Adani was charged in 2024 with agreeing to bribe Indian government officials so a subsidiary of his Adani Group could win approval to develop a solar energy plant, then misleading US investors by providing reassuring information about his company’s anti-corruption practices.
Now, as to whether I think he might have done that, well, that’s irrelevant. Whether it can be proven in an Ameriucan courtroom is another.
US judge drops criminal charges against Indian billionaire Gautam Adani
Justice department says it decided to abandon fraud and bribery case in which Adani Group has denied wrongdoing
Probably the right decision there.
I thought the approved term was marketing costs?
How is this any business of an American court? Alleged misbehaviour by an Indian company in India. Surprise, not.
Put it on the American’s radar
There was a case yonks ago where HMRC accepted that paying an Indian Civil Servant to do his job was a tax-deductible expense because the inflation under Congress rule resulted in Indian Civil Servants’ pay being less than the cost of food and housing and they depended on payments from applicants whose applications deserved to be approved for their living expenses.
Gamecock is shocked to learn . . .
Adani was charged in 2024 with agreeing to bribe Indian government officials
. . . that bribing Indian officials is illegal.
Clearly, nothing to see here. At all.