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Billionaire Gautam Adani charged in New York with massive fraud

  • Gautam Adani has been indicted in New York for securities fraud and conspiring to commit securities and wire fraud, according to an indictment unsealed on Wednesday.
  • He is accused of defrauding investors by concealing a bribery scheme involving over $250 million to secure solar energy contracts in India.
  • U.S. Prosecutors claim that Adani, his nephew Sagar Adani, and Vneet Jaain deceived investors contributing billions to the solar project.
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