Diplomatic stalemate makes way for a long courtroom battle

MUMBAI : The securities fraud proceedings against Adani Group chair Gautam Adani and his nephew Sagar Adani—over allegations of paying bribes to unnamed Indian government officials and misleading American investors—have broken a year-long political stalemate, making way for a potentially long legal battle in a US court. Attorneys representing the Adanis and the US Securities…

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