New York | Washington | Indian billionaire Gautam Adani has been indicted by U.S. federal prosecutors in connection with an alleged years-long scheme to bribe Indian officials in exchange for favorable terms on solar energy contracts estimated to bring in more than $2 billion in profits ( 3 billion dollars).

The 62-year-old tycoon, who heads multinational conglomerate Adani Group and has been a vocal supporter of Prime Minister Narendra Modi, was indicted in New York on charges, including securities fraud along with seven others, including executives of Adani’s energy subsidiaries and former employees of a Canadian pension fund.

Loading…