Indian businessman Gautam Adani, one of the richest people in the world, is facing serious charges in the US.
On Wednesday, an indictment accused Mr. Adani of securities fraud and conspiracy to commit securities and wire fraud.
The case centers around a massive solar energy project in India. It alleges that Mr. Adani misled investors by hiding that the project was linked to an alleged bribery scheme.
The project involved Adani Green Energy Ltd. and another firm. Together, they agreed to sell 12 gigawatts of solar power to the Indian government. This amount of energy could power millions of homes and businesses.
The charges mark a significant legal challenge for the 62-year-old billionaire, who is a prominent figure in the global business world.
