Federal prosecutors issued arrest warrants for the billionaire head of the Adani Group and his nephew Sagar, alleging they participated in a $265 million scheme to bribe Indian officials to secure power-supply deals.

The charges allege that Adani and other defendants promised bribes to Indian government officials to secure solar energy contracts. They also reportedly concealed these actions while raising funds from U.

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, could face a long road to trial in the U.S. on criminal charges over his alleged role in a multi-billion-dollar fraud and bribery scheme.

Gautam Adani, the second-richest person in India, is facing bribery charges in the US and business tumult globally. Adani is the founder and chairman of the Adani Group, a multinational conglomerate with businesses spanning energy, mining, ports ...

Gautam Adani, 62, along with the seven other defendants were accused of paying about $265 million in bribes to Indian government officials.

Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi's party said they had to answer for contracts signed while they were in power.

Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. But it’s unclear just how the case will affect his businesses and own future — as well as the Indian economy and government.