The US Securities and Exchange Commission (SEC) has charged Gautam Adani, Chairman of the Adani Group, along with Sagar Adani and Cyril Cabanes, a former executive of Azure Power Global Ltd., for their alleged involvement in a bribery scheme linked to a multi-billion-dollar solar energy project.

According to ANI, the SEC’s complaint alleges that Gautam and Sagar Adani orchestrated a scheme to pay or promise bribes to Indian government officials to secure above-market-rate energy purchase commitments. This scheme reportedly enabled Adani Green and Azure Power to capitalise on a massive solar energy project awarded by the Indian government.