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

  • Billionaire Gautam Adani has been charged with defrauding investors and bribing officials in India, according to U.S. Federal prosecutors.
  • Adani and seven executives allegedly promised over $250 million in bribes to Indian officials for solar energy contracts.
  • Shares in the group’s listed firms dropped between 10% and 20% following the indictment.
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