Quebec’s pension fund manager says it is co-operating with United States authorities after three former employees were indicted in federal court in Brooklyn, N.Y., in an alleged scheme to give hundreds of millions of dollars in bribes to the Indian government.
The U.S. Attorney’s Office says the trio were involved between 2020 and 2024 in a plot to pay more than US$250 million in bribes to Indian officials and to deceive investors and banks to secure contracts worth billions of dollars with a solar energy company.
Cyril Cabanes, Saurabh Agarwal and Deepak Malhotra have been charged with conspiracy to violate the Foreign Corrupt Practices Act in connection with the alleged bribery scheme that also allegedly involved Indian billionaire Gautam Adani….