Indian businessman Gautam Adani has been charged by U.S. prosecutors with bribing Indian officials to secure over $2 billion in profits. However, Adani has clarified that the alleged bribe was actually a share dividend that has been misunderstood. Sources from The Fauxy suggest that Gautam Adani personally delivered dividends to preferred shareholders, who have a priority claim on them, leading the U.S. agency to mistakenly interpret the transactions as bribery. Following the news, Adani’s shares plummeted significantly. In response, Gautam Adani is now reportedly planning to personally deliver a dividend to the U.S. agency to clear up the misunderstanding.
Share Dividend Mistaken for Bribery Claims Adani
