Gautam Adani faces 'no bribery charges under FCPA'
The Free Press Journal|November 28, 2024
Embattled billionaire Gautam Adani and his aides have not been charged under the US Foreign Corrupt Practices Act, an Adani Group entity said on Wednesday, adding that they face three other charges, including securities and wire fraud, which are punishable with monetary fines.
Gautam Adani faces 'no bribery charges under FCPA'

The US Department of Justice's indictment filed in a New York court last week does not mention Gautam Adani, his nephew Sagar, or Vneet Jaain in any count related to conspiracy to violate the Foreign Corrupt Practices Act. This has been stated by Adani Green Energy Ltd (AGEL) in a stock exchange filing.

(AGEL is at the heart of the allegation of USD 265-million bribes being paid to Indian officials to secure solar power sale contracts.)

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