Adani Group Faces Bribery Allegations in the U.S.

U.S. authorities allege a $265 million bribery scheme involving Gautam Adani, his nephew Sagar Adani, and Adani Green Energy's MD, Vneet S. Jaain, to secure Indian power contracts. The group is also accused of misleading U.S. investors during fundraising activities.

Adani companies faced an initial $34 billion market value loss, though stocks later showed recovery. France’s Total Energies paused a $4 billion investment in Adani Green Energy, citing governance concerns.

Opposition parties in India criticized the government, accusing it of shielding Adani and disrupting parliamentary sessions.

The group denies all allegations as “baseless,” pledging to pursue legal recourse while reaffirming its commitment to compliance and resilience.

The allegations have raised questions about governance, transparency, and Adani's international partnerships.