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The Independent UK

World

Arpan Rai

MYSTERIOUS: Everything we know about us indictment of indian billionaire gautam adani - What They Never Told You

Gautam Adani Sagar Adani Gautam S Adani India United States Narendra Modi Mallikarjun Kharge Renewable Energy Adani Group the Indian National Congress

A supporter of India’s Congress party carries an effigy of prime minister Narendra Modi and tycoon Gautam Adani - (AFP via Getty)

Indian billionaire Gautam Adani has been slapped with criminal fraud charges in the US for allegedly orchestrating a $250m (£198m) bribery scheme to secure lucrative renewable energy contracts in his home country.

Federal prosecutors in Brooklyn, New York, unsealed the five-count indictment on Wednesday, alleging Mr Adani and seven other associates, including nephew Sagar Adani, bribed Indian public officials, concealed the scheme, and made false statements to raise $3bn (£2.4bn) from American and international investors.

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