But this week brought exotic news to Americans when law officers in New York indicted the Adani Group for alleged wire and securities fraud, $250 million in bribes to secure contracts for Adani Green Energy in India, and conspiracy to conceal this. Court documents refer to the scheme as "the corrupt solar project".
Will it make a difference to Gautam Adani, who has weathered a damaging attack by the short-seller Hindenburg Group? Well, the US president-elect has been indicted on 34 counts—and it hasn't hurt his prospects.
The day before Adani's indictment, Trump began to get intelligence briefings in the lead-up to assuming office. An FBI raid in 2022 on his golf club had uncovered reams of classified documents which he was supposed to have surrendered when he lost office. With his re-election, he seems to have gotten away with this serious security breach, too. This is legitimizing impunity—in comparison, alleged bribery by a foreign business owner looks fairly minor.
Corruption does not enjoy the casual legitimacy in the US that it does in India. The Foreign Corrupt Practices Act prohibits the use of American investments to gratify foreign officials to influence decisions. Penalties include huge fines, possible jail terms and being disbarred from doing business with the US government.
Denne historien er fra November 23, 2024-utgaven av The Morning Standard.
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Denne historien er fra November 23, 2024-utgaven av The Morning Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Shahi Jeera: A Wonder Spice
Boost digestion, curb hunger, and support weight loss with shahi jeera that is loaded with essential nutrients
TEAMS AND THE STARS
It is hard to go past Indian captain Harmanpreet Singh in the HIL.
Olympic heartbreak and no net gain for badminton
The ever-reliable discipline for India, in terms of providing the thrill & medals at elite competitions, endured a difficult year with some of the top shuttlers struggling for form, writes Anmol Gurung. Missing out on a medal in Paris was a new low...
Mohammedan play out goalless draw vs Odisha
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Smith regains midas touch
IN many ways, it was coming. From the moment he got that century in Brisbane, Steve Smith seemed like he was going to pile on.
Return of the native and 'City Beautiful'
PUNJAB was Manmohan Singh's first love. He had a special place in his heart for Amritsar, where he spent his initial years.
Six minutes of chaos for India
Visitors lose three quick wickets in the closing minutes to be placed in a tricky position
No extra pressure for Slot as Liverpool win
ARNE Slot insists Liverpool's commanding position at the top of the Premier League table has led to no extra strain during his first season in charge at Anfield.
Osamu Suzuki, architect of India's automobile revolution, dies at 94
OSAMU SUZUKI, chairman of Suzuki Motor Corp (SMC), passed away from lymphoma on Wednesday, December 25, 2024, the company announced in a statement on Friday. He was 94.
Manmohan Singh: The silent Prime Minister or a humane economist?
EXPECTATIONS of Dr Manmohan Singh, the trailblazer of India's new economic policy, is no more. Economists around the world remember him for his brilliance and humility, and predominantly for his role in opening up the state-controlled Indian economy, when he was appointed Finance Minister of India in 1991.
