement Payment.”
The defendants usually referred to one another by code names together with “V,” “snake” and “numero uno minus one.” Gautam Adani was referred to as “Mr A,” “numero uno” and “the massive man.”
Some members of the group destroyed proof to cover their participation within the scheme, together with a PowerPoint evaluation and digital communications.
Gautam Adani emailed himself pictures of every web page of the search warrant and grand jury subpoena the FBI handed his nephew and co-defendant Sagar Adani.