In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of electricity to a state-owned power company.

Indian billionaire Gautam Adani, one of the world’s richest people, was indicted by U.S. prosecutors for his alleged role in a $265 million bribery scheme, plunging his conglomerate deep into crisis for the second time in two years.

In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever

Jagan Mohan-led YSRCP said that its government had no direct agreement with Adani Group and that the power sale pact signed in 2021 was between SECI and AP Discoms.

The White House acknowledges allegations against Gautam Adani, who faces bribery charges in New York. Adani Group denies the accusations, while US officials express confidence in navigating the situation without jeopardizing US-India relations.

From a shy school dropout to one of India's richest and most influential people, Gautam Adani has now been accused of bribery by US prosecutors.

Indian billionaire Gautam Adani has been charged by US prosecutors over an alleged years-long scheme to bribe Indian officials in exchange for favourable terms on solar power contracts that were projected to bring in more than $2 billion (NZ$3.