US federal judge dismissed criminal charges against Gautam Adani in a bribery case that alleged $265 million bribes to Indian officials for solar power contracts. The DoJ moved to drop the case citing foreign nature and enforcement priorities, despite judicial concerns over process. This case highlights the reach of US Foreign Corrupt Practices Act (FCPA) and implications for Indian companies raising funds globally.
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- ›Alleged bribe amount: $265 million
- ›Solar capacity involved: 8 GW (Adani Green) + 4 GW (Azure Power)
- ›Target this Data: $265 million alleged bribes; November 2024 indictment; 7,000 MW purchased by Andhra Pradesh
- ›Target this Nodal Body: Solar Energy Corporation of India (SECI) under Ministry of New and Renewable Energy
- ›Target this Legal Point: Foreign Corrupt Practices Act (FCPA) – US anti-bribery law
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