Indian billionaire Gautam Adani, founder of the Adani Group, and seven executives have been indicted in the United States on charges of bribery, fraud, and obstruction of justice. The group allegedly paid over $250 million in bribes to Indian government officials between 2020 and 2024 to secure solar energy contracts projected to yield more than $2 billion in profits over 20 years. The US Department of Justice also claims Adani Green Energy Ltd and Azure Power Global misled investors to raise over $175 million, with evidence including records of bribes on cell phones and financial analyses.

The fallout from the indictment has extended globally. In Kenya, President William Ruto canceled two major Adani-led projects—a $2 billion airport expansion and a $736 million energy transmission line—citing "integrity issues." Meanwhile, the US International Development Finance Corporation is reevaluating its proposed $553 million loan for a port terminal project partly owned by the Adani Group. The agency is conducting due diligence to ensure compliance with its rigorous standards, underscoring growing international concerns about transparency and corporate governance.

The allegations follow earlier claims by US short-seller Hindenburg Research, which accused Adani companies of stock manipulation and weak governance practices. As scrutiny mounts, the indictment has amplified debates over corporate accountability in renewable energy and global infrastructure sectors.