Indian billionaire Gautam Adani visits China amid US legal challenges to boost renewables
The visit, including to a solar module maker, underscores Adani's continued efforts to maintain momentum in renewables even as he faces heightened scrutiny abroad. Sagar Adani, who oversees the green arm of the conglomerate's sprawling empire, accompanied his uncle on the trip, according to a social media post by one of the companies he visited.
The trip to China could signal a renewed push for international engagement as Gautam Adani tries to shake off controversies, from US legal troubles to investor concerns about corporate governance practices, following a bruising short-seller report in early 2023.
Asia's second-richest person, along with his nephew Sagar, face criminal and civil charges in the US over their alleged involvement in a US$250 million bribery scheme to pay regional officials in
India to lock in solar-power contracts.
The Adani Group has denied the claims, though both Gautam and Sagar have curtailed their international travel since the indictment was announced.
Gautam Adani, his wife Priti Adani and their granddaughter Kaveri wave from a boat after visiting the Sangam, the confluence of the Ganges and Yamuna rivers Photo: Reuters
The Indian conglomerate is building one of the largest renewable energy parks – five times the size of Paris – near India's western coast with solar panels and wind turbines.
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