A US federal court directed Gautam Adani to file an affidavit by July 15 disclosing whether any promise, offer or agreement was linked to the US Department of Justice’s request to dismiss the criminal indictment against him and seven others in an alleged bribery case.
US President Donald Trump stayed the enforcement of a US law that bans bribery in foreign countries. This decision could affect global corruption investigations, including any potential scrutiny of Indian billionaire Gautam Adani. The law, known as the Foreign Corrupt Practices Act (FCPA), is crucial in holding multinational corporations accountable. If enforcement remains weak, cases involving overseas financial dealings may face reduced oversight.
