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Adani Group stocks rise up to 3% after US Justice Department drops all charges against Gautam Adani
Adani Group stocks rose up to 3% after US Department of Justice dropped all criminal charges against Indian billionaire Gautam Adani and his nephew Sagar Adani, concluding a 19-month legal battle. This development, alongside a $275 million settlement with the US Treasury for sanctions violations, lifts uncertainty over the Adani Group's expansion plans. The group had faced allegations of bribery and fraud linked to solar power contracts.
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standardmedia.co.ke
US drops fraud case against Adani after 'unusual' offer
US drops fraud case against Indian tycoon Adani after ‘unusual’ offer
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businessdailyafrica.com
US to drop bribery case against India’s Gautam Adani
The US Justice Department is close to dropping criminal fraud charges against Mr Adani.
