WEB DESK: Global scrutiny intensified as Adani Group founder and executives indicted in US, triggering repercussions in international projects

Deceiving investors and bribing Indian officials. These revelations underscore the cronyism during Narendra Modi’s tenure in Gujarat, which played a pivotal role in nurturing Adani’s fraudulent empire.

Adani is specifically accused of paying a $250 million bribe to secure solar contracts. The Modi-led BJP appears to be complicit in this corruption, tarnishing India’s global reputation and fueling worldwide corruption.

The indictment of Gautam Adani and several senior officials of the Adani Group in the U.S. could complicate future deals in countries such as Kenya, Bangladesh, and Sri Lanka, among others.

In the wake of the U.S. lawsuit, Kenya’s President, William Ruto, ordered the cancellation of several proposed agreements with the Adani Group.

Experts in Sri Lanka, including Nishan De Mel, have advised their government to approach the Adani Power Project with caution due to the bribery and fraud allegations surrounding the group.

Bangladesh’s Supreme Court has instructed an investigation into Adani Group’s 1600 MW power deal, under which the group was exporting electricity to Bangladesh. Criminal proceedings have also been initiated against Adani.

The energy deal between Adani and the Bangladesh government was already controversial, as it was signed without a legal tender process. Negotiations by the interim government are now likely to be further affected by the U.S. allegations. Modi’s unwavering support has allowed Adani to secure controversial deals spanning India’s airports to regions like Africa and South Asia, damaging India’s international standing.

The allegations of bribery and fraud abroad highlight the corrupt policies of the Modi government, which have not only led to a decline in foreign investment in India but also fostered an environment of corporate greed.

The fallout from Adani’s fraudulent actions, including false investment claims and covert dealings, underscores the reality that under Modi’s leadership, India has become a haven for corrupt practices. Following the exposure of Adani’s bribery scandals, foreign investors are now questioning the credibility of India’s economic governance under the Modi administration, leading to a sharp decline in foreign investment