India's opposition protests against billionaire facing US bribery and fraud charges
Hundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government of protecting the Indian coal magnate whose compani...
NEW DELHI — Hundreds of supporters of India's main opposition party protested on Monday against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government of protecting the Indian coal magnate whose companies' shares have plunged since the charges last week.
Activists belonging to the Congress party demonstrated near Parliament in New Delhi to demand the immediate arrest of Adani, who is seen as close to Prime Minister Narendra Modi. Some held up placards reading “Modi and Adani are one” and “Modi's friendship is costing the nation." Several were detained by police.
Also on Monday, opposition parties chanted “Adani” over and over as Parliament opened. They called for a joint committee to investigate his companies, which include agriculture, renewable energy, coal and infrastructure. But the parliamentary session was adjourned over the disruptions.
Adani, 62, one of Asia's richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud and conspiracy to commit securities and wire fraud, alleging that Adani duped investors in a massive solar project in India by concealing that it was being facilitated by bribes.
The indictment outlines an alleged scheme to pay about $265 million in bribes to government officials in India.
The government has not officially commented on the charges, which the Adani group has denied as
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