KONTAN.CO.ID - WASHINGTON - The United States has widened its investigation of India's Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported on Friday. Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, the report said, citing people with direct knowledge of the matter. The U.S. Attorney's office for the Eastern District of New York and the Justice Department's fraud unit in Washington are handling the investigation and are also looking at Indian renewable energy company Azure Power Global, the report added.
US Probing Adani Group and Founder Over Potential Bribery, Bloomberg Reports
KONTAN.CO.ID - WASHINGTON - The United States has widened its investigation of India's Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported on Friday. Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, the report said, citing people with direct knowledge of the matter. The U.S. Attorney's office for the Eastern District of New York and the Justice Department's fraud unit in Washington are handling the investigation and are also looking at Indian renewable energy company Azure Power Global, the report added.