Gautam Adani, the chairman of India's Adani Group, as well as one of the world's wealthiest people, was indicted along with seven others for his involvement in a large-scale bribery and fraud scheme.

One of Asia’s richest men, Indian tycoon Gautam Adani, is again in the spotlight. In an indictment unsealed in New York, Adani, 62, was charged with securities fraud and conspiracy to commit securities and wire fraud.

A US indictment threatens Indian tycoon Gautam Adani’s efforts to redefine himself as a clean-power champion and secure overseas financing for projects vital to the nation’s energy transition.