US case against India's Gautam Adani appears strong but extradition unlikely, experts say


  • World
  • Monday, 16 Dec 2024

FILE PHOTO: Windmill tubes of Adani Green Energy are loaded on transport trucks along the Ahmedabad-Bhuj National Highway near Bhachau village in the western state of Gujarat, India, November 28, 2024. REUTERS/Amit Dave/File Photo

NEW YORK (Reuters) - The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.

Federal prosecutors in Brooklyn last month unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy, a subsidiary of his Adani Group conglomerate, and then misleading U.S. investors by providing reassuring information about the company's anti-corruption practices.

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