Gautam Adani bribery, fraud case: All you need to know about it

Gautam Adani $250 mn bribery, fraud case: Gautam Adani and seven co-defendants face U.S. charges of fraud, bribery, and corruption for allegedly falsifying records to secure billions from Wall Street while planning $265 million in bribes to Indian officials to win solar energy contracts. Prosecutors claim the scheme deceived investors and violated U.S. securities laws. The indictment triggered sharp declines in Adani company bond prices, marking the largest drop since a 2023 report accused the conglomerate of stock manipulation, wiping billions from its market value.