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Adani fights money laundering claims in Switzerland as Sh40 billion frozen

Indian billionaire Gautam Adani

Indian billionaire Gautam Adani. 

Photo credit: Reuters

Adani Group, the Indian company that has caused a furore over plans to lease Kenya's main airport, is in the news after Sh39.99 billion was frozen in Switzerland over money laundering allegations.

Newly released court documents show that a man who had dealings with five Swiss banks is being investigated by the Swiss Attorney General. More than $310 million (Sh39.99 billion) has been frozen as a result of the investigation.