Listen to this articleIndian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India, on April 20, 2022. (Photo: Reuters)Gautam Adani, the billionaire chairman of the Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over his role in a $265-million bribery scheme, according to US prosecutors. A judge has issued arrest warrants for Gautam Adani and Sagar Adani and prosecutors plan to hand those warrants to foreign law enforcement, court records show. Gautam Adani, Sagar Adani and Jaain were charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy. Gautam Adani, Sagar Adani and Jaain were charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy, and the Adanis were also charged in a US Securities and Exchange Commission civil case.

Source: Bangkok Post November 21, 2024 21:53 UTC