Gautam Adani, Nephew Sagar Adani Not Charged Under US FCPA, Clarifies Adani Group
The Adani Group has issued a strong statement denying allegations that its chairman, Gautam Adani, and his nephew, Sagar Adani, violated the United States Foreign Corrupt Practices Act (FCPA). The clarification comes amid charges filed by the US Department of Justice (DOJ) accusing them and a key executive, Vneet Jaain, of involvement in a bribery scheme to secure lucrative solar energy contracts in India. Bribery Allegations and Financial Implications The…