Adani Charged by US in $250 Million Bribery Case, Shaking India

US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme, in a stunning blow to India’s most powerful businessman and close ally of Prime Minister Narendra Modi.

Federal prosecutors alleged on Wednesday that Adani, one of the world’s richest people, and other defendants promised to pay more than $250 million in bribes to Indian government officials to win solar energy contracts, and concealed the plan as they sought to raise money from US investors. US law allows federal prosecutors to pursue foreign corruption allegations if they involve certain links to American investors or markets.

The five-count ...