In a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations "are incorrect"
The US Securities and Exchange Commission (SEC) filing alleged that the Adani Group, in collaboration with Azure Power, paid $265 million in bribes to state electricity officials across several states, including Andhra Pradesh, Chhattisgarh, Tamil Nadu, Odisha, and Jammu and Kashmir, between 2021 and 2023. These bribes reportedly secured power supply contracts after the Solar Energy Corporation of India faced challenges finding buyers for the 12 gigawatts of solar electricity awarded to Adani and Azure Power in 2020.
