Why are #US authorities taking such keen interest and action in #AdaniGroup 's alleged bribery scheme thousands of miles away in #India ? The reasons mainly pertain to the companies’ activities and presence in the US and them having American investors. The connection with the Adani Group primarily pertains to an #AdaniGreen corporate bond issuance in 2021, which involved US investors. As for #Azure , even as it primarily did business in India through a subsidiary, it had securities listed on the New York Stock Exchange. US prosecutors in New York have indicted Adani Group Chairman #GautamAdani , his nephew Sagar Adani and 6 others for allegedly offering Rs 2,029 crore (US $265 million) in bribes to Indian govt officials for securing “lucrative #solar energy supply contracts” with state electricity distribution companies. Click on the 🔗 below to understand in detail what this whole 'bribery' case is about 👇🏽 https://indianexpress.com/article/business/adani-greens-us-fundraise-azure-bribery-scam-9681443/
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