Adani Group Chairman Gautam Adani Charged with $250 Million Bribery Scheme in US Indictment

In a shocking turn of events, billionaire entrepreneur Gautam Adani has been charged by US authorities with involvement in a bribery scheme worth over $250 million to secure solar energy contracts in India. The indictment, unveiled on Tuesday, accuses Adani and his co-conspirators of executing the scheme through a complex network of electronic communication, meeting in person, and even creating extensive documentation to hide their tracks.

According to the indictment, Adani personally met with Indian authorities multiple times to advance the bribery plot, while his co-participants communicated through electronic messaging apps during meetings and from within the United States. The conspirators took lengths to document their efforts, using cell phones to track locations of bribes and photographing summaries of payment amounts.

The prosecution has revealed that Adani's associates created PowerPoint and Excel presentations to select the most effective payment option, with one summary highlighting a "Development Fee" instead of direct payments. Those involved occasionally identified each other by code names such as "V", "snake," and "numero uno minus one".

In addition, some group members were accused of destroying evidence in an attempt to conceal their involvement - including PowerPoint analyses and electronic communication.

The shocking allegations have sparked fresh turmoil for Adani's multinational conglomerate, with a series of ports-to-power contracts hanging precariously over its Indian operations.

As US prosecutors continue to build their case against him, the billionaire businessman remains at the center of multiple controversies and is facing mounting financial and reputational pressure.