Indian chair of Adani Group, worth about $85bn, accused of agreeing to pay bribes to obtain solar energy contracts

Gautam Adani, one of the world’s richest men, has been indicted in New York over an alleged multibillion-dollar scheme to pay $250m in bribes and conceal it from US investors.

Prosecutors charged the chair of the Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud.