Three former Quebec pension fund executives are indicted in the U.S. for alleged bribery in India.

Three former executives of Quebec's pension fund have been indicted in the U.S. for their alleged role in a scheme to bribe Indian officials with over $250 million to secure solar energy contracts. Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra are accused of conspiring to deceive investors and obstruct justice. The Adani Group, a major player in the alleged scheme, has denied the charges. The Quebec pension fund, Caisse de dépôt et placement du Québec, is cooperating with U.S. authorities.

November 22, 2024
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