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November 22, 2024

U.S. Prosecutors Indict India's Wealthiest Man, Gautam Adani, on Bribery Charges
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Federal prosecutors in Brooklyn have indicted India's wealthiest man,
Gautam Adani, and several associates on multiple counts of fraud under
the Foreign Corrupt Practices Act, a U.S. anti-bribery law. Prosecutors
accuse Adani of leading a $250 million bribery scheme in India to obtain
solar energy contracts worth billions of dollars - and then covering up
the graft to raise money from U.S. and international investors. Adani,
who is listed as the world's 19th richest person, with a net worth of
more than $85 billion, is a close ally of Indian Prime Minister Narendra
Modi, who has repeatedly helped the Adani Group win lucrative government
contracts.


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