Thu Nov 21 04:34:48 UTC 2024: ## Adani Arrest Warrant Issued in US Following Multi-Billion Dollar Fraud Indictment
**New York, November 21, 2024** – A New York judge has issued an arrest warrant for Gautam Adani, chairman of the Adani Group, following his indictment on charges of orchestrating a multi-billion-dollar fraud scheme in the United States. The warrant, according to ABC News citing court documents, will be transmitted to foreign law enforcement agencies.
The U.S. Securities and Exchange Commission (SEC) alleges that Adani defrauded American investors and engaged in bribery to secure a multi-billion dollar solar energy project awarded by the Indian government to Adani Green and Azure Power. The SEC claims the bribery scheme facilitated these renewable energy companies’ involvement in the project.
The indictment has sent shockwaves through financial markets, with Adani dollar bonds reportedly plummeting following the news. The arrest warrant represents a significant escalation in the ongoing investigation. Further developments are expected as international authorities proceed with efforts to apprehend Mr. Adani.
First Piper 