Indian billionaire Gautam Adani indicted in U.S. on bribery charges

Adani Group chair also accused of multibillion-dollar fraud

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U.S. prosecutors have indicted Gautam Adani for alleged involvement in a multibillion-dollar fraud scheme.  © Reuters

JACK STONE TRUITT and PAK YIU, Nikkei staff writer

NEW YORK -- Indian billionaire Gautam Adani was indicted on bribery charges in a U.S. federal court Wednesday, with prosecutors alleging the 62-year-old tycoon and other Indian executives promised more than $250 million to Indian government officials to secure solar energy contracts.

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