Business and FinanceThe deals
A power purchase deal linked to the Adani Group in the Indian state of Andhra Pradesh is likely to be suspended as the group’s billionaire founder Gautam Adani has been indicted by the US for alleged bribery. Reuters exclusively revealed..
Why it matters
The suspension, which will be announced soon, will be the first such action by an Indian state government after US prosecutors accused Gautam Adani and seven others of paying $265 million to unnamed Indian government officials for obtaining solar contracts. Accused of agreeing to pay bribe.
Topics of interest: Business and FinanceThe deals
Type: Writer’s Best
Sectors: Business and Finance
Area: Asia
Countries: India
Types of wins: characteristic
Story Types: Exclusive / Scoop
Types of media: The text
Customer Impact: Important national story