About Photovoltaic inverter fraud case
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3 FAQs about [Photovoltaic inverter fraud case]
Did a bribery scheme lead to a massive solar energy project?
One of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme.
Did Indian businessman dupe investors in solar energy project?
(AP Photo/Ajit Solanki, File) NEW YORK (AP) — An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in his home country by concealing that it was being facilitated by an alleged bribery scheme.
Why did SECI not buy solar power in India?
However, SECI couldn't find buyers in India to purchase the solar power. Without buyers, the deal couldn't move forward, and both companies risked losing the profits they expected.
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