SEC charges Adani executives in solar project bribery case
The Securities and Exchange Commission (SEC) has charged Gautam Adani and Sagar Adani, senior executives at Adani Green Energy Ltd., and Cyril Cabanes, a former executive of Azure Power Global Ltd., for their alleged roles in a multi-billion-dollar bribery scheme. The scheme was allegedly designed to secure favourable terms for a solar energy project awarded by the Indian government. The SEC alleges that Gautam Adani, Chairman of Adani Green, and Sagar Adani, its Executive Director,…