Gautam Adani, 62, along with the seven other defendants were accused of paying about $265 million in bribes to Indian government officials.

Indian energy mogul Gautam Adani, an ally of Prime Minister Narendra Modi, was indicted in New York on bribery charges involving solar energy supply contracts.

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

Authorities said Adani and seven other defendants, including his nephew, agreed to pay about $265 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield billions in profit.

Former Attorney General of India and Senior Counsel Mukul Rohatgi on Wednesday said that industrialist Gautam Adani, along with his nephew Sagar Adan

Adani group has confirmed the acquittal of Gautam and Sagar Adani and has informed the security exchanges about recent indictments in the US. The group's senior members have faced bribery allegations,

STORY: U.S. authorities have indicted Indian billionaire Gautam Adani over an alleged multibillion-dollar bribery and fraud scheme.The indictment was filed Wednesday in New York. It accuses Adani and his nephew Sagar of paying $265 million in bribes to Indian government officials to obtain solar energy supply contracts.