Gautam Adani Indictment: 5 Things to know about the alleged bribery charges against the billionaire

US prosecutors have charged Indian billionaire Gautam Adani and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India.In the indictment, prosecutors alleged the tycoon and other senior executives had agreed to the payments to Indian officials to win contracts for his renewable energy company, expected to yield more than $2bn in profits over 20 years.The authorities said Adani and the other defendants agreed to pay about $265 million in bribes to Indian officials to obtain contracts. The Adani Group denied the charges as baseless and would seek “all possible legal recourse”. But its stocks took a beating.
In this episode, we try to understand the 5 things that help us understand the latest Adani controversy. What is Adani Group being accused of? What are the charges against Gautam Adani, and who are the accused?

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