What are the specific US fraud charges against Gautam Adani?

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US Prosecutors Allege Fraud and Bribery Scheme Involving Adani Group Founder

US prosecutors have indicted Gautam Adani, the founder of India's Adani Group, and several subordinates, alleging a scheme to defraud international investors through bribery and misleading practices. The indictment specifically claims they devised a plan to offer, authorise, and make bribe payments to Indian government officials. Gautam Adani is suspected of involvement in a US$250 million bribery scheme aimed at securing government contracts.
Allegations of Securities and Wire Fraud

The Adani Group has stated that Gautam Adani and his nephew, Sagar Adani, are specifically charged with securities fraud, wire fraud conspiracy, and securities fraud. The conglomerate denies these allegations, labelling them as "baseless."
Bribery Scheme for Government Contracts

The US Department of Justice indictment suggests that the Adani Group orchestrated a scheme involving bribe payments to Indian government officials. Gautam Adani is suspected of participating in a US$250 million bribery operation intended to obtain advantageous government contracts.
Group Denies Bribery and Corruption Charges

Adani Group has explicitly stated that it is incorrect to claim that either Gautam Adani or Sagar Adani have been charged with bribery or corruption. The company maintains a strong denial of all charges presented by the US DoJ.

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What are the specific US fraud charges against Gautam Adani?

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