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

  • Billionaire Gautam Adani has been charged with paying hundreds of millions of dollars in bribes and hiding payments from investors, according to US prosecutors.
  • Adani and seven executives are accused of promising over $250 million in bribes to secure solar energy contracts, projected to yield over $2 billion in profits.
  • The U.S. Securities and Exchange Commission has filed related civil charges against Gautam Adani and others, while he remains in India and was not in custody.
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