White House Acknowledges Allegations Against Gautam Adani in Multibillion-Dollar Bribery and Fraud Case
The White House has officially acknowledged the serious allegations leveled against Indian billionaire Gautam Adani, chairman of the Adani Group, who has been indicted in New York for his alleged involvement in a multibillion-dollar bribery and fraud scheme. US prosecutors have charged Adani and seven other defendants, including his nephew Sagar Adani, with conspiring to pay approximately $265 million in bribes to Indian government officials. The bribes were reportedly intended to secure lucrative contracts for the development of India’s largest solar power plant, which was projected to yield $2 billion in profits over a span of 20 years.
During a media briefing on Thursday, November 21, White House press secretary Karine Jean-Pierre confirmed that the administration was aware of the charges against Adani. She expressed confidence in the strength of the US-India relationship, emphasizing that the ongoing issue would be managed effectively by the US government.
“The relationship between India and the United States is built on a robust foundation,” Jean-Pierre remarked, underscoring the resilience of bilateral ties despite the controversy surrounding the allegations.
When asked for more details on the case, Jean-Pierre referred questions to the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), which are responsible for the investigation and legal proceedings related to the case.
The case has sent ripples through both the business and political communities, drawing significant international attention to the Adani Group and its operations. The US government’s involvement and response to these serious allegations will be closely monitored as the legal process unfolds.
