Trump Pauses FCPA Enforcement: Potential Relief for Adani Amid Bribery Allegations

Trump Pauses FCPA Enforcement: Potential Relief for Adani Amid Bribery Allegations

U.S. President Donald Trump has signed an executive order pausing enforcement of the Foreign Corrupt Practices Act (FCPA), which prohibits US companies and foreign firms from bribing foreign government officials to obtain or retain business contracts.

This move impacts the case against Indian billionaire Gautam Adani, who faces FCPA charges for allegedly bribing Indian officials to secure solar energy contracts.

The suspension orders Attorney General Pam Bondi to review past and current FCPA actions over 180 days, potentially relieving Adani.

U.S. lawmakers have also urged a review, criticising the Biden administration's prosecution as detrimental to U.S.-India relations.

Economic Times / 4 months ago

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