Adani Group Faces Bribery Allegations in U.S.

The Adani Group is embroiled in a serious corruption scandal involving allegations of $250 million in bribery connected to U.S. solar energy contracts, as revealed by U.S. Attorney Bryan Pease. The investigation suggests a complex scheme intended to secure lucrative contracts from the Indian government, with critics highlighting potential government complicity in the matter. Despite these allegations, Adani Group's CFO, Jugeshinder Singh, has dismissed the claims as unfounded and maintains that the company’s financial integrity remains intact, continuing its investment plans. India's foreign ministry has stated that the bribery allegations are a legal issue between private firms and U.S. authorities, asserting a hands-off approach to the matter. The situation raises significant concerns regarding transparency in India's corporate practices and the relationship between business and political leadership. Opposition parties in India are criticizing the Modi administration for allegedly protecting the Adani Group amid growing scrutiny.