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The Independent UK
The Independent UK
Maroosha Muzaffar

US charges Indian billionaire Gautam Adani with bribery and fraud

Indian billionaire Gautam Adani is facing criminal fraud charges in the US for allegedly orchestrating a $250m (£198m) bribery scheme to secure lucrative renewable energy contracts in his home country.

Prosecutors claim that Mr Adani and seven other executives bribed Indian government officials, concealed the scheme and made false anti-corruption statements to raise $3bn (£2.4bn) from US and international investors.

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