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 former employees of the Caisse de dépôt et placement du Québec have been charged with conspiracy to violate the Foreign Corrupt Practices Act for allegedly taking part in a plot with Indian billionaire Gautam Adani, chairman of conglomerate Adani Group—a man with close ties to Indian Prime Minister Narendra Modi and who is one of the world’s richest people.
