Indian billionaire Gautam Adani charged: 5 things to know

Adani Group conglomerate is omnipresent in India's expanding infrastructure drive

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U.S. prosecutors have indicted Gautam Adani on bribery charges. His company, the Adani Group, has denied the allegations. (Nikkei montage/Source photos by Reuters and Ken Kobayashi)

SOUMYAJIT SAHA and KIRAN SHARMA, Nikkei staff writers

MUMBAI/NEW DELHI -- An indictment against Indian business tycoon and Asia's second-richest man Gautam Adani on bribery charges in a U.S. federal court on Wednesday has sent shockwaves through India.

The charges have brought scrutiny back on his empire, less than two years after accusations of financial improprieties by short-seller Hindenburg Research had wiped out $130 billion from the group's public market value.

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