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Gautam Adani Charged with Corruption in US Amid Stock Market Turmoil

Indian billionaire Gautam Adani faces serious allegations of corruption as U.S. prosecutors charge him with participating in a scheme involving over $250 million in bribes to Indian officials for solar energy contracts. This scandal has resulted in a significant drop in Adani’s companies’ stock prices. Adani, alongside his nephew Sagar Adani and others, is accused of concealing this corrupt system while seeking investments. Opposition leader Rahul Gandhi has called for Adani’s arrest, alleging protection from Indian Prime Minister Narendra Modi, while the Adani Group has denied all allegations.

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