A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate's other companies are accused of wrongdoing,

Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir Cohen/File Photo (Reuters) - U.

Adani and other executives have been accused of offering INR 2,029 crore in bribes to government officials for securing lucrative solar energy supply contracts

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, sending shockwaves across his eponymous $142 billion ports-to-soybeans business conglomerate.

Gautam Adani’s spot as Asia’s second-richest person is under renewed threat after US prosecutors charged him in November with suspected bribery, triggering a rout in the stocks of his companies. The Adani Group issued a statement that called the charges baseless.

Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million bribery scheme in India, plunging his conglomerate deep into crisis for the second time in two years.

Indian billionaire Gautam Adani and his ports-to-power conglomerate Adani Group were hit by a new controversy on Thursday after U.S. prosecutors charged him in an alleged bribery and fraud scheme, accusations the group denied.

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.