00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Indian billionaire Gautam Adani and seven executives are facing charges in a U.S.
00:06indictment related to a multi-million dollar bribery and fraud scheme.
00:10The Department of Justice alleges that the group bribed Indian officials to secure
00:14solar energy contracts worth over $2 billion. Authorities claim that Adani personally met
00:19with an Indian government official to further the bribery scheme which occurred from 2020 to 2024.
00:25Adani's group denied the claims, calling them baseless.
00:28The charges do follow previous allegations of stock manipulation and accounting fraud.
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