Gautam Adani, a prominent Indian billionaire, faces US fraud charges that threaten his business empire and political ties to Prime Minister Narendra Modi. Federal prosecutors accuse him of orchestrating a bribery scheme to raise funds, resulting in significant market losses for his companies. As Adani’s $169bn conglomerate navigates the fallout, concerns grow over the implications for India’s economy and political landscape. Opposition leader Rahul Gandhi has called for Adani’s arrest, suggesting potential wider political ramifications as investigations unfold.