SEC Files Charges Against Senior Executives in Alleged Bribery Scheme Involving Adani Green and Azure Power
The Securities and Exchange Commission (SEC) recently announced charges against three senior executives for their alleged roles in a major bribery scheme involving Indian energy companies, Adani Green Energy Ltd. and Azure Power Global Ltd. The scheme reportedly aimed to capitalize on lucrative solar energy projects funded by the Indian government. During the bribery operation, Adani Green raised $175 million from U.S. investors through a note offering, while Azure Power’s stock continued trading on the New York Stock Exchange.
Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.
He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.
