Indian tycoon Gautama Adani offers Sh1.29 trillion US investment as bribery case weakens
The U.S. Department is close to dropping criminal fraud charges against Gautama Adan, an Indian billionaire who has promised to invest $ 10 BN (1.29 trillions) in the U.S economy, according to two sources familiar with the matter.
Adan on Thursday resolved a related civil fraud lawsuit brought by securities and exchange commission (SEC) over an alleged scheme to bribe Indian government officials, subject to court approval. Adan group did not respond to a request for comment from Reuters on the report of criminal charges being dropped. It has previously allegation baseless.
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