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Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme

  • Indian billionaire Gautam Adani has been indicted by US prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, impacting his conglomerate again.
  • Adani and seven executives allegedly promised over $250 million in bribes to Indian officials for solar energy contracts, which has triggered a crisis in the Adani Group.
  • The Adani Group denied the allegations, calling them "baseless" and stated they would seek "all possible legal recourse".
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