Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for allegedly paying over $265 million in bribes to Indian officials to secure lucrative contracts. The indictment comes as his corporate empire experiences a significant stock downturn, prompting cancelation of planned bond sales. The U.S. Securities and Exchange Commission is also pursuing a parallel civil case against Adani and his nephew, Sagar Adani, involving discrepancies in bond offerings. The Adani Group has denied the allegations and plans to contest the charges.