The U.S. recently charged Adani Group founder Gautam Adani with bribery and fraud allegations in one of the most significant challenges Adani Group has faced since its founding. As Adani is a key player in India’s energy sector and was one of the companies expected to aid the Asian country’s transition to clean energy, the charges paint a poor picture of India’s renewable energy drive.
American authorities claim that after one of Gautam Adani’s firms spent several years trying to sell a $6 billion project with no success, Adani’s billionaire CEO devised a scheme to provide Indian state officials with $265 million in bribes for a new solar power deal. The criminal allegations against the company’s…
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