Hours before US prosecutors charged Gautam Adani with participating in a bribery scheme, a unit of the billionaire’s conglomerate tapped the US corporate bond market for a $600 million offering that was more than three times oversubscribed.
Prosecutors in Brooklyn, New York, alleged on Wednesday that Adani and others participated in a scheme that involved promising to pay more than $250 million in bribes to Indian government officials to secure solar energy contracts. Adani and other defendants lied about the plan as they sought to raise money from US investors, according to the indictment.