Adani Enterprises Ltd. and Wilmar International Ltd. are said to delay a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire-founder Gautam Adani,

Adani Enterprises Ltd and Wilmar International Ltd are reportedly postponing a planned sale of at least 12% in their joint Indian food venture, Adani Wilmar Ltd, in light of a US bribery indictment involving Gautam Adani,

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

This account of how the alleged scheme unfolded is drawn from federal prosecutors' 54-page criminal indictment of Adani and seven of his associates and two parallel civil SEC complaints.

Gautam Adani, 62, along with the seven other defendants were accused of paying about $265 million in bribes to Indian government officials.

Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.

Federal prosecutors issued arrest warrants for the billionaire head of the Adani Group and his nephew Sagar, alleging they participated in a $265 million scheme to bribe Indian officials to secure power-supply deals.

NEW YORK (Reuters) -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, prosecutors said on Wednesday.

Adani has been charged by U.S. federal prosecutors with defrauding investors for a solar energy project in India.

The Justice Department alleged that he and other executives paid off Indian government officials to secure contracts.

Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, U.S. prosecutors said on Wednesday.