Indian billionaire’s attempt to beat fraud charges stalls amid US tensions – Bloomberg

Tamara Ceaikovski

Adani Group’s progress with US officials has faltered, as New Delhi and Washington disagree on Russian oil and Pakistan Gautam Adani’s attempts to resolve US fraud allegations have hit a roadblock on account of India–US tensions, Bloomberg reported on Thursday. In November, US regulators brought charges against the Indian billionaire and his nephew, Sagar Adani, alleging that they had paid bribes to obtain power supply contracts and had misled US investors regarding compliance during bond sale

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