US probing Gautam Adani, Adani Group over potential bribery

The US has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported.

The report, citing people with direct knowledge of the matter, said prosecutors are investigating whether an Adani entity or people linked to the company, including Mr. Adani, were involved in paying officials in India for favorable treatment on an energy project.

The US 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.

“We are unaware of any investigation against our chairman,” Adani Group told Bloomberg News.

Adani Group, Azure Power, and the DOJ did not immediately respond to requests for comments.

The Attorney’s Office for the Eastern District of New York could not be immediately reached.