US Expands Probe into Adani Group Over Alleged Bribery

Investigation focuses on potential bribery in India's energy sector, involving billionaire Gautam Adani and Azure Power Global Ltd.

US prosecutors are investigating the Adani Group and its billionaire founder, Gautam Adani, for potential bribery related to an energy project in India.
The investigation also involves Azure Power Global Ltd. and is being conducted by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit.
Adani Group and Azure Power have both been involved in India’s green-energy sector, winning contracts as part of the same state-run solar program.
Gautam Adani's fortune has surged toward $100 billion, making him the world's 14th richest person, despite previous allegations of stock price manipulation and accounting fraud by Hindenburg Research.
The Foreign Corrupt Practices Act allows US prosecutors to pursue foreign corruption allegations involving American investors or markets, making this case particularly significant.