Key Points
US prosecutors have widened their probe of Indias Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the companys billionaire founder, according to people with direct knowledge of the matter...
Investigators are digging into whether an Adani entity, or people linked to the company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, said the people, who asked not to be identified discussing the confidential effort..
The probe, which is also looking at Indian renewable energy company Azure Power Global Ltd., is being handled by the US Attorneys Office for the Eastern District of New York and the Justice Departments fraud unit in Washington, said people familiar with the matter...
Adani Group and Azure compete in Indias green-energy sector, and in recent years both have won contracts for projects as part of the same state-run solar program..
Azure said last year that it was cooperating with the Justice Department and SEC after an internal probe found evidence that people previously affiliated with the firm may have been aware, or been involved in, an apparent scheme with persons outside the Parent to make improper payments in relation to certain projects...
