IN·India
Gautam Adani
Chairman, Adani Group
indictedindicted
Chairman of Adani Group, one of India's largest conglomerates. Close ally of PM Narendra Modi. Indicted by US DOJ (EDNY) in November 2024 for allegedly orchestrating a $265M bribery scheme to secure Indian solar contracts; also charged with securities fraud.
LINKED SCANDALS
3
LEGAL EVENTS
2
RESEARCH
17 days ago
SANCTIONS
CLEAR
Legal history · 2 events
criminal·2024-11-20
US DOJ EDNY unsealed indictment: conspiracy to violate the FCPA, securities fraud, wire fraud; parallel SEC civil action
→ Pending — Adani in India, not yet extradited
source civil·2023-01-24
Hindenburg Research report alleged Adani engaged in decades of stock manipulation and accounting fraud
→ Adani denied; group value fell ~$150B
source Deep research · Exaupdated 17 days ago
Gautam Adani is the Chairman of the Adani Group, a conglomerate with interests in energy, ports, and infrastructure. His career has faced two primary categories of public controversy. In February 2023, the U.S.-based short seller Hindenburg Research accused the group of stock manipulation, accounting fraud, and money laundering. The Adani Group denied these allegations, labeling them a malicious mix of misinformation.
In 2024, U.S. prosecutors in Brooklyn indicted Adani for an alleged $265 million bribery scheme to secure Indian government solar energy contracts. Prosecutors further alleged Adani raised over $3 billion from investors through false statements regarding anti-bribery practices. Adani denied these charges as baseless. Following a related civil settlement by the Securities and Exchange Commission, U.S. prosecutors moved to drop these criminal fraud and conspiracy charges in 2026, citing prosecutorial discretion. Other controversies involve recurrent allegations of crony capitalism and preferential government treatment, which the group consistently denies.
Citations
Allegations and scandals against the Adani Group: A timeline - The Hindu
www.thehindu.com · 2024-11-21
US drops fraud charges against Indian billionaire Gautam Adani | AP News
apnews.com · 2026-05-18
Billionaire Gautam Adani charged in US over alleged $250m bribery plot
www.theguardian.com · 2024-11-21
Key events in Gautam Adani's US indictment over alleged bribery scheme | Reuters
www.reuters.com · 2024-11-21
Explainer: 'The Corrupt Solar Project': Adani embroiled in US findings of bribery scheme
www.reuters.com · 2024-11-21
U.S. prosecutors drop fraud charges against billionaire Indian businessman Gautam Adani | PBS News
www.pbs.org · 2026-05-18
Who is Gautam Adani, controversial Indian tycoon charged with bribery in US? | Reuters
www.reuters.com · 2024-11-21
Adani case: Why the latest US court filings and SEC disclosures are far more serious than the Hindenburg allegations | Business News - The Indian Express
indianexpress.com · 2024-11-21
Linked scandals← back
SEV-4
US·United States·3 months ago
US Drops Fraud Charges Against Gautam Adani
The United States Department of Justice dropped criminal fraud charges against Indian billionaire Gautam Adani amid settlements with the US Treasury and US Securities and Exchange Commission.
fraudcharges dropped
SEV-4
US·United States·3 months ago
Gautam Adani's Fraud Charges Dismissed
The US Department of Justice moved to dismiss criminal fraud charges against Indian billionaire Gautam Adani, who was accused of bribing Indian officials for as much as $265m to secure contracts.
fraudcharges dismissed
SEV-4
US·United States·3 months ago
Gautam Adani's fraud charges dropped
The US Department of Justice dropped criminal fraud charges against Indian billionaire Gautam Adani after he pledged a $10 billion investment.
fraudcharges dropped