Arrest warrant issued against Gautam Adani in New York

Reuters report said arrest warrants were issued in the United States for Gautam Adani and his nephew Sagar Adani, after a grand jury in New York indicted the business tycoon and seven others on charges of bribery of $265 million (around Rs 2,029 crore) on Wednesday (November 20).

Lisa H Miller, Deputy Assistant Attorney General for the Justice Department’s Criminal Division, accused Adani and his associates of bribing Indian government officials and conspiring to obtain lucrative solar energy supply contracts “through corruption and fraud at the expense of US investors”.