The U.S. Attorney’s Office in Brooklyn has accused Adani, an Indian renewable energy company executive, of agreeing to pay over $250 million in bribes to Indian government officials from 2020 to 2024 to secure solar energy supply contracts expected to yield $2 billion in profits.
This allegation has sparked a range of reactions, with some expressing outrage at the corruption and others defending the practice as common in India. Some have suggested that Adani’s close ties to the Indian government have led to his meteoric rise and subsequent scrutiny, while others have questioned the role of the U.S. in issuing arrest warrants for crimes committed in a foreign country. Despite these concerns, some investors remain optimistic about Adani’s future prospects and see this as a buying opportunity.
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