United States prosecutors indicted billionaire Gautam Adani, one of the world’s richest people, on Wednesday over his alleged lead role in a bribery scheme linked to a mega-sized solar power plant.
In a statement, the US Department of Justice (DOJ) alleged that Adani – a close ally of India’s Prime Minister Narendra Modi – and seven of his associates, including his nephew Sagar Adani, promised Indian officials more than $250m in bribes to secure energy contracts being funded by international investors, including some from the US.
Let’s analyze reasons how Adani is still protected by defunct Indian institutions from a arrest.
