Indian Tycoon Gautam Adani Indicted in US Over $250mn Bribery Scheme

• Indian billionaire Gautam Adani has been charged by US prosecutors over an alleged bribery scheme involving Indian officials and solar power contracts.
• More than $250mn in bribes were allegedly paid between 2020 and 2024, concealed from US banks and investors.
• The charges could reignite a reputational crisis for Adani Group, which faced accusations of accounting fraud and stock market manipulation last year.

Source: Financial Times