U.S. Charges Gautam Adani in Fraud Case

The U.S. fraud case against Indian billionaire Gautam Adani is reportedly supported by substantial documentation that could assist prosecutors in building a strong case, yet experts believe his extradition is unlikely. Adani and several associates face charges of bribing Indian officials to secure electricity contracts through Adani Green Energy and misleading U.S. investors about their anti-corruption practices. Key evidence includes 'bribe notes' found on the phone of his nephew, Sagar Adani, and emails related to FBI subpoenas. Adani Group has dismissed the allegations as 'baseless' and has pledged to pursue all legal options. While Adani remains free and has made public appearances in India, the challenge for prosecutors lies in obtaining testimony from witnesses in India. Legal experts suggest that establishing proof of the Adanis' knowledge regarding misleading investors will be crucial in the case.