The chair of Indian conglomerate Adani Group, Gautam Adani, has been indicted in the U.S. over an alleged scheme to pay hundreds of millions of dollars in bribes and conceal the scheme from American investors,

U.S. authorities have charged Gautam Adani, the chairman of the Adani Group and one of the richest people in the world, along with seven other people with conspiracy, fraud, and bribery.

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.