Three former execs of CDPQ charged alongside Adani in US fraud, bribery case: report

The US Securities and Exchange Commission (SEC) has charged industrialist Gautam Adani, three former executives of Canada-based CDPQ (Caisse de dépôt et placement du Québec) and others with an over USD 250 million bribery and fraud case. The former CDPQ employees are Cyril Cabanes (former MD of infrastructure for Asia-Pacific), Saurabh Agarwal (the pension fund’s former India MD) and Deepak Malhotra (former director of infrastructure for South Asia).In the US indictment, a case was also made out against Ranjit Gupta, who is the former CEO of CDPQ-controlled Azure Power.