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Billionaire Gautam Adani charged in New York with massive fraud

  • Gautam Adani and two executives have been charged with paying over $250 million in bribes to Indian officials for solar energy contracts, as stated by US prosecutors.
  • The charges include securities fraud and conspiring to commit securities and wire fraud, according to an indictment unsealed on Wednesday.
  • Adani Green Energy raised more than $3 billion in loans and bonds based on false statements during the alleged bribery period from 2020 to 2024.
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