Official settlement announcements from Adani Group or U.S. authorities, or reports from major news agencies

Adanis Knew of U.S. Probe Before Selling Bribe-Linked Solar Park to TotalEnergies, Prosecutors Say

Nov 23, 2024, 01:54 AM

Prosecutors allege that Gautam and Sagar Adani were aware their renewable energy company was under investigation by U.S. authorities for suspected bribery when they sold part of India's largest solar park, which included bribe-linked assets, to France’s TotalEnergies. Legal documents reviewed by Reuters indicate that the Adanis knew of the U.S. probe at the time of the transaction. Adani CFO has defended against the U.S. charges, stating that the allegations are linked to a single business contract.