US charges billionaire Gautam Adani with defrauding investors

India’s Adani Group chairman Gautam Adani (Ajit Solanki/AP)

An Indian businessman who is one of the world’s richest people has been indicted in the US on charges he duped investors in a massive solar energy project in his home country by concealing that it was facilitated by alleged bribery.

Gautam Adani, 62, was charged in an indictment unsealed on Wednesday with securities fraud and conspiring to commit securities and wire fraud.