- Co-conspirators and a whistleblower played key roles in exposing a $250 million bribery scheme tied to Adani Group.
- Two key co-conspirators, one from the UK and one Indian executive, are linked to the bribery of Indian officials.
- Whistleblower complaints in 2022 triggered a full investigation by the U.S. Justice Department and SEC.
A complex bribery case involving Gautam Adani and his company, Adani Green Energy, has come to light, with a $250 million scheme to secure solar energy contracts. The investigation reveals the involvement of two co-conspirators: one from the UK and another from India, both of whom allegedly helped orchestrate the bribery and obstructed investigations.
Co-Conspirator 1, a British citizen living in Hong Kong, was the Non-Executive Chairman of a U.S. company from 2021 to 2023. He played a major role in authorizing bribe payments to Indian officials. Co-Conspirator 2, a high-ranking Indian executive, agreed to fund the bribes to secure solar contracts. Together, they collaborated with Adani Group executives to bribe officials for favorable deals.
The bribery scheme, involving around $265 million, targeted Indian government officials to ensure power purchase agreements for solar energy projects. The investigation gained traction after whistleblower complaints in 2022, which accused the company of improper payments. Despite the company’s denials, the DOJ and SEC have intensified their probe, leading to further scrutiny of Adani’s global operations.
