How Adani’s alleged corruption could hurt India’s economy & middle class | LME EP 51

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The US govt has accused Adani group of bribing Indian officials to secure solar energy contracts at inflated rates. This isn't the first time Adani has faced accusations like this. In the past, he has been accused of selling low grade coal at inflated prices, and the Hindenburg Research, and OCCRP reports accused him of using offshore shell companies to manipulate stock prices. But these accusations aren’t just business scandals. It doesn’t just take a toll on India, but affects common people directly. In this week’s Let Me Explain, Pooja Prasanna breaks down the allegations, and explains how it would have an impact on us.

#LetMeExplain #PoojPrasanna #AdaniScandal #Adani #AdaniGroup #GautamAdani #EnergySectorCrisis #FCPAInvestigation #IndiaEconomy #IndianEconomy #HindenburgReport #AdaniProbe #SEBIProbe