From the junior-most political reporter to the senior-most bureaucrat, everyone is aware of the proximity between Gautam Adani and the ruling clique in New Delhi. Some would even venture to suggest a mutually advantageous interdependency between the Modi ...

Rahul Gandhi, a senior leader of India's main opposition Congress party, gestures during a press conference on Indian billionaire Gautam Adani being indicted by U.S. prosecutors for his alleged role in a scheme to bribe Indian officials, at the party's headquarters in New Delhi, India, November 21, 2024. REUTERS/Priyanshu Singh

One of the world's richest people, Indian billionaire Gautam Adani has been indicted on multiple counts of fraud in the US. The criminal charges are related to his alleged role in a scheme to bribe officials in India.

Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi's party said they had to answer for contracts signed while they were in power.

The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.