Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. An Adani Group spokesperson said the allegations made by the U.

Gautam Adani, head of the Adani Group, faces indictment in New York for alleged bribery and fraud. Alongside other defendants, including his nephew Sagar Adani, they allegedly paid $265 million in bribes to secure contracts in India.

The billionaire chair of the Indian conglomerate and one of the world's richest people has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme.

Shares of India's Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.

Gautam Adani and his associates were accused of paying more than $250 million in bribes to obtain lucrative solar energy contracts.

Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi's party said they had to answer for contracts signed while they were in power.

India's Adani Group on Thursday called US charges that their billionaire founder Gautam Adani had paid more than $250 million in bribes "baseless", as the opposition leader demanded the tycoon's