Indian billionaire Gautam Adani faces multiple fraud charges in a U.S. bribery case concerning $265 million, leading to significant declines in his company’s stock and bond values. The case involves allegations of bribing Indian officials to secure contracts in the solar energy sector, potentially yielding $2 billion in profits over 20 years. Arrest warrants have been issued for Adani and others, including his nephew, as the scandal reignites scrutiny over Adani’s business dealings and his close ties with Indian Prime Minister Narendra Modi.

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