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US Bribery Indictment: Adani Hires Law Firms

US Bribery Indictment: Adani Hires Law Firms

US Bribery Indictment: Adani Hires Law Firms

India-West News Desk

NEW YORK, NY – Adani Green has hired independent law firms to review a U.S. indictment against founder Gautam Adani and senior executives for allegedly paying $265 million in bribes to secure power contracts. The company, in a regulatory filing on January 23, emphasized its compliance with applicable laws but did not disclose the law firms’ names.

The indictment, filed in November 2024, charges Adani, his nephew Sagar Adani, and Managing Director Vneet S. Jaain with bribery and misleading U.S. investors. The case centers around a 2021 solar energy deal in Andhra Pradesh, awarded under questionable circumstances. Adani Green has denied the bribery allegations, calling them “baseless.”

While the company is not named as a defendant, concerns about the charges have led to some partners and investors reassessing their involvement, with TotalEnergies halting further investments in the Adani Group. Adani Green’s shares have dropped over 27% since the indictment was made public.

Also Read: US Fraud Case Against Adani Strong, But Extradition Unlikely

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