Indian billionaire Gautam Adani faces serious allegations in the U.S., including securities fraud and a $250 million bribery scheme linked to solar energy contracts. Prosecutors claim Adani misled investors and paid bribes to Indian officials, benefiting Adani Green Energy. The fallout is significant—Adani Group’s bonds have plummeted to their lowest since the Hindenburg report in 2023. The SEC has also filed a civil lawsuit, accusing Adani of violating anti-fraud laws. What does this mean for Adani’s empire and India’s corporate reputation? Stay tuned for updates on this unfolding story.
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