Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth.

NEW DELHI (AP) Asias controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme. In an indictment unsealed by fede...

India's Adani Group has denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani.

Shares of India's Adani Group companies plunged after its billionaire chair Gautam Adani was indicted in a New York federal court.

NEW YORKGautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. prosecutors said on Wednesday. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay […]

The charges comes just weeks after the Adani Group pledged billions in new US energy and infrastructure projects.

NEW YORK >> Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, U.S. prosecutors said today.