Discover the SEC's case against Cyril Cabanes, former Director of Azure Power Global Limited, accused of violating the Foreign Corrupt Practices Act (FCPA). This video delves into the alleged bribery scheme, cover-up tactics, and the implications for both Azure and Adani Green Energy Ltd.
Main Themes:
Bribery Scheme: Accusations of paying bribes to Indian officials for energy contracts.
Cabanes' Involvement: Detailed accounts of Cabanes' active participation and concealment efforts.
Cover-Up and Deception: Strategies used to hide the scheme from key personnel and investigators.
Key Highlights:
Joint contracts between Azure and Adani Green for the 12GW solar energy project.
Communication through WhatsApp to discuss and conceal bribe payments.
The SEC's pursuit of civil penalties and permanent injunctions against Cabanes.
Supporting Quotes:
"Just so you know, we have doubled the incentives to push for these acceptances.” - Sagar Adani
"Is there a commercially doable deal here?" - Cyril Cabanes
"Sounds good. So we have a potential deal on the table?" - Cyril Cabanes
Join us to understand the complexities of this high-profile case and its potential repercussions. #SECvsCabanes #BriberyAllegations #CorporateFraud #AzurePower #AdaniGreen
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